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Irvine, California - February 11, 2025 - ETAP®, a global leader in digital twin software solutions for power and electrical systems, announces its recognition at the 2024 Power Technology Excellence Awards.
The company was honored in the categories of Environmental, Innovation, and Research & Development (R&D) for its outstanding contributions through its Caneco Electrical PV Module, a cloud-based software solution that revolutionizes electrical design and project collaboration for photovoltaic systems, electric vehicle supply equipment (EVSE), and battery storage.
“We’re very pleased to be recognized by GlobalData in these three categories. We see ourselves as a partner to our customers on their journey towards sustainability. Our Caneco Electrical PV Module embodies this vision, representing a world where energy is not just a commodity, but a catalyst for change towards a smarter, cleaner future. ” – Tanuj Khandelwal, ETAP CEO
The Environmental award underscores ETAP’s role in advancing solar energy initiatives, particularly in support of regional initiatives, such as France's Renewable Energy Acceleration law. The company's innovative Caneco Electrical PV Module software solution has been particularly instrumental in these areas:
ETAP is expanding this solution into new European markets, to meet the growing demand for this technology, further demonstrating its commitment to environmental sustainability. The solution has just been released in Spain and will be launching very soon in Germany to support key regional initiatives in energy transition.
The Innovation category recognizes the technology in Caneco Electrical PV Module. This next-generation tool simplifies the design process, offering integrated solutions for DC and AC systems. ETAP's collaborative approach to software development, by working closely with key electrical contractors, ensures that its software aligns with market needs, showcasing a customer-centric innovation strategy.
ETAP's dedication to Research and Development is highlighted by its substantial investment in R&D, with 40% of its workforce engaged in these activities. This commitment has resulted in practical, market-driven solutions that address evolving industry needs, reinforcing its position as a leader in software development for the power industry.
ETAP is expanding Caneco Electrical PV Module availability into new European markets, such as Spain and Germany, to support key regional initiatives in energy transition.
For more information on ETAP’s sustainability commitment and Caneco Electrical PV Module, visit etap.com.
About ETAP
ETAP provides market-leading software solutions for electrical systems, from design and engineering to operations and maintenance.
Through its integrated electrical digital twin platform, ETAP delivers best-in-class, seamless customer experience and cloud-leveraging technologies ensuring universal accessibility for designers, engineers, and operators accelerating their digital energy transformation, even in the highest regulated environments.
Over 20,000 enterprises globally rely on ETAP to unlock total efficiency and sustainability at all stages of the lifecycle for utilities, infrastructure, industries, and buildings. Driven by excellence, innovation, and customer satisfaction for over 38 years, ETAP’s deep expertise is supported by the dedication of more than 1,000 employees and a strong community of active users.
ETAP is headquartered in Irvine, California, with regional operations around the globe to support our local customers.
For further information:
(949) 900-1000 pr@etap.com
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About GlobalData and Power Technology Excellence Awards
The Power Technology Excellence Awards is an independent recognition program powered by the business intelligence of GlobalData. Their team of researchers and journalists, along with Artificial Intelligence, analyze over 1 billion datasets during the year to recognize, endorse and rank top-tier companies and their achievements in 200+ counties.
The Power Technology Excellence Awards is one of the largest, most prestigious, and widely recognised programmes throughout the industry, recognizing forward-thinking, innovative companies that drive positive change in the industry. For more information, visit the official website: https://www.power-technology.com/