ECG Consulting Group Inc., based in Latham, New York, is a "boutique" management consulting firm that provides U.S. and international clients with business strategy & development, strategic market planning and technology commercialization services to help them accelerate the growth and development of their businesses. ECG's clients range from Fortune 100 firms to emerging technology growth companies to private equity firms in the advanced materials, energy &environmental, industrial, information technology, services andutility industries. In particular, ECG has an extensive history of projects related to the energy storage industry.
ECG’s involvement with energy technologies is extremely diverse.“Our clients’ growing investment in R&D, production and sales & marketing related to the deployment of new technologies is critical to their competitiveness in the U.S. and global energy industry”, says Allen S. Goodman, President of ECG. The firm has experience with clients working on projects ina wide variety of energy areas, including energy storage, renewables, distributed generation, smart grids, meters, turbines, reciprocating engines, generators, transmission & distribution equipment, cabling, substation automation, fuels, oil &gas exploration & production, particulate measurement & control, filtration and monitoring & diagnostics.
ECG has done extensive work in a broad range of energy storage topics, including some major projects on behalf of NY-BEST.In 2012, ECG conducted an Economic Impact Study, which found that New York’s energy storage industry is responsible for more than $600 million in annual global sales. The New York companies identified in this sector participate in a wide range of product and industry segments, including leading suppliers of battery components, industrial lift trucks, implantable medical batteries, ultracapacitors, lithium-ion batteries for military applications, fuel cells etc.. ECG analyzed the industry’s potential for growth in New York, focusing primarily on the significant potential in electric grid applications and transportation, and developed an economic model projecting the size and growth of the industry in 2020 and 2030. The study found that by 2020, revenues of New York companies in the energy storage industry could reach between $2.5 billion and $3.7 billion with 10,000 to 14,400 jobs created by 2020. ECG estimated that by 2030,between 30,000 and 45,000 jobs could be generated in the industry.Allen Goodman stated “the energy storage industry represents a unique business development opportunity for New York State. NY-BEST is positioned to play a key leadership role in the growth and development of this sector given its mission and its growing membership base of business, R&D and government stakeholders in the industry”.
In another project for NY-BEST, ECG identified supply chain process, participants and contacts focusing on five priority energy storage technologies (lithium-ion, lead- acid, flow and nickel-metal hydride batteries, and ultracapacitors) within two application market segments (grid energy storage and transportation) in New York State.
In the energy storage industry, ECG clients have included OEM market leaders for whom they provided strategic & business planning support, market & sales planning, business development, acquisition assessment &due diligence, new technology commercialization and key material procurement strategies, as well as detailed analyses of markets, competitors, regulatory environments, technologiesand business growth opportunities.
For utility clients, EGC has evaluated the R&D requirements, application and deployment of many technologies for utility operations. Some of these technologies include power conditioning systems, superconducting magnetic energy storage,lithium-based energy storage systems, monitoring & diagnostic control systems, expert systems and other advanced technologies.ECG’s work involved the assessment of these technologies,potential market opportunities, operating requirements for advanced energy storage, key implementation strategies, investment requirements and development of strategies for new ventures in distributed generation, energy storage, and other advanced technologies.
Other ECG clients in energy storage have included technology developers in a variety of areas, including fuel cells and advanced battery technologies. For these clients, ECG has developed commercialization strategies and performed assessments of market growth, competing technologies, product features & requirements and investment requirements. ECG has provided similar services to power system OEMs, advanced materials OEMs and control system OEMs working on technologies being applied to advanced energy storage systems.
EGC Consulting Group has global experience in more than 100 market segments in all stages of the value chain and all stages of the product life cycle. The firm uses a multi-disciplinary, team-oriented approach to work closely with clients to help them grow and develop their businesses. With their extensive and highly relevant experience, ECG is a valuable resource to New York’s growing energy storage industry.