Start-ups propelling India to its Renewable Energy Vision 2022
While the world is taking note of the environmental impacts of the virus, it will be necessary to find methods to sustain it in a post-pandemic world.
- The positive environmental impacts during the pandemic are only temporary as they come on the back of tragic economic slowdown and human distress.
- There is a need to relook at some of the present renewable strategies and encourage innovations that will make renewables more accessible and affordable.
- Several Indian start-ups are solving some basic yet important issues in India’s quest to become a leader in green energy.
The internet is full of stories about the positive impact of the global lockdown. While the human race pauses to recover and governments react to the pandemic, there have been reports that greenhouse gas emissions are down and air quality has gone up. However, Inger Andersen, Head of the United Nation Environment Programme (UNEP), in a recent editorial, has cautioned against viewing this as a boon for the environment. According to her, the visible, positive impacts – whether through improved air quality or reduced greenhouse gas emissions – are but temporary, because they come on the back of tragic economic slowdown and human distress. We need to realise that the pandemic will also result in an increase in the amounts of medical and hazardous waste generated.
This is the time we should relook at some of our renewable strategies and encourage innovations that will make renewables more accessible and affordable. India itself will have to boost its renewable energy share to achieve its vision of 2022.
India’s strategy on renewable energy is driven by the objectives of energy security, energy access and reducing the carbon footprints of the national energy systems. Renewables have created new opportunities and hence, new businesses. The extant opportunities seek to explore the larger contribution of renewables in the areas of livelihood, water, health and innovations in products, services, and business models. Already, many early-stage companies have demonstrated innovative technologies and concepts that have developed sustainable businesses.
Here is a sneak peek into some to the promising ones who are solving some basic yet important issues in India’s quest to become a leader in green energy:
Chakr Innovation is a team of skilled engineers and innovators who believe that to improve the quality of life on earth, we need to improve the quality of air. Their patented product ‘Chakr Shield’ is an innovative emission control device that captures pollution at source and converts it into ink. The device captures over 90 percent of particulate matter from the emissions of diesel generators. Each litre of ink purifies 700 million litres of air.
A cleantech company that aims to develop innovative and smart technologies based floating solar panels for a sustainable future. Quant Solar built India’s largest floating solar power plant of 2MW capacity in Mudsarlova reservoir at Vishakhapatnam. The project was successfully launched in four months under the `Smart City Initiative’ by the Andhra Pradesh government. Today, QuantSolar is catering to multiple MW scale projects.
Gegadyne Energy has developed and pioneered the science of Quick Charging Battery Technology through a Portfolio of International Patents. Gegadyne Energy’s battery consists of unique proprietary Nano-material composites and advanced battery architectures to enable quick charging batteries with high energy density similar to lithium-ion batteries. The company’s mission is to leapfrog battery technologies to the next stage and thereby change the economics of electric vehicles and everything else associated with them now and into the future.
Quenext offers AI solutions to optimise energy solutions for agricultural firms. Its single-click, easy to use, state-of-the-art decision support system is helping utilities bring efficiency across the value chain. Quenext claims its software helps human managers to predict and alert any potential hazard ahead of time.
ThingsCloud is CleanTech IoT start-up developing smart power electronics and artificial intelligence products to make the world a better place to live. The start-up offers the residentials energy conservation of 20-30 per cent and also help them store back up power for grid outages. ThingsCloud embraces AI and Internet of Things technologies to predict the demand, supply, and flow of electricity through residentials in the city.
India’s goal to become a major green energy player in the world may get delayed in view of the current global slowdown. However, with the help of AI, start-ups can help contribute to India’s clean energy initiatives.
Dr Param Shah is the Director – UK of FICCI.