After the Paris Agreement, India has decided to increase the amount of electric power from clean energy resources to 40% by 2030. India's solar project has now surpassed 22 GW.
Various initiatives have been taken by the Ministry of New and Renewable Energy in recent times. After subsidizing the cost of solar implementation in different remote areas, the Government of India has shown interest in solar-powered equipment and applications that can be installed at hospitals, hotels as well as government offices.
With this, solar manufacturing presents a tremendous market opportunity. Solar power producers and solar technology firms like PuREnergy are keen to ramp up solar capacity.
Their superior solar technology not only powers domestic appliances like fans, AC, lights, or lifts – but also highly power-consuming industrial appliances.
PuREnergy was born with a vision to harvest solar energy from untapped areas and make society know of customers' environmental awareness and investments through smart solar systems. The startup believes that every energy unit be renewable.
Making a humble start in 2015 at IIT Hyderabad Technology Incubation Centre, solar manufacturing start-up PuREnergy has carved its path to glorious successes month after month.
Incubated by the experts at IIT Hyderabad incubated PuREnergynow employs a well-coordinated team of over twenty people that includes energy experts, students, researchers, and teachers.
In just two years of its illustrious journey, PuREnergy has crossed several milestones and now takes pride to make its footprints in Bengaluru. With an unflinching commitment to excellence and relentless passion to bring value to businesses through innovative solar technology, PuREnergy has emerged as a prominent name among renewable energy suppliers in India.
The firm has already been chosen as the service provider by prestigious players like pharmaceutical companies, universities, hospitals, residential communities, NGOs, and schools.
Together PuREnergy has satisfied over hundred clients. With an experience in over 10 MW projects, PuREnergy is a leading player in designing and implementing innovative solar energy solutions for industrial as well as residential users.
"PuREnergy has been incubated from the IIT Hyderabad Technology Incubation Centre (i-TIC), where the start-up will have access to all infrastructural facilities of the premier institution, laboratories to carry out advanced R & D activities, data storage servers, high network bandwidth and indeed invaluable human resource capital in terms of faculty and students," said founder and MD.
With their renewable technology, every year PuREnergy has been saving 5000 tons of carbon, lakhs of trees, and 1 Billion Litre of water.
So far PuREnergy has not raised a single penny from investors. The firm has generated revenue of more than 1 Million US dollars within 18 months.
PuREnergy firmly believes in the 'Prevention is Better than Curing' principle in its installation endeavors, which offers a maintenance-free experience.
Owing to its growth in recent times, PuREnergy has stepped on the gas as a catalyst for the nation's green energy initiative. The startup has taken the plunge to design smart hybrid solar energy solutions for industrial, commercial, and residential users.
In 2015, the firm conducted a market survey among the people living and having their organization/business/universities/factories in urban areas. The key observations were:
92% responded confirmed to have a power cut in their organization.
Almost 100% of respondents have diesel generators and UPS as power backup systems.
Importantly less than 1% of respondents invested in solar energy.
65 % of respondents informed that "Lack of Smart Features and Software Based Service" is one of the reasons for not having a solar installation
38% of respondents informed that "Lack of Hybrid Solar Solutions, which can be integrated with Grid, Loads, UPS and Diesel Generator" so that their savings and comforts are maximum.
88% of residential and gated community clients informed that "Solar systems should run heavy appliances like Air Conditioners, Lifts, Geysers, Kitchen Utilities, etc".
The majority of respondents (80%) indeed feel that society should know about their awareness and investments in renewable energy.
" We started initially addressing point no five, where we started offering Hybrid solar solutions, and this segment has become our early customer base.
Later, we ventured into the segments of smart solutions and running large-scale utility-based appliances with our solar systems.88 % of respondents from point no. 6 (some common with 38% of 5) will also become our major early customers.
Two premium products have been designed to capture this market: one for high-end independent houses and another for apartments," said the MD and founder of PuREnergy.
A tree-like structure that can harness solar energy, provides beautification to the landscape/premises, and package multiple customer needs. The concept will achieve 90% land savings compared to the equivalent traditional solar mounting systems.
These Solar Trees would be a unique aesthetic solution for many organizations who want to showcase their awareness about the environment and investment in renewable energy.
Within a short period, the startup has become a prominent name for its Smart Hybrid Solution.
The solar system offered by this startup will have the capability to function in all kinds of modes like Off-grid, on-grid, UPS power backup, and DG synchronization. The savings will be enhanced by 30% compared to conventional systems.
This can easily power loads like Air Conditioners, lifts, washing machines, and kitchen utilities. Users who use this 24*7 energy-independent system, do not need additional UPS or Diesel Generator Systems.
Data reports on savings, power generation, and carbon credits on a daily, weekly, and monthly basis.
Email Alerts on critical information such as power cuts, battery backup, overloading, voltage fluctuations, etc
Continuous health monitoring and management of the system through software will double the life cycle of batteries and inverter
Service issues are predicted earlier and will be prevented to avoid any damage
Through big data analytics, we will also predict the abnormal power consumption of major electrical appliances, internal wiring losses, and unnoticed usage of electricity.
The man behind creating this renewable energy-focused organization is none other than Dr Nishanth Dongari. Marie Curie FellowNishanth Dongarihas an avid interest in renewable energy. He has an impeccable track record of professional success in this area.
After finishing B. Tech. from IIT Bombay in 2007, Dr. Dongari worked in Germany for TSE Troller AG. Then he moved to the UK after receiving the prestigious Marie Curie Fellowship.
Dr. Dongari obtained his Ph. D. in Mechanical and Aerospace Engineering in the UK. Currently, he is working as an assistant professor at IIT Hyderabad.
His other prestigious honors include Marie Curie Prize Award, INSPIRE Faculty from Indian National Science Academy, Young Scientist Grant from DST, and Rajiv Gandhi Gold Medal.
How does PuREnergy help clients to generate power? STARTUP CITY asked Prof. Dongari.
" We will scan the existing energy solutions adopted by our potential clients to identify appropriate solar systems for them through our advanced design tools.
Our concepts will achieve significant savings of land or rooftop space requirements, enhance energy yield by 20%, act as a replacement to conventional UPS and DG sets, and enable smart monitoring with the services of data analytics," asserted Dr. Nishanth Dongari, MD of PuREnergy.
AsIndia moves forward with an ambition that seeks to significantly scale up the production of solar power, the PuREnergy team is certain the startup is poised to change the landscape of renewable energy and bring about a disruption in the renewable energy sector.
