impact report 2016

BUILDING SUSTAINABLE SOLUTIONS FOR INDIA

Impact Report – FY16

Helping entrepreneurs create a sustainable India

The Genesis The Government of India’s Ministry of New and Renewable Energy gave IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) the mandate to develop as a Centre of Excellence in promoting sustainable energy entrepreneurship. MNRE, BP, IFC and Technology Development Board joined in as founding members of the vehicle to implement the mandate – Indian Fund for Sustainable Energy (INFUSE). We were privileged to be launched by the current Hon. Prime Minister Shri Narendra Modi and former Minister of New and Renewable Energy Dr. Farooq Abdullah.

The Fund + Ecosystem Building Approach

We set-up Infuse Ventures as a fund and ecosystem aimed at bridging the key gaps that exist in sustainability-focused entrepreneurship ecosystem. Infuse not only provides equity funding to startups – but also provides mentoring, acceleration guidance, prototyping grants and catalytic debt for rural ESCOs. The Fund + Ecosystem approach helps Infuse build better pipeline and industry connects.

We believe that promoting entrepreneurship in a sun-rise sector like clean-tech requires active market-making efforts to unlock opportunities that can be leveraged by entrepreneurs. We have very actively engaged with the Government and multi-laterals in unlocking new opportunities -

Market Making

Policy Interventions •  CIIE actively engaged with the Ministry of New

and Renewable Energy (MNRE) to become a Program Administrator for off-grid projects of National Solar Mission – facilitating subsidies for small solar entrepreneurs who would otherwise would not qualify for support

•  Infuse engaged with MNRE to enable startups to participate in the NABARD Solar Pumps scheme.

•  Infuse and our portfolio company helped MNRE create a geo-cooling policy; streamlining of permissions required for setting up of geo-cooling projects

Catalytic Facility & Debt Fund •  Debt continues to be the biggest missing link

for solar-based mini-grids focused on rural India. CIIE partnered with Rockefeller Foundation to provide debt to 30+ solar mini-grid projects

•  Infuse has seed-funded cKers – positioned as India’s Energy Development Finance Corporation; aimed at being an NBFC to finance renewables and resource efficiency based projects.

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We pioneered the concept of accelerator in the sustainability space in India. The accelerators are aimed at identifying idea stage startups in the sector and helping them validate their ideas through active mentoring and networking support.

Ground Breaking

PowerStart & New Mobility Accelerator •  We set-up PowerStart as a unique 3-month

accelerator program to support ideas at an early stage and strengthen the pipeline for investments from Infuse. We have been actively supported by ADB for this.

•  PowerStart supported over 30 fledgling startups through extensive mentoring and networking support – and inputs on business model, market and policies.

•  We have expanded the PowerStart model to the Sustainable Mobility space and running the New Mobility Accelerator with WRI.

Seed Support •  Through support of MNRE and Seed Capital

Assistance Facility of ADB & UNEP, CIIE has supported over a dozen seed-stage ideas with grants – otherwise not available to these startups.

•  Prototype development, pilots, feasibility analysis, customer validation etc are some of the aspects that have been supported through the initiative.

•  15 grants and 10 seed-investments made

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PORTFOLIO IMPACT

Fourth Partner is a leading Renewable Energy Services Company (RESCO) providing services for solar projects including Financing, Engineering, Project installation and Post installation support. It aims to build, develop and manage a large operating portfolio of decentralised solar power assets across India.

74 jobs since inception

2,50,000+ trees equivalent CO2 offset

6+ million kgs CO2 reduction

1,20,000 rural lives impacted through better

access to energy till FY16

2500+ tonnes coal saved

6+ million units of electricity generated

450+ Solar installations till FY16

10+ million liters of water saved

Note:DataforFY16

FOURTH PARTNER ENERGY

Client Footprint

A Hyderabad based manufacturer of high end electronics products wanted to reduce energy costs at their manufacturing facility and make their campus eco-friendly. Fourth Partner installed a grid connected rooftop solar power plant of the size of 252 kWp. It was one of the largest rooftop installations in Hyderabad and was completed in just 2 months. The installation offsets 14000+ Kgs of CO2 every year which is equivalent to planting 600 trees annually. In addition there will be water savings of 24000+ liters on an annual basis.

Key Clientele

FOURTH PARTNER ENERGY

Case Study

15-20% water savings per MT of Fabric produced


10-15% time savings per MT of fabric produced

18% energy saved per MT of fabric

produced

30%+ reduction in effluent load

300+ million liters of water saved

4+ million kWh of energy saved

40,000+ kgs of hard chemicals

avoided

Proklean is in the business of chemical replacement products, for industries like leather processing, textiles and hospitality, under the brand name Proviera, manufactured using a proprietary technology. Its products are 100% natural, non-toxic and bio-degradable.

PROKLEAN TECHNOLOGIES

Note:DataforFY16

Key Clientele

Case Study Client Footprint

A textile manufacturer started using Proviera products in the knits and yarn processing. For every MT of yarn processing, the following benefits were seen – (i) No. of baths reduced from 8 to 6, (ii) reduction in processing time by 30 minutes, (iii) reduction in energy consumption by 175 KWh and (iv) savings of 12000 liters.

“The product is very effective. We used it on the tiles and flooring and it looked brighter and cleaner with a nice fragrance. The water marks on the tiles also vanished. I would like to mention that product is very good and much better than other cleaning materials.” - General Manager, Harrison Hotels, Chennai

PROKLEAN TECHNOLOGIES PROKLEAN TECHNOLOGIES

4000+ devices installed

12000+ nodes monitored real-time

100+ million data points captured daily

1200 MW of power managed for customers

500+ plants/sites serviced

Up to 25% energy saved by customers


15+ sectors serviced

Ecolibrium provides an energy management platform enabling industrial/commercial customers to integrate renewables, track and optimize their energy sourcing and consumption and implement electricity cost saving strategies.

Note:Cumula5vedataattheendofFY16

ECOLIBRIUM ENERGY

Key Clientele

A leading pharma company installed SmartSense to access 77 energy and temperature data points from plants across India. Ecolibrium’s solution helped in managing peak demand, lowering maintenance costs and optimizing electricity bill, with an ROI of less than 6 months. The solution also helped in identifying compressor leakages & monitoring of chiller efficiency, resulting in savings of ~10%.


A market leader in casting products implemented SmartSense at their production facility to optimize their power purchase costs. It resulted in streamlining of their bidding process and also enabled analysis of their power consumption trends. They were able to generate net benefit of more than INR 9.5 Lacs in just one month.

ECOLIBRIUM ENERGY ECOLIBRIUM ENERGY

350+ customers serviced

7+ GW wind & solar forecasting

portfolio

2.2+ GW RE projects under

management

1.9+ million REC trading facilitated in FY16

40% REC market share

57 million units of RE power facilitated in FY16


REConnect provides comprehensive solutions for various aspects of renewables including REC, RPO, forecasting & scheduling for wind/ solar, and energy portfolio management. It enables easier purchase of renewables, greater predictability and optimization of energy mix for producers and consumers.


RECONNECT ENERGY SOLUTIONS

Key Clientele

REConnect helped one of India’s largest cement companies to understand and manage their RPO liability. Services include energy advisory, REC trading (~65,000 RECs - equivalent to 65 MUs) and procurement of green power (approx. 3-4 million units) for more than 15 locations all over India. The energy strategy developed and executed by REConnect resulted in energy savings of INR 1.15/Unit (i.e. INR 35 Lacs annually).


REConnect is working with the State Load Dispatch Center of a state with one of the largest RE capacity in the country to accurately forecast and schedule >4000 MW of wind power. Custom made algorithms were developed and a state-of-the-art solution was delivered.

RECONNECT ENERGY SOLUTIONS RECONNECT ENERGY SOLUTIONS RECONNECT ENERGY SOLUTIONS

75,000 liters of diesel saved

2,00,000+ kg of CO2 avoided

40+ jobs since inception

50%+ direct savings

in operating cost

INR 25,00,000+ saved in operating cost

Indirect Savings by reducing maintenance

cost

100+ units installed at the end of FY16

10,000+ tons of food transported

TESSOL (Thermal Energy Service Solutions) uses thermal energy storage technology to provide transportation as well as stationary storage solutions using the cold plates technology. It sells its product under the ‘Plug n Chill’ brand name.

Note:DataforFY16

TESSOL TESSOL

Key Clientele

A large multinational poultry player in Mumbai was previously using ice to transport chicken to different locations and the ratio of meat and ice was around 1:1. This meant they were able to transport only 600 kgs of meat in a 1200 kg payload capacity. With the use of PLUGnCHILL, operating cost of refrigeration has been reduced to a sixth, with an additional benefit of increase in carrying capacity of chicken up to 800 kg.


“We have been able to lower our operating cost because of no usage of diesel to run it anymore as well as lesser electricity consumption while on standby mode. On an average trip we have analyzed 55% reduction with respect to traditional cost per truck per day.”

- Monginis

TESSOL


400+ million no. of events captured in

FY16

15% - 20% improvement in Overall Equipment Effectiveness (OEE)

150+ villages connected for real time grid

monitoring project

20+ countries from which data is captured

daily

90+ enterprise accounts being serviced

Altizon is an Internet of Things (IoT) company working towards enabling smart-grid, remote equipment monitoring and industrial resource optimization.


ALTIZON SYSTEMS

Key Clientele

Case Study Client Footprint A leading auto component manufacturer wanted to track Overall Equipment Effectiveness(OEE) in real-time to improve throughput and efficiency of assembly line and plant. Altizon provided a solution with custom visualization dashboards to analyze throughput and equipment efficiency which led to 20% improvement in machine utilization and the company was also able to calculate true OEE and perform real time analysis of machine downtime.

A Non Profit Organization that works in the energy sector wanted to build a low cost energy monitoring appliance for hundreds of villages/towns across India to understand the real power situation. Altizon provided an end to end solution using its IoT platform (Datonis) for all the connected devices. The solution consisted of a smart energy meter with a SIM card slot that accurately measures voltage and provides customized data to the customer’s secured account.

ALTIZON SYSTEMS ALTIZON SYSTEMS


2500+ hectares of land irrigated

10+ million kWh of electricity saved

annually

500+ solar pumps installed

20+ million liters of water pumped

Surya Power operates in the area of promoting sustainability in agriculture through solar water pumps and farm mechanization services. They have a unique business model that has accelerated offline adoption of solar water pumps by increasing farmer’s access to subsidy and credit thereby enhancing affordability of the solution.


SURYA POWER MAGIC (GOLD FARM)

Mr. Balamurgan, a farmer of Theni, Tamil Nadu installed an SPM 750 borewell (installed capacity of 7.5 HP powered by solar) for drip irrigation in his 12 acre land for sugarcane crop. The rated output of the system is 2.5 – 3 lac liters a day. He was able to achieve net average annual yield of 40 MT per acre against Tamil Nadu’s average of 35 MT per acre.

Case Study

Client Footprint

Mr. Thangamuthu, a farmer of Trichy, Tamil Nadu installed an SPM 300 openwell (installed capacity of 3 HP powered by solar) for micro irrigation in his 5.5 acres land for banana crop. The rated output of the system is 2.5 – 3 lac liters a day. He was able to achieve net average annual income of INR 2.5 Lacs per acre against Tamil Nadu’s average of about INR 1 lac per acre.



Centre for Innovation Incubation and Entrepreneurship IIM Ahmedabad, New Campus Vastrapur, Ahmedabad – 380015 Infuse: www.infuseventures.in

fostering innovation driven entrepreneurship

This report is for general information purpose. The information in this report is based on data and information shared by the companies. The map of India used is based on the map provided by the Presentation Magazine website. We would like to acknowledge various authors of Flaticon for the icons used in the report.

impact report 2016

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