refrigeration & air-conditioning - vienna energy … · may 9, vienna nitin goel, phd...
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May 9, Vienna
Nitin Goel, PhD
Co-Founder & Chief Operating Officer
www.inficold.com
World’s 1st Retrofittable Thermal Energy Storage for Refrigeration & Air-Conditioning
Problem Statement Peak demand-supply gap in electrical grid exists & expected to worsen in near future
2 Inficold Confidential
Load Shedding
• India loses 25% of its food
• 90 GW Installed Diesel Generators
Solar Proliferation
• Storage imminent with solar
• Electric batteries make solar costlier than grid
Peak Power Tariffs
• Managed by gas peaking power plants in developed world
• TOU* rates prevalent with even free night tariffs
Ice storage common across the world for custom engineered large-size AC applications (1GW installations in USA)
Off-the-shelf storage solution for small commercial & residential applications has immense potential
*Time of the Use
Burj Khalifa Taipei 101 Bank of America Rockefeller Center Goldman Sachs
Patented Architecture (2 Patents underway) Most efficient & compact energy storage
AC Cold
Storage Reefer Truck
50-150 $/kWhe Capex against ~300 $/kWhe Electric Battery
15 yrs Life against ~5 yrs for Electric Battery
Milk Cooler
3 Inficold Confidential
Solution: Inficold Thermal Storage A retrofittable & low cost energy storage solution for existing / new refrigeration & AC systems
Platform technology with broad applicability
Discharging
Charging
Direct Cooling
Market Potential* Addressable Market of $ 4 billion Refrigeration / AC Products in India
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Cu
rre
nt
Fo
cu
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Modular Cold Storages
Bulk Milk Cooler
$ ~1.5 billion
$ ~2.5 billion
$ ~1 billion
Split Air Conditioners
Po
ten
tia
l U
ps
ide
s
Load shifting Walk-in freezers & AC for USA
($ ~10 bn market)
Refrigerated trucks for short-hauls in
India ($ ~1 bn market)
Inficold Confidential *Total addressable market for Inficold’s energy storage system
• Farmer stores 5MT of baby corn at 4oC for exports
• Power availability is 10-12 hours every day
• Back up provided via a 7.5 kVA diesel generator (DG)
• Inficold system requires 8hrs of electricity anytime of the day for cooling backup for up to 24 hours
• Inficold obviated the usage of 7.5 kVA DG set resulting in daily savings 20L of diesel
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System Pilot Case Study – Farm Level Cold Storage Inficold resulted in an annual diesel savings run-rate of ~ $ 7,000 for a Farmer
Business Context
Action & Results
Inficold Confidential
Funding/Grants ($800k till date with $500k committed in next round of funding)
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Customers/Partnerships
Three Year Impact – Over 1 Million People
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939 BMCs
685M Liter
Milk/Yr
100,000 Farmers
500,000 Family members
Diesel saved: 8.7M L/Yr
939 BMCs
370 MT/Yr
Produce
125,000 Farmers
614,000 Family members
Sale of Bulk Milk Coolers ~ 2000 Sale of Modular Cold Storages ~ 2000
Diesel saved: 15M L/Yr
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Thanks
Best social impact oriented early stage venture at Wharton
San Francisco Social Impact Conf, 2016
Platinum Awardee (among 800+ companies) at NEW ENERGY global
cleantech startup fest - 2016, Kazakhstan
Finalist at the Indian chapter of Global Cleantech Innovation
Programme, 2016
Top 5 Indian social enterprises (among 300+ companies) at
Action for India, 2017
www.inficold.com
Email: [email protected]
GCIP Assistance
• Comprehensive training sessions helped us in
– Crystallizing the business plan
– Making our investor deck more crisp
• Made connections with mentors & potential partners
• Got us connected to multiple Venture Capitalist Firms
• Received publicity and exposure at various events
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