STARTUP OF THE WEEK

Decentralised systems, clean energy and digital technologies are changing the way we produce, transport and consume energy. 
Do you want to learn who makes this transformation happen? 

We curate for you weekly innovative startups, which are disrupting energy business of today.

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Our own purpose built platform called Rayven. A fully integrated enterprise IoT solution designed from the ground up for the Internet of things.

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

1. Energy consumption and the increasing costs of energy.

2. Lack of sufficient data in manufacturing to make well-informed decisions.

3. Operational inefficiency.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY?

FactoryOne leverages 4 years of research from 2 universities, a combined 40 years of manufacturing experience, machine learning and predictive analytics to assist decision making, identify process weaknesses and turn them into cost savings. We have the unique ability to show energy consumption as a direct cost of production - per product, per unit. We offer simple subscription service that includes hardware, software, and subject matter expertise.

What are the partnerships that you are seeking?

We are looking for distribution partners e.g. energy consultants, hardware and equipment suppliers, software suppliers - businesses that have existing relationships int he manufacturing industry. Our solution is proven in the real-world, and ready for scale. We are also interested in working directly with manufacturing businesses.

 

 

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Novel cost-effective sensors that can be retrofitted to mechanical seals regardless of brand, a machine learning platform that mines the sensor data for insights near real time, and easy to use software that enables collaboration to increase overall plant expertise through shared asset performance knowledge.

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Unplanned and premature failures of mechanical seals which are responsible for over 80% of pump failures in the oil, gas and chemical industry.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY?

SmartSeal IoT is a cost-effective online condition monitoring service for mechanical seals that generates data-driven performance insights for plant operators/OEMs enabling better decisions sooner regarding risk management, plant operations, and asset maintenance.

What are the partnerships that you are seeking?

We're looking for angel investors and potential customers that are interested to participate in test rig trails in Saudi Arabia starting end of April 2018.

 

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Lack of understanding of energy savings and cost & benefit of solar PV system for self-consumption in Thailand.

 

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Blockchain and cryptocurrency wallet.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY?

We are offering the digital platform www.solarlaa.com which provides the real time simulation and saving calculations for Solar PV system, marketplace and monitoring software and device to track energy consumption behaviour.  We offer DiM tokens via www.digimint.org platform which shall incentivise more participants in energy saving.

What are the partnerships that you are seeking?

We are looking for an anchor investor or an energy-savvy strategic partner such as real estate developers or MNCs.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Megawatt provides energy solutions based on Concentrated Solar Thermal (CST) which generates heat up to 400 degrees Celsius without emissions and practically at zero cost. This system is integrated into existing boilers/heaters/cooling systems to displace fossil fuels and related emissions. Megawatt’s solutions are modular, scalable and field-proven to be the most efficient among competing alternatives. Given the thermal storage capability Megawatt Solutions offers, a fossil fuel displacement of more than 90% can be achieved in certain industries – a global breakthrough leading to an investment payback period for customers of less than 5 years.

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

The use of fossil fuels and other carbon emitting energy sources remains a big problem in the commercial and industrial sectors. Particularly for heating and cooling solutions, this is true for a variety of applications, including waste water evaporation, desalination, sludge drying and others.

 

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Concentrated Solar Thermal which harnesses the sun’s energy and provides high temperatures of up to 400 degrees Celsius at high efficiency.

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Megawatt Solutions is seeking to connect with customers in oil & gas and manufacturing, as well as with investors looking for a company that offers a high-return opportunity and has a solid team and a proven business model in place. Megawatt invites investors to join them in creating the world’s most valuable company for solar thermal industrial solutions.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

To penetrate the market with an immediate value proposition, RESync is targeting systems with solar and diesel generators. Because of multiple energy sources, current systems are operating very inefficiently. Despite generation of electricity by solar, most diesel generators are still left running or turned on and off manually, which means that as much as 30% of diesel is wasted.

RESync foresees that large electricity grids will face similar challenges as more renewables are installed. By collecting huge amounts of energy generation and consumption patterns, RESync Technologies will be in an excellent position to deliver a smart energy management platform for any kind of renewables energy source on any grid size – from a small island to an entire country.

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Even though prices of solar systems have become cheaper than grid prices, there are still challenges in the adoption of renewable energy solutions. One of the primary hindrances is energy management in systems with multiple energy resources such as solar, battery, diesel generator, grid etc. RESync is solving this issue through its energy management platform.

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

RESync Technologies is currently partnering with solar system installers, EPC companies, and solar consultants to bring its product to the market. The company is also seeking partnerships with people who are excited about the energy and cleantech space and who want to RESync the way energy is managed.

RESync’s smart energy controller, consisting of onsite hardware and a cloud based IoT solution, automates multiple energy sources like solar systems, diesel generators, and batteries to work together efficiently. Our advanced algorithms provide up to 30% of diesel savings.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Milk the Sun’s platform consists mainly of three areas, which together cover every aspect of the life cycle of a photovoltaic system.

 (i) The company’s marketplace brings together project developers, plant operators and investors directly to trade operational PV systems or PV projects and rights worldwide. No expensive intermediaries, no inefficiency.

 (ii) Milk the Sun’s professional, cost-free Online-PV-management with secure virtual data room has a clear “not more than necessary, but everything you need” – focus. The company breaks down the management of PV systems to the key information that is necessary to successfully operate and trade PV systems.

 (iii) Milk the Sun is an independent partner for all services in the field of photovoltaics. Its users benefit from professional services of its selected partners – from loan deals and due diligence to system cleaning and technical maintenance.

 

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Milk the Sun addresses the question of how to buy or sell photovoltaic systems without having to get involved with too many intermediaries. The company’s platform offers everything an operator or investor in the photovoltaic market needs - from purchase and operation to a possible sale.

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Milk the Sun is a typical online platform based on state-of-the-art IT with intelligent algorithms and smart data.

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Milk the Sun is looking for owners, developers, EPCs and operators of PV systems worldwide, as well as for private and business investors – individuals or funds/companies/organizations.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Solarite’s systems use advanced technologies in order to ensure durability and reliability of energy supply.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Solarite seeks equity investment with potential investors.

 

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Currently, solar panels have a long return on investment period from 4 years to 10 years while efficiency is in the range of 8 to 17 percent only. Solar panels have low reliability especially in harsher environment which shortens the lifespan of solar modules. Less reliable solar modules produce negative net clean energy which results in more harm than good for the environment. Solarite aims to shorten the return on investment period by increasing the solar cell conversion efficiency.

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

The Solarite (low concentrate photovoltaic) concentrates sunlight at <100x onto the solar cell. The product aims to shorten the return on investment period and to increase solar cell efficiency. Solarite uses a combination of hot mirrors (to remove heat from the sun), cylindrical lenses (to focus sunlight onto the solar cell) and vacuum (as heat buffer) to achieve higher efficiency in energy conversion. In the conversion process, sunlight is reflected from the reflective mirror (primary concentrator) onto the Solarite (secondary concentrator). The Solarite concentrates sunlight onto a strip of high efficiency solar cells to achieve higher conversion of solar energy into electricity. Solarite also uses a single axis solar tracker which makes the system produce consistent energy output throughout the day.

 

 

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Reducing electricity bills in urban India through solar energy.

 

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Solar Photovoltaic and Real Time Data Monitoring.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Our residential solar installation and financing platform is one of the first in India.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

We are eager to speak with stakeholders in FinTech to build on our solar financing platform.

 

WHAT IS THE SPECIFIC PROBLEM YOU ARE ADDRESSING?

Delivery Electric Motorbikes

 

WHAT IS THE UNDERLYING TECHNOLOGY THAT YOU ARE USING?

Electric Brush-less DC motors with big data analytics systems

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Solva provides the market in the GCC with the first ever electric motorbikes for delivery purposes. Solva's market approach is data driven while building a lean business to ensure no future place for piston engine motorbikes in the future.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Investors. Currently we are running a pilot project with 9 of the top companies in Dubai.

 

What is the specific problem you are addressing?

Batteries need to be safe, durable and affordable, with applications for the future of mobility.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

Metal - CNF (Carbon Nano Fiber) composites

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Zeptor makes batteries safer, smaller, lighter, charge quicker and more affordable.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Car-hailing businesses require affordable and quick charge systems when they become self-driving EV in 2020. Hence, Zeptor wants to integrate American innovation and Japanese engineering into business in South Asia.

 

What is the specific problem you are addressing?

Hydrogen is foreseen to be a key player in the energy transition. It is a very promising solution as it can be used in a wide range of sectors. It can be used to fuel mobility or store renewable energy - two sectors where decarbonised solutions are required. However, its uptake is limited by heavy regulations, safety issues and the need to develop a specific supply chain. Our solution is a game changer in this sector. It will lift all barriers that hinders the development of hydrogen applications and thus supporting low-carbon technologies deployment.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

The know-how of HySiLabs is built from two innovations: the "Renewables-to-Liquid" solution which enables to charge with hydrogen a liquid carrier, using renewables. This liquid is stable at ambient conditions and safe, with a similar handling (logistics and infrastructures) as existing liquid fuels. The second innovation, "Hydrogen on demand", enables releasing hydrogen from this liquid on demand, on site, without energy input and without emissions. Our technology maintains the advantages of an energy-dense hydrogen vector without any storage or transportation issues.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

HySiLabs revolutionises the hydrogen delivery market with its unique liquid carrier solution. HySiLabs offers to industrial players in the energy sector an emission-free and handy solution to transport and deliver substantial quantities of hydrogen. This liquid hydrogen-carrier enables to release hydrogen on-demand, with no energy input. The liquid hydrogen-carrier is stable, non-toxic, and non-explosive, enabling the same logistics as conventional fuels.

HySiLabs’ liquid hydrogen carrier has a high hydrogen density, enabling us to considerably reduce the number of trucks needed to supply hydrogen. One truck of HySiLabs' liquid carrier can transport up to 7 times more hydrogen than conventional tube trailers (pressurised hydrogen at 200 bars).

HySiLabs solution is an enabler in shaping this low carbon industries' future and will fully unlock hydrogen potential, disrupting the energy sector.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

The next 18 months will consist of preparing for a pre-industrialisation of the process. Then, a co-development agreement with an industrial partner will be set up in order to implement a pilot plant and be ready for a series A investment in 2020. Thus, HySiLabs is looking for:
- Investors for the next round of investment
- Industrial partners that can bring their expertise in chemical industrial processes and industrialisation
- Industrial partners to implement a pilot plant
- Support and expertise (mentors for eg.) in the following areas: regulations, IP, chemical industrial processes, risk assessment
- Skilled people in chemical, mechanical and project management

 

What is the specific problem you are addressing?

Privately owned combustion engine cars in cities cause huge problems on behalf of the environment, health and quality of life, like carbon dioxide emissions, noise, traffic density and so on.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

Intelligently connected eVehicle-Fleet with the option of battery swapping besides charging by cable.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

We replace dirty and privately owned cars through a downsized and shared eMobility system for cities, which is cheaper, cleaner and better.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Customers and Investors in different countries.

 

What is the specific problem you are addressing?

Neuron is holistically solving the last mile mobility needs for both last mile delivery as well as short distance travelling.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

On the network level, Neuron as the first Singaporean startup supported by Esri, is using ArcGis for geospatial analytics and optimization. On the mobility system, Neuron developed a full suite of proprietary Transport IoT solution that allows us to remotely control the electric mobility device and charging stations in real-time.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Neuron offers a data-driven approach to short distance travel by providing an end to end solution including software, hardware and analytics platform that allows real time monitoring and control of mobility system

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

We are looking for partners and investors to expand the business.

 

What is the specific problem you are addressing?

We aim at facilitating electrical vehicles charging at home or work.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

Back end and Front end app.

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

It is a full service proposal (installation, administrative work for subsidies, back office, automated payments, maintenance and eventually data analytics). It helps car owners switch from diesel or petrol cars to Battery Electric Vehicles or Plug-in Hybrid EVs.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Car manufacturers, Leasing companies, Corporates (EV fleet), real estate, hotels

 

What is the specific problem you are addressing?

Street light control and pan city IoT network.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

GridComm has a span of technologies:

1) Communications: Reliable, redundant power line communications

2 )Hybrid, self healing, adaptible network that incorporates wireless and powerline data communications

3) Digital power supply technology for lighting control

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

GridComm creates a network over power lines and uses this network to connect street lights, automatically controlling lighting levels and implementing predictive maintenance, saving cities millions of dollars in electricity and maintenance costs.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

1) Investors (raising $6M Series A funding)

2) Partners: street light manufacturers, systems integrators

3) Customers

 

What is the specific problem you are addressing?

We help clients switch from diesel, which is expensive, dirty, polluting, to clean renewable solar energy. Our geographical expertise is across Indonesia, especially in remote locations such as island resorts, plantations, and even in city areas where energy is unreliable and still rely on backup diesel generators.  

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

The technology we employ begins with site visits and feasibility studies on the best technologies to use to match the client’s energy situation. We then deploy the most suitable design and equipment to achieve the client’s objective. The technology is best harnessed when the right solar PV equipment, paired with the reliable efficient inverters, and supported by batteries and energy storage solutions (ESS) to deliver the complete clean energy solution.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

We believe our service offering is compelling as we are a one-stop clean energy provider. We handle from start to end, the initial energy analysis, system design, engineering, procurement and construction (EPC), as well as testing, operations and maintenance. What our clients like a lot is our different financial payment schemes which meet client's cash flow requirements, such as monthly instalment plans and even longer solar leasing financing options via power purchase agreements (PPA). 

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

We are looking to partner and support clients who are as equally committed to the UN SDGs and want to be responsible industry leaders and go green. We also discovered that many companies out there may have the renewable energy technology, but do not have the capabilities such as import licenses, permits, financing, manpower supply, to properly execute the projects in Indonesia. This is our strength and you can work with us, the Right People People, to achieve success together. 

 

What is the specific problem you are addressing?

BBP delivers energy savings as a service by using our patent pending technology to optimize existing HVAC systems without undergoing a costly equipment replacement change.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

Our solution relies on advanced controls and analytics to operate existing cooling systems more efficiently.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

We deliver quantifiable energy savings for commercial and industrial buildings at scale. This is done via our optimization system that targets existing HVAC systems without sacrificing comfort and disrupting operations.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Our target market are industrial companies that use a lot of AC or climate control systems for their operations (eg. semiconductor, pharma, electronics etc), district cooling plant operators as well as real estate portfolio owners. We are also seeking for investors that can help BBP scale into our target sectors as well as expanding overseas (eg. South East Asia and Greater China).

 

What is the specific problem you are addressing?

We help commercial as well as community customers to get access to cheaper, cleaner and reliable electricity. Our customers are dependent on dirty and expensive diesel electricity. We add renewable energy sources along with energy storage to convert their diesel assets into renewable microgrids. We reduce their diesel consumption as much as 80%.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

Solar PV, small wind, battery storage (especially lithium-ion) and microgrid controllers

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

We offer 2 products and 2 services which enable renewable microgrids in SE Asia:


Product 1 - "Microgrid as a Product" : We provide a hassle-free turnkey project as a product. Our customers are remote industries like plantations, mines, island resorts and remote communities in Indonesia, Philippines, Myanmar, Cambodia and beyond.


Product 2 - " Canopy Power Remote Microgrid Monitoring & Management System" : This is our proprietary technology. Remote microgrids are notorious for low uptime as response time when the system is down is very high. Our remote monitoring systems allows us to ensure high uptime as we not only monitor the performance but also actively manage (e.g. system restart, set-point change etc) remotely. Data collected through monitoring is analyzed by our data analytic algorithms which help with improving the control strategies dynamically.


Service 1 - "Project Financing" : We provide project financing to our qualified customers through our network of investors. Financing is a key enabler and we are bridging the gap in market by bringing finance along with our innovative technical products and services.


Service 2 - "Engineering Toolkit" : We have developed an engineering toolkit which is used by us as well as our local partners to design and engineer microgrids rapidly - substantially reducing the cost of engineering.
 

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

1. Customers who face high energy costs due to dependency on diesel
2. Customers facing weak grids
3. Investors interested in investing in microgrids in SE Asia

 

What is the specific problem you are addressing?

Electrification of the off-grid population of Southeast Asia

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

Pay as you go solar home systems

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

We distribute and finance pay as you go solar home systems. In other words, we provide rural electrification systems at the household level on a rent to own model. This allows off-grid customers who earn less than 100 USD a month to access affordable, reliable and clean energy with a flexible payment scheme.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

We are currently backed by Uberis Capital and have established relationships with IIX, Kiva and IFC. We are seeking partnerships with both equity and debt investors who will help us accelerate the growth of our active base in Myanmar.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

We are transforming the industry by creating the most easy to use platform for solar developers to provide to their consumers as well as to monitor the technical health of their business.  Our SaaS platform, Andromeda, is a solar monitoring solution capable of integrating myriad sources of data onto a common platform. We believe that this platform empowers developers, EPCs and solar companies to be able to get a real time understanding of their PV system's generation, reduce equipment downtime, and improve productivity.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

We are looking to partner with Solar developers / EPCs and customers of C&I Solar projects. We typically go to market by partnering with such solar developers and scaling up and innovating on features as they get new projects.

What is the specific problem you are addressing?

The greatest problem for solar and renewables is the challenge of software data integration and the high upfront cost of software development. Another challenge is the lack of meta-data and building solar forecasting solutions that enables the solar panel owners to accurate predict their monthly revenue. We aim to provide solution to these challenges.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

We develop the solution using advanced cloud architecture provided by AWS. This provides unparalleled scalability, security, and affordable pricing for our customers. Our hardware solutions are customized according to customer needs, which will be cost-optimized. We have been training our machine learning engine since inception, which will provide productive artificial intelligence insights to our customers.

 

What is the specific problem you are addressing?

We are moving away from the traditional, centralised fossil-fuel power stations towards a hyper local green energy economy - where decentralised micro-generation turns buildings/houses into mini power plants and communities take control of their energy supply. The future of energy is decarbonised, decentralised, digitalised and democratised; which means energy will be produced closer to where it is consumed and we will see more small to mid-size renewable energy projects. Renewable energy investments offer long horizons, predictable cash-flows, diversification, and excess yields. These attributes can align well with the needs of many institutional investors, a group that collectively manages over USD 70 trillion in assets. However, despite this apparent match, renewable energy investment vehicles are not structured in a way that can attract institutional investment especially when it comes to small and mid-size renewable projects. Positive Energy.Community [PEC] through its Social Platform for Renewable Energy Accumulation & Distribution [SPREAD] aims to engage institutional investors in the financing of renewable energy projects to free-up balance sheets of project developers and project finance banks, reduce overall costs, and thereby encourage new investment in the sector. PEC aims at addressing the following roadblocks/ problems when it comes to investing in renewable energy projects:

- Funding of small to medium green capacity project (1 to 20 MW) remains complex and expensive

- Green Energy Assets have long payback and are not liquid (long locked in for investors)

- Risk assessment and management for green energy asset is not mature. Standardised Due Diligence and Asset Rating do not exist.

- Entry ticket remains too high for individuals to have mass participation / investment to build faster green energy capacity

- Soft costs (legal, finance, marketing, project mgmt) represents more than 50% of the project cost for small to medium size capacity projects

We believe SPREAD by leveraging blockchain technology can reduce the soft cost of projects and support and accelerate the financing of new carbon-free capacity.  

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

SPREAD’s most innovative element is the implementation of blockchain technology in a unique way for creating an innovative financial structure (comprising aggregation, credit enhancement, credit structuring) on renewable energy assets in emerging markets for the first time. We are approaching the stated problem by leveraging blockchain technology and tokenization to provide greater transparency, ease of trading, and immutability of information to all stakeholders. Insofar, we are the only organization trying to address the core challenges faced by global investors while financing renewable energy projects.

 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

Of the many challenges in financing renewable energy projects, cost of capital, trading of assets (liquidity) and cost of due diligence of these assets stand out together in terms of their long term impact. Since they are interconnected, we have designed a platform that addresses these challenges and accelerates renewable energy financing. It allows project developers and IPPs (Independent Power Producers) to discover lower cost of capital by showcasing their project to investors across the globe. The due diligence data room on the platform allows the investors and the project owner (developer/IPP) to reduce their 2-3 months’ due diligence process by over 1 month. In addition, investors are able to trade the assets on the platform and gain greater liquidity. SPREAD is a platform which allows pool managers to create pools of renewable energy assets of the same asset class and create a flexible instrument that could encompass a variety of financial structures (similar to a quasi-liquid private bonds - equity/debt), tailored to the renewable energy financing market and to investors’ preference and specific country needs. It could range from simple project debt pass through to a full securitization structure. In general, SPREAD aims to facilitate transactions between institutional investors and project lenders to increase the scale of available financing for renewable energy and reduce its costs.

SPREAD ease the financing of clean energy by leveraging blockchain technology to tokenize green energy assets (Solar, Wind, BioMass, Storage, EV charging infrastructure). These tokens can be leased, sold through the platform in order to reproduce most of the existing market situation (Synthetic PPA and others...). The infrastructure can also support true and virtual micro-Grid deployment. 

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Positive Energy Community self-funded its development so far. We are looking now for 1m€ Seed fund raising and are for investors to help us expand internationally. Ideally our investors would also provide some accelerators to our commercial development (like an initial portfolio of assets that could be listed on SPREAD).  We also want to partner with project developers who would like to finance at best conditions their existing or future projects (between 1 to 20MW). We would then work with them to list their projects on SPREAD and give a chance to our investors (energy & infrastructure funds, family offices) to bid for them. 

We are also looking for a constellation of operational partners able to support us in our development. This could be third parties able to support our investors in the Due Diligence process in different geographies of the world when required (Technical due diligence / credit rating agencies, etc...) ; or financial institutions willing to promote innovative investment products to their clients ; or Social Impact investors looking for new ways to deploy their money in the energy sector.

 

What is the specific problem you are addressing?

BeeBryte is addressing several problems faced by commercial and industrial buildings:

(i) the ever rising electricity bills that slow business down and

(ii) the growing concern of reducing their overall consumption as well as their carbon footprint.

 

WHAT IS THE UNDERLYING TECHNOLOGY tHAT YOU ARE USING?

The technology combines proprietary algorithms, cloud computing, and predictive analytics to offer dynamic energy optimization services fully integrated to the Internet of Things (IoT).

We employ a real-time optimisation algorithm that is based on a unique methodology, for which we filed a 1st patent in March 2016.

We can extract up to 1/3 more savings than competitors like Geli or Green Charge Network.

 

WHAT ARE THE PARTNERSHIPS THAT YOU ARE SEEKING?

Up to now, BeeBryte has been totally funded by the two founders. We are starting a 2m€ series-A fund raising and are looking for investors to help us expand internationally.

After a bit more than year and a half of R&D, we have signed our first contracts in 2017. BeeBryte is deploying its business in Singapore with a beachhead target in the Food and Beverage manufacturing and retail industry, and in the logistics sector. 

WHAT IS YOUR OFFERING AND HOW DOES IT
TRANSFORM/DISRUPT THE ENERGY SECTOR?

BeeBryte is leveraging Artificial Intelligence to make buildings & factories use less electricity and become smarter! We optimize comfort, cost and efficiency. BeeBryte is disrupting the electricity retail business with its Software-as-a-Service controlling in real-time both batteries and heating/cooling equipment (e.g HVAC) to arbitrage on electricity spot markets and reduce utility bills of commercial & industrial customers up to 40%.

We temporarily shift heating/cooling loads and use batteries as energy buffers to (i) desynchronize the purchase of electricity from its consumption in a building, (ii) minimize energy costs without affecting occupants’ comfort, and (iii) maximize any self-consumption from onsite generation (e.g. rooftop Solar PV).

Our suite of services is as follows:
1. “Hive Vision” a new energy monitoring, analysis and diagnostic solution delivered as a SaaS with an easy-to-install box (off-the-shelf sub-meters, IoT gateway & 3G router). 
We empower the building energy manager to (i) better anticipate electricity consumption with real-time data and forecasts; (ii) reduce utility bill manually by following suggested actions to avoid penalties from exceeding contracted capacity; (iii) lower maintenance costs thanks to early-stage anomaly detection.

2. Leveraging the same infrastructure, BeeBryte’s “Hive Optimal” is an add-on function offering an automatic and real-time control of heating / cooling equipment (e.g HVAC, freezers & cold storage systems). Based on weather forecast, occupancy and energy price signals, our software takes care of everything: maintaining temperature within a comfort range set by our customer and optimizing costs & efficiency for up to 40% savings. 
Bundled with third-party financing, “Hive Optimal+” proposes to add an energy storage system (e.g. Tesla Li-Ion battery) controlled by our SaaS to conduct additional real-time price arbitrage, peak power shaving and grid services such as demand-response or frequency regulation.

3. Early 2018, we want to expand our offer with “Hive Supply” and retail electricity to our customers. 
With direct access to the wholesale market (futures + spot) BeeBryte can revolutionize the hedging strategy and significantly reduce the energy purchase costs thanks to the additional real-time control of our customers’ load flexibility (HVAC & batteries) and consequently offer discounted (fixed) utility rates to compete with traditional energy retailers.  BeeBryte is addressing several problems faced by commercial and industrial buildings: (i) the ever rising electricity bills that slow business down and (ii) the growing concern of reducing their overall consumption as well as their carbon footprint.

 

What is the specific problem you are addressing?

Current operation and maintenance process of solar PV farms is inefficient. There are 5% abnormalities under detected by the traditional human scouting method as it is labour intensive and time consuming. Therefore, solar PV farm owners fail to maximize their plant energy yield outputs. In view of the global solar PV energy output of 300 GW, the total potential annual yield loss could surmount to staggering USD 900million. With the advancement of drone, aerial images can be collected at scale but large volume image post-processing and turning data into actionable insights still remains a huge challenge.

What is your offering and how does it
transform/disrupt the energy sector?

The most disruption part of our solution is enabling granular insights to make smarter business decision, which was unable to derive from existing SCADA monitoring. AVA makes use of artificial intelligence algorithms to comb through drone aerial images to identify solar PV panel abnormalities that are yield-diminishing for the plant owner. Actionable insights e.g. defects/location/recommendations are then provided to the client to take remedial actions to avoid further yield loss. Owners earn yield improvement of which would otherwise be undetected for the remaining period of asset life. Based on past trending learnt, AI could perform predictive analysis and suggest preventive maintenance that reduces cost and effort. With the granular prescriptions in place, owners could for example, perform targeted cleanings to area which gets dirtier than normal. This in fact unlocks the first step of smart maintenance. Image what this leads to, an integrated platform with cleaning robots, drone, string data and SCADA to perform targeted task that enabled a smart human-less plant.

What is the underlying technology that you are using?

There are 2 core technologies that we are using. (1) Autonomous drone flight which the drone requires zero experience of the drone pilot to control it and capture the data from the plants with desired quality regardless of terrain and environment. (2) Processing of terabytes of images via Artificial Intelligence. Our algorithm processes tonnes of images to uncover insights such as defects of the plants and do predictive analysis on the plants to understand insights such as soiling intensity over the entire power plant, whether cleaning schedule can be optimized and as such reduce water consumption.

What are the partnerships that you are seeking?

We are looking for (1) Customers who are interested to purchase AVA product & software subscriptions, including Solar PV farm owners, O&M Operators and Engineering Procurement Team (2) Angel investors who would be interested to invest Series A for AVA to proceed with Market/Product Expansions (3) Partners in China, India, Japan and US.