Tag Archives: India

3 Super Key Takeaways (for Indian Utilities) from #EUW17

Greetings!

Back from an awesome trip to Amsterdam, i attended my first ever European Utility Week and it was truly an amazing and enriching experience. EnergyTech Ventures was one of the 50 startups present at the Initiate Hub!

As entrepreneurs we often tend to work in silos, event’s like these help us validate assumptions, seek different perspectives (often the ones that are kind of not what we would have ever got earlier) and also understand how different markets behave/operate.

Moving on from personal learning to focusing on India specific takeaways! India is an emerging economy with Utility market place that has been conventional and is now entering a phase wherein things would start to change ( as slow as it might get). With advent of Distributed Energy Resources,  higher penetration of Renewable Energy and Energy Efficiency technologies, the conventional utility business model is up for some challenges ( Decline in revenues, number of customers etc)

In this blog i look at (according to me) key takeaways (perspectives, not essentially items covered at #EUW17) especially in the context of Indian Power Utility space.

  • Services is the way forward, experiment with Startups and engage with customers

Utilities have to diversify and look at selling more than “electricity”. While this message is not something new, the action items below would perhaps be something to think about.

We do need regulatory provisions for utilities to do more, but with engagements with startups they can start to experiment with startups and engage with customers, learn about what’s going to work and what’s not going to work. This might just help them stay ahead of the peer group and be able to position their strategy correctly.

  • Industrial customers need more love (attention)

Any disruption in the demand side is first going to happen (perhaps only) in the “Retail/Residential” consumer segment. Makes it imperative for Indian utilities who have industrial customers to really put on the thinking cap and start to do more with these customers.

Industrial consumers (when happy and serviced properly) and make for perfect hedging strategy. Most of the utilities that have industrial consumers (in India) are “state owned utilities”, does that really say something?

  • Embrace Technology

I was literally amazed by the kind of work that is happening in leveraging technology in the normal work procedures of “Utilities” from using drones to Augmented Reality to Block chain based solutions (DER).

In India we have often brushed aside conversations on these technologies saying that a) It will take ages to come to India b) These are not relevant for Indian markets etc. We just need to embrace these and new technologies find a way to bring them into use, look at solving conventional problems with an unconventional take.

Your take?

Best Regards,

Umesh Bhutoria

How can governments do more with (tons of) Industrial #EnergyEfficiency related Data?

Earlier this month we hosted India’s first Energy Data Analytics Summit in Delhi, where one of the discussions led to some people asking “What can governments do with (tons of) Industrial #EnergyEfficiency related Data?

This question to me has a lot of significance. Just as the way all Governments use Health, Economy, Inflation, Education related data for greater good (social and economical), why treat Industrial #EnergyEfficiency related data differently? While one may argue that there is no precedence, but given the age in which we are living, we are seeing use cases evolve every day.

In this blog i intend to initiate dialogue on two of the use cases for greater use of Industrial #EnergyEfficiency related data and who stands to gain and how?

  • Bench-marking

Hard to believe that most industries/sectors do not yet have correct bench-marking methodology/tools available.  I am using the term “tool” here because industrial processes have a lot of variables and hence one cannot have a “number”, but there is no excuse to have not been able to develop a “tool” yet.

Will the government make the tool? NO. But they can open up the data for other solution/service providers, let them develop applications on it. Innovation can foster.

Contrary to what many believe “opening up data” doesn’t mean that anonymity can’t be maintained, there is no need to share raw data, connected insights/indicators could do a lot of good straight away. Mix of qualitative and quantitative data (derived output from raw data) allows enough room for innovation.

  • Investment Trend & Success

Fact that many governments have been collecting data on Industrial #EnergyEfficiency for over a couple of decades, allows them to keep track of investment trends, returns being yielded, % increase in efficiency YoY, which sector does well and which is lagging etc?

Governance can be simplified drastically if data is put to use. Its happening everywhere, there is no reason why Industrial #EnergyEfficiency has to be ignored. Designing Industrial #EnergyEfficiency policy w/o data points is not worth it.

Some of the other use cases could be:

  • AI driven assistance in Measurement & Verification (Example: PAT Scheme in India currently relies on 100% human driven verification process)
  • Predicting performance, forecasting demand supply situations instruments linked to Energy Efficiency Projects ( White Certificates/ Energy Saving Certificates/ ESCerts (PAT Scheme))

What’s your take on this? Would love to hear from you on “How your Government could do more with Industrial #EnergyEfficiency related Data?”

Regards,

Umesh

 

Discussions, Deliberations and Engagement at India’s First Energy Data Analytics Summit

The Energy Data Analytics Summit 2017 hosted by EnergyTech Ventures at The Claridges, New Delhi, on 8th September 2017 was a grand success. The event saw around 90+ delegates and 15 speakers from reputed organisations take part and have engaging discussions on the Future of Energy Data Analytics in today’s emerging economies.

There were high ranking officials from Businesses like – Coca-Cola, Aditya Birla Group, Welspun, United Phosphorus Limited, Vardhaman; from IoT/IIoT companies like – Bosch, Zenatix, Loudcell; from Development Agencies like – SIDBI, World Bank, IFC, GiZ, Shakti Foundation and from Think Tanks like – TERI, WRI; and NGOs like – Carbon Disclosure Project and The Climate Group; present at the Summit as delegates as well as speakers. TERI, The Climate Group and Inc42 were Supporting Partners to the Summit.

Opening & Key Note Address

Mr. Abhishek Rungta, (Founder & Advisor at EnergyTech Ventures) welcomed the delegates and was followed by the Keynote Address from Mr. Umesh Bhutoria (Founder & CEO at EnergyTech Ventures) who set the tone for the day by speaking about the ‘Why and How of Energy Data Analytics’. He touched upon the importance of Energy Data Analytics in today’s Industrial age and why there is immense potential in the field of IIoT.

Numerous future possibilities like better Resource Productivity, Open markets in terms of data sharing/ value creation, better Governance in framing enabling policies were addressed by him along with some immediate challenges like the need for a single platform, need for collaboration among the various members of the entire IIoT ecosystem.

There were 3 Thematic Sessions and a Fire-Side Chat Session which saw lively discussions from the participants and the audience.

During the first thematic session, the topic addressed was – What would inspire Businesses to invest in an Energy Data Analytics Strategy.

Mr. Jarnail Singh (India-Head, The Climate Group) touched upon the fact the Businesses need to prepare for Climate Change and not treat Climate Change as a Business. He also said that more and more companies are demanding tools that could allow them to understand their data better and hence take decisions towards Energy Productivity improvement targets.

Mr. Nandakumar Sankar (Head-Sales, Energy Solutions and Analytics, Bosch) talked about Industry 4.0 and what kind ROI can Data Analytics bring about for organisation. He also said that they came across a lot of organisations that have either no data or very low data and he feels that can be changed once there is a better understanding of how data can be used and we see an evolution of the use cases.

The second thematic session talked about – How can Data and Technology be leveraged to scale Supply Chain Programmes and reach out to more SMEs.

Mr. Shubhashis Dey (Program Manager, Energy Efficiency, Shakti Foundation) mentioned that Manufacturing SMEs have a multiplier effect on Energy Efficiency Programs if proven to work positively.

This was concurred by Mr. Deepak Krishnan (Manager, Energy program, World Resources Institute) and he added that the trust factor is also very important for SMEs as they need to truly believe that their Data cannot be used by anyone else for their benefit.

Mr. Rajiv Kumar (CEO, ISTSL) also agreed with these views and explained how Data Digitization is helping bringing about easy sharing of this data in a trusted manner. MSMEs can are now being able to adopt and implement Energy Conservation Measures in an easier manner due to various initiatives taken up by various Organizations.

The third session was taken via video call by Mr. Steven Fawkes (Founder of EnergyPro, London). He spoke about – Business Model Innovation in context of Industrial Energy Efficiency and Energy Productivity. One of the most significant message from his presentation was

“There is no market for Energy Efficiency, there is only market for Stuffs and Services”. This is where data and technology play a role in making the conventional markets work in an unconventional way.

EnergyTech Ventures also then announced the launch of the Energy Efficiency Mirco-Services Hub at the end of these 3 sessions. Boost EE is a hub of sector specific Algorithms/APIs that allows Technology players /IoT Platforms to leverage sector specific algorithms, enhance offerings and thus create more value for all Stakeholders.

Currently 20 APIs from across 4 sectors and 6 categories have been hosted on the Hub, EnergyTech Ventures aspires to take the API count to 100 by the end of 2018. 

The final session for the day was the Fire Side Chat which was panelled by Mr. Girsh Sethi (Senior Director, TERI), Dr. Satish Kumar (Ex-Executive Chairperson, AEEE), Mr. Damandeep Singh (Director, CDP-India), Mr. Prabir Niyogi (Chief Executive, RP-Sanjiv Goenka Group), Dr. G C Datta Roy (Founder & CEO, DESL), and Ms. Vandana Gombar (Editor, Bloomberg New Energy Finance).

Mr. Singh spoke about the importance of disclosure when it comes to Energy Efficiency and Clean Energy as large funds companies to document, estimate and make public any environmental risks. Around 6000 companies and 600 cities have disclosed to CDP and how this Data is used for the betterment of the economy as a whole.

Dr. Roy, with over 50 years of experience in the field of Energy spoke about need to take orbital approach in mainstreaming Energy Efficiency as against to the incremental approach being taken currently.

Dr. Kumar postulated that Data is required from the consumption side as well as the production side and Data cannot work in isolation. According to him, Data brings Accountability, Responsibility and finally Action.

Mr. Neogi spoke from the Utility point-of-view and agreed that the economics are changing and utilities have to adapt to the same. The emergence of renewable energy is bringing about a shift in how Utilities conduct their business and what has to be done to keep abreast of the same.

Ms. Gombar from Bloomberg New Energy Finance presented some interesting statistics on how for some development banks spend on Energy Efficiency had surpassed spend on Clean/Renewable Energy.

The end of this session was followed by the final announcement of the next Energy Data Analytics Summit in September 2018 in Jaipur, it’s going to be a 2 day event and we are hoping to have some International flavour to it as well!

Also announced conducting Sector Specific Workshops on Energy Data Analytics under our “AIR Series” Workshops.

For more details one can visit https://haveyouaired.com/ .

Micro Services in #IoT #EnergyAnalytics

Greetings of the day!

A year back i saw a video of Steve Singh, he was talking on the context of "micro-services" and how large technology companies want to leverage that to have more customers and more importantly more revenue/customer.

That's when we started to work on our Energy Efficiency Micro-Services Hub (releasing on 8th September, 2017 on the sidelines of #EDASummit17). We open up our existing IPs (via APIs) as we continue to focus on developing more such IPs.

Interestingly our first #B2B engagement based​ (Cement Sector) on #API pricing has got a green signal. Our efforts of enabling more value creation in the #IoT ecosystem gets a boost and encourages us to continue to take our top of the value chain approach.

I look forward to seeing you at #EDASummit17 and having an engaging discussion. Visit www.haveyouAIRed.com for more details/registration.

Best Regards,

Umesh Bhutoria

Over Obsession with “Savings” will cost your organization dearly! #EnergyAnalytics #EnergyEfficiency

Over obsession with “Savings” starts to cost organisations dearly, anything that does not straight away give X% savings isn’t looked at with interest, potentially ignoring the fundamental value addition it brings in sustaining #EnergyEfficiency or #EnergyProductivity improvement.

Without doubt Savings either in the form energy consumption or cost reduction or a combination, is something that drives decision making process when it comes #EnergyEffciency investments.

To be frank we cannot blame industries entirely for it, i mean that is the way most of products, solutions around #EnergyEfficiency have been sold to them. People have spoken about #ROI, #Payback etc, seldom people talk about aspects like Performance Management, Automated M&V, Automated Reporting & Scientific Budgeting, aspects that have greater impact on organisational and cultural change when it comes to #EnergyEfficiency #EnergyProductivity management.

Some of the forward looking organisations have realized that having a myopic view on ways to improve #EnergyEfficiency #EnergyProductivity will cost them dearly in the longer run. They are looking at driving changes that have a long term vision and an integrated strategy, they are not looking at executing things in isolation. That is going to be the differentiator.

Your thoughts?

Umesh Bhutoria

In the right place at the right time and doing the right things?

We are seeing some amazing momentum in the Energy Analytics markets in India. Quite a lot of companies have been focusing on technology and building platforms, whereas we’ve taken a conscious approach to focus on developing IPs/Algorithms that can work on existing solutions and provide value addition to clients!

As we move to explore sectors like Commercial Buildings and add 2-3 industrial sectors in our list, we believe we are in the right place at the right time and perhaps doing the right things, would you agree?

Click on the LINK to listen to the final podcast, where I share my thoughts on future of energy analytics markets and our approach going forward.

Would be glad to have your feedback/comments/suggestions.

Yours Sincerely,

Umesh Bhutoria 

Impact of #ParisAgreement ratification on Industries.

Last week #TERI hosted #WSDS. It’s twitter timeline was full of amazing thoughts/ideas on what next when it comes to tackling climate change, specifically in Indian context!

Considering that we’ve been actively involved in the Industrial sector, we wanted to sum up some of our thoughts on how Paris Agreement changes Industries thought process on Energy Management and how will Energy Analytics companies react to it?

Check out this video to know about the trends and changes that the markets would see in times to come.

What are your thoughts?

Regards,

Umesh.

How close are we to having a Central Energy Efficiency Data Repository?

For all of us who have been wanting to see an inclusive energy strategy backed by Data, Niti Aayog’s focus on Energy Data Management & decision to set up of an Energy Data Agency comes as a pleasant surprise.

What impact will National Energy Data Agency have on Industrial Energy Efficiency? Will this also lead to setting up a Central Energy Efficiency Data Repository?

In this short video i talk about my take on these questions!

Would be glad to have your thoughts/feedback on the same!

Cheers,

Umesh