CLEANTECH :

Present and Future in

Indian Perspective

Shaikh Tariq Mobin

Cleantech Sector Overview

Cleantech is any product or service that improves operational performance, productivity,
or efficiency while reducing costs, inputs, energy consumption, waste or environmental
pollution.
Total dollar invested in this sector $ 234.25 M
Major Market Segments include Renewable Energy generation, transmission and
storage, waste management, energy efficiency, sustainable mobility and sustainable
water management.
Most Active Investors are :
Infuse Ventures (Surya Power Magic Pvt ltd, Solarwaale.com, Aspiration Energy,
Reconnect Energy, GIBSS, Karma Recycling ).
Villgro (Promethean Power System, Simpa, Ecozen, Sustain Earth).
Aaviskar (Lets Recycle, NEPRA, Vana Vidyut Pvt Ltd).

Market Landscape
Renewable Energy
Production
Generation and
Transmission

Renewable
Energy

Waste
Management

Sustainable Water
Management

Sustainable
Mobility

Waste Logistics

Energy
Analytics

Water
Procurement
and Treatment

Alternate Fuels

Recycling

Green
Buildings

Efficient water
utilization

Mobility
Management

Waste to
Energy

Efficient Air
Conditioning

Water
Distribution

Alternate Drive
Train

Energy Storage

Smart Grids

Energy Efficiency

* Sustainable Water Management and Sustainable Mobility is not included in this case study.

Summary of Key Business Model

Model

Category

Description

Illustrative Company

Involves Generation, Transmission and Storage of Energy

Husk Power, Simpa Network

Renewable Energy

Production of electricity using solar, wind, small hydro and biomass

Azure Power, Sun Terrace

Energy Storage

Storage of energy for later use

Deeya Energy, SustainX

Smart Grid

Using intelligent system which can communicate within grid components

Ecolibrium Energy, Gram Power

Management of waste including collection, segregation, recycling and

disposal

Banyan nation

Waste Logistics

Collection and Segregation of Waste

Lets Recycle

Recycling

Extracting materials from the waste

Attero Recycling

Waste to Energy

Utilizing waste to generate electricity

Green Power Systems

Using technology to increase energy efficiency

Toro Cooling Systems

Energy Analytics

Using analytics to understand the energy usage

Bidgely

Green Buildings

Environmentally responsible and resource efficient method of construction

Surmount Energy

Efficient Air Conditioning

Efficient air conditioning system to reduce energy consumption

GIBSS

Managing the distribution and treatment of water in a sustainable manner

Rite Water

Water Procurement and treatment

Making treated water available to consumers

Sarvajal

Efficient Water Utilization

Utilising water in an efficient way

Next Drop

Water Distribution

Distribution of water among consumer

Drink Well

Sustainable Transportation system

Mahindra Reva

Alternate Fuels

Using green and less polluting fuel

Ather Energy

Alternate Drive Train

Hybrid drive train to increase efficiency

Revolo

Mobility Management

Utilisng available mobility solutions efficiently

Bla Bla Car, Lyft

Renewable Energy Production

Generation and Transmission

Waste Management

Energy Efficiency

Sustainable Water Management

Sustainable Mobility

Renewable
Energy

Waste
Management

Renewable Energy Production,

Transmission and Storage
Renewable energy is the energy derived from naturally replenishapable sources
and produce no or negligible green house gas emission.

Renewable Energy
Energy
Transmission

Production
Energy
Storage
Solar

Wind

Small
Hydro

Biomass

Smart
Grid

Classification of Renewable Energy

Micro
Grid

Installed Renewable Energy

Capacity in India

Energy
Efficiency

Renewable
Energy

6
5.1

4.75

India is expected to break into global top 5 solar power

producer in 2015 in terms of capacity addition.
India has a target of achieving 100 GW of solar energy
installation by 2022.

4.68
4.16

3.81

3.63

3.61
2.9

3
2
1
0
India

Spain

USA

Australia

Italy

Japan

China

Germany

Projected Capacity Addition in 2015

16

Capacity Addition ( in GW)

Increasing cost of conventional electricity and decreasing

solar energy cost.

Irradiation (kWh/m2)

Energy demand will rise in India because of :

Average peak power deficit for last 9 years.
Low average per capita consumption.
High growth and changing lifestyle.
Unavailability of conventional fuel and problems
associated with it.
High dependence on imported fuel.

Energy
Efficiency

Average Solar Irradiation in Leading Market

Market Potential - Solar

India has the highest irradiation among leading markets
i.e. 5.1 kWh/m2

Waste
Management

14.6

14
12
10

8.4

8
6
4
2
0

3.2

2.7

2.5
1

0.8

0.8

0.8

Renewable
Energy

Waste
Management

Positive Drivers - Solar

Provisions for Renewable Purchase obligation and Renewable energy Certification; and its strict
implementation.
Demand for New Power generation capacity.
Stimulus by various Central and State Government Solar Policies.
Grid Parity of commercial consumers in many states.

Net metering guidelines for rooftop solar installation.

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy
Efficiency

Positive Drivers - Solar

Capacity Addition Projection

Grid Parity of Commercial Consumers in Different States

Source : Bridge to India Indian Solar Compass, 2015

Source : Bridge to India Indian Solar Compass, 2015

Renewable
Energy

Waste
Management

Start Up Overview - Solar

Total dollar invested in this sector - $ 182 M.
Major Market Segments include Solar Power Plants, Consulting, Solar Products and Solar
Marketplace.
Most Active Investors are :
Infuse Ventures (Surya Power Magic Pvt ltd, Solarwaale.com, Aspiration Energy, Reconnect
Energy).
USAID (Mera Gao Power, Gram Power, Promethean Power System).
Villgro (Promethean Power System, Simpa, Ecozen).

Energy
Efficiency

Renewable
Energy

Market Landscape

Waste
Management

Solar Energy
Solar Power Plant
$44.1M

Engineering,
Procurement and
Commisioning (EPC)

Solar Products

Solar Refrigeration

Consulting

Solar Telecom

Solar Microgrid
Solar Rooftop

Wearable Solar

$1M

Solar Home Lighting

Kit

Solar as a
Service (SaaS)

$2M

$ 5.1 M

$40.3M

Solar Light

Solar Irrigation
$ 2.1
M

$ 85 M

$1.6 M

$0. 2
M

$0.81M

Solar Training

Solar Marketplace

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy
Efficiency

Wind Energy and Small Hydro Overview

Hydro Electric Plants less than 25 MW capacity are classified as Small Hydro Power Plant.
SHP have lots of potential in electrifying
remote mountainous villages in Himalayan
and North Eastern Region because of
presence of numerous small perennial
streams.

Technology

Potential (MW)

Wind

102,800 (80m Hub height)

Small Hydro

19,700

Wind power constitutes 66 % of Renewable

Energy mix with 22465.03 MW of installed
capacity.

Wind Power Category

Target (MW)

Utility Scale (On Shore)

58,000

Off Shore Wind

1,500

National Wind Energy Mission plans to

enhance the wind energy capacity to 66000
MW by 2022.

Distributed Power

500

Wind and Small Hydro Potential in India

Source : Ministry of New and Renewable Energy

National Wind Energy Mission Target till 2022

Source : Ministry of New and Renewable Energy

Renewable
Energy

Waste
Management

Positive Drivers Wind and Small

Hydro
National Off Shore Wind Energy policy is in process of finalization which would open a new
avenues for Wind Energy Generation.
Various stimulus is being provided by the government in terms of subsidy, accelerated
depreciation and generation based incentives.
Off grid use of wind energy is being promoted through schemes on Small Wind Energy and
Hybrid Systems.
Small hydro is become a very important method for electrifying remote mountainous villages and
hamlets.
SHP is being encouraged through Remote Village Electrification Program for electrifying villages
where grid connectivity is not economically feasible.

Energy
Efficiency

Renewable
Energy

Waste
Management

Smart Grid - Overview

Smart Grid is a modern grid that utilizes digital information and communication technology to
gather and act on information such as supplier and consumer behavior in an automated fashion
to improve efficiency reliability, and sustainability of production and distribution of electricity.
Why Smart Grid ?
Reduction in Transmission and Commercial Losses.
Demand forecasting, response and dynamic pricing.
Renewable energy sources and distributed generation integration.
Asset management and real time equipment monitoring.
Increased Quality of power.

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy
Efficiency

Positive Drivers Smart Grid

Smart Grid Task force set up by Ministry of
Power for implementation of smart grid.

India has one of the highest transmission

losses in the world i.e. 26.29 %.
Prosumer (producer and consumer)
enablement.
Draft Net metering policy by many State
governments.
Thrust by government for reduction in green
house gas emission and loss reduction.

Transmission Loss
Luxembourg (1)

1.42

Zambia (7)

3.97

Germany (20)

5.6

China (29)

6.32

USA (30)

6.39

Bangladesh (39)

9.49

Ethopia (41)

10

Egypt (66)

12.16

Sudan (90)

15.63

North Korea (92)

15.81

Sri Lanka (101)

16.85

Nepal (110)

19.49

Pakistan (118)

24.58

India (119)

26.29
0

10

15

20

% of electricity lost in transmission

25

30

Renewable
Energy

Waste
Management

Micro-Grid Overview
Micro-Grid is a decentralized grid in which energy production, transmission and consumption is
carried out in a very small geographical area.
Advantages of Micro-Grid :
Low transmission loss.
Suitable for remote areas.
Power generation mainly through renewable energy sources such as solar, small hydro, and
biomass.
Mostly DC network

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy Storage - Overview

Energy Storage is the process of storing energy during off-peak time or when production is
possible and use the stored energy during the peak time.
Need for Energy Storage :
Unreliable and periodic nature of Renewable Energy Sources.
Unreliable Grid Power which creates a need for power back up system.
Need for power storage during natural calamity.
Grid stabilization during power fluctuation.

Energy
Efficiency

Renewable
Energy

Waste
Management

Start Up Overview Transmission &

Energy Storage
Total dollar invested in this sector $ 8.2 M

Major Market Segments include Smart Grid, Micro Grid, Energy Storage.
Most Active Investors are :
Infuse Ventures (Ecolibrium Energy).
USAID (Gram Power).

Energy
Efficiency

Renewable
Energy

Market Landscape

Waste
Management

Wind, Small Hydro, Transmission and Energy Storage

Transmission

Smart Grid
Ecolibrium Energy
Kalkitech

Wind and Small Hydro

Orient Green Energy
Renew Power
Continuum Wind Energy
V Ener Tech

$ 1.6 M

Micro Grid
Gram Power
Husk Power
Mera Gao Power
Gram Oorja

Energy Storage

Deeya Energy

$ 6.6 M

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy
Efficiency

Waste Management
Waste management is the process of collection, transport, treatment and
disposal of waste.

Urban Waste

Waste Logistics
Liquid
Waste

Solid Waste

Recycling

It involves collection and segregation of waste.

Composting of Organic Waste.

Material recovery from recyclable waste.

Municipal Solid Waste

Electronic
Waste
Treated
Biomedical
Waste

Residential
Waste

Industrial/
Commercial
Waste

Industrial
Hazardous
Waste

Classification of Solid Waste

Sewage
Water

Waste to Energy

Bio-methanation to produce biogas and compost.

Incineration to produce power.

Major Business model

Renewable
Energy

Market Potential

Waste
Management

Investment forecast for composting and waste to energy

Waste Generation in India would increase because of

following factors :
Increase in Urbanization.
Increase in Income Level.
Changing Consumption Pattern.
Increase in average discard/replacement rate.
As per a research by ASSOCHAM cKinetics, value out
of waste (VOW) is expected to touch $1.5 billion by
2017 in India from the current level of below Rs 6,300
crore ($1 billion).
Analysts forecast the E-Waste Market in India market
to grow at a CAGR of 26.22% over the period 20142019.
Growth in Urbanization and Waste Generation in India

Energy
Efficiency

Renewable
Energy

Waste
Management

Start Up Overview Waste Management

Total dollar Invested in this Sector $ 34.5 M

Major Market Segment include Waste Logistics, Composting, Recycling, and Waste to Energy.
Most Active Investors are :
Infuse Venture Fund (Karma Recycling, Revive e-Waste Management).
Aavishkar (Lets Recycle, Vana Vidyut).
Villgro ( Sustain Earth, First Energy).

Energy
Efficiency

Renewable
Energy

Waste
Management

Market Landscape
Waste Management
Waste Logistics

Recycling
$ 28.6 M

$5M

E-Waste

Service

Attero Recycling
Earth Sense Recyclinng
Ecoreco

Karma Recycling
Banyan Recycling
Lets Recycle
Greenobin
Waste Ventures

Waste to Energy
$ 0.45 M

Machinery
Vermi Gold
Daily Dump
Green Nerds

$ 0.04
M

BioMethanisation/
Bio-charcoal
Green Power
System
Sustain Earth
VisViva

Incineration
Timarpur-Okhla
Waste
Management

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy Efficiency
Most important part of the entire Energy Supply chain is the consumption.
Energy Efficient appliances can help in reducing the demand for energy production and
transmission.
Energy Efficiency can be divided in the following manner :
Energy Analytics.
Green Buildings.
Efficient Air Conditioning.

Energy
Efficiency

Renewable
Energy

Waste
Management

Energy Analytics - Overview

Energy Data Analytics analyses the energy usage data and provides insights to the customer and
the utilities about the energy usage pattern and recommendations on how to save energy.
Factors helping in the growth of Energy
Analytics :
Growing Energy Demand.
Need for greener environment.
Consumer Demand to know their Energy Use
Pattern.

Maximum Growth rate is predicted in the Asia

Pacific region because of aggressive smart grid
deployment by China followed by North
America and Europe.

Energy
Efficiency

Renewable
Energy

Waste
Management

Green Buildings - Overview

Green building is a structure created using processes that are environmentally responsible and
resource-efficient throughout a building's life-cycle including design, construction, operation,
maintenance, renovation and deconstruction.
Residential Buildings are 2nd largest consumer of electricity.
It has been made compulsory for every government buildings in India to have Green Building
Certification.

India already has over 1 Billion Sq ft of registered green buildings in India.

With 2380 registered green building projects in India, India is among top 5 countries in World
spreading green building movement.
Smart City and Atal Mission for Rejuvenation and urban transformation (AMRUT) initiative also
encourages Green Building Development.

Energy
Efficiency

Renewable
Energy

Waste
Management

Efficient Air Conditioning - Overview

Air conditioning amounts for 40% of the total building energy consumption.
To be eligible for green building certification, energy efficient air conditioning is mandatory.
Bureau of Energy Efficiency (BEE) has come out with star ratings for energy efficient air
conditioning.
Green techniques such as Geo-thermal air conditioning can drastically reduce the energy
requirement.

Energy
Efficiency

Renewable
Energy

Waste
Management

Start Up Overview Energy Efficiency

Total dollar invested in this sector $ 9.55 M.

Major Market Segments include Energy Analytics, Green Building and Efficient Air Conditioning.
Most Active Investors are :
Infuse Ventures (GIBSS)
Khosla Ventures (Bidgely)

Energy
Efficiency

Renewable
Energy

Waste
Management

Market Landscape
Waste Management
Green Buildings

Energy Analytics
$ 9.2 M

Bidgely
Flutura Solutions
Loudcell
Algo Engines
Zenatix Solutions
Green Cosmos

Surmount Energy
Design to Occupancy

Efficient Air COnditioning

$ 0.35
M

Green India Building Systems and Services

(GIBSS)
Toro Cooling Systems

Energy
Efficiency

Conclusion
There is an overall positive environment for the growth of Cleantech Sector in India.
The Solar energy sector will see tremendous growth in both utility scale solar and roof-top solar.

Many start ups may not emerge in the utility scale solar due to very high capital investment, but there
are many emerging start ups in Roof Top solar, Solar Consulting, Market Place and Distributed Energy
Generation such as solar irrigation, home lighting system and micro-grid.
Wind and Small hydro would see growth in the coming years with large scale capacity addition but
many start ups may not emerge because of high capital investment

Smart Grid and Energy Storage are at very nascent stage. But in coming years a lot of activity will be
seen in these sector with new start ups coming in this space.
Waste Management will also ride a growth curve because of Smart City, AMRUT and Swatch Bharat
Mission. This sector will also see new start ups coming in the entire value chain including waste
logistics, recycling and waste-to-energy.
Energy Efficiency sector is seeing a tremendous growth with Energy Analytics emerging as the front
runner with many new startups and established companies entering the sector.
Green Buildings and Efficient Air Conditioning sector will also see growth with the coming of new
government regulations and stricter Green Building Norms.

Thank You