“Additional support in the form of Incubation Centers and Ease of Doing Business can be helpful”
Number of schemes for new entrants under the Start-up India initiative has been set up, primarily in terms of funding, tax breaks and rebates. Additional support in the form of Incubation Centres and Ease of Doing Business can be helpful. Some of the best steps could be – spreading more awareness about schemes launched, e-governance and reducing bureaucracy & government interference. For example - GST registration requirements for 3 years has already been removed. Besides, more focused approach will be required towards – funding low cost innovation, easy loan process, single window to process all documentation work, tax relaxation etc. In an exclusive interaction series with startup companies in the energy sector, Manu Tayal, Associate Editor, Energetica India, interacted with Nitin Saxena, Founder, ALBJ Green Power. Here’re the edited excerpts from that interaction
“Brief introduction about ALBJ Green Power”
ALBJ Green Power was founded in May 2019 with a goal to contribute towards clean, shiner and bright future for all. The company’s current headcount is 15, with which it has developed a unique power generation technology solution, for which it had applied for Patent rights as well. It’s power generating machine called “Yunay”, name has been derived from Sanskrit, which means atmosphere.
Through this innovation, the company targeted B2B and B2C market segments by bringing multi-fold cost cutting in power generation and Zero air pollution simultaneously.
It’s vision is to deploy power plants which can generate electricity at zero fuel cost and 100 per cent pollution free which are efficient to coal and hydel power for B2B market and at the same time to build power generation boxes for home and commercial purposes which can generate electricity ‘24X7’.
“Details about founders of ALBJ Green Power”
Nitin Saxena is the founder of ALBJ Green Power. He is passionate about working on innovative technologies and Business Models. Earlier in 2013, he founded ALBJ Technology Ventures, funded by RAIN (Rajasthan Angel Innovators Network). The company developed unique data compression technology ‘Speedsz’ which reduces data size by 7-8 times with zero quality loss for images and videos (video on demand and Live streaming).
“Funding/ Investor Details”
The key investor of the company is Jaipur-based Innovana Think Labs Ltd., a software applications developer. The investor foresees avenues in the power sector and ventured into innovating a new technology based on green energy generation.
“Product and services offered”
We have customised organic rankine cycle with unique working fluid to work at low temperature and pressure ranges which makes it feasible for use at both places i.e. homes and high capacity power plants. It will help the society by preserving atmosphere from harmful gases released from power machines/plants and can be a substitute of hydel and solar energy.
“Technology and its features”
Our technology is a revolution in the field of power generation wherein generation has been done without fossil or biomass fuels. CO2 emissions in recent past have risen inexorably and the demand for stable and clean energy has increased rapidly. Features:
- An air conditioner runs and condenses coil assembly which is enclosed within an insulating enclosure and is filled with refrigerant.
- Related background artefacts are heat pump, refrigeration system, thermal power station and solar heater.
- ‘Yunay’ convert low or high temperature heat of surrounding atmosphere/ground surface air’s to rotating and reciprocating motions with which the turbine or heat engine revolves and eventually generates massive usable electricity.
“Plans for product deployment”
‘Yunay’ will be deployed firstly for power plants and then will be introduced in the B2C market as boxes. It will be deployed at power plants with over 10 MW of capacity in next 3-4 months.
“Market scope for the product”
a). Core Power Plants
The company is planning to set up power plants generating up to 100 MW of electricity in Ghaziabad, Uttar Pradesh. The first of its kind project, wherein, the underground water thermal energy will be tapped and converted into electrical energy.
b). Turnkey Projects
The company is planning to cater to sick industries and existing thermal, geothermal & solar plants wherein to reduce their Capex and Opex cost and time, by helping them converting their existing power generation technology to it’s own with a very low initial investment. As per the company, very less change in infrastructure and equipment will be required to attain high level of electrical efficiency via its technology.
c). Small Industries and Households
As small industries require low operational power, it can be catered with the high efficiency ‘Yunay’ machines. It’s a customized machine like a power generator which can generate and meet the needs of a small scale industry. With ‘Yunay’, electricity of up to few KW can be easily met. It has the capability of replacing all existing conventional gensets. This is the company’s upcoming project which it feels can revolutionize the inverter and electrical power generation market.
“Start-up ecosystem challenges and solutions”
Number of schemes for new entrants under the Start-up India initiative has been set up, primarily in terms of funding, tax breaks and rebates. Additional support in the form of Incubation Centres and Ease of Doing Business can be helpful. Some of the best steps could be – spreading more awareness about schemes launched, e-governance and reducing bureaucracy & government interference. For example - GST registration requirements for 3 years has already been removed. Besides, more focused approach will be required towards – funding low cost innovation, easy loan process, single window to process all documentation work, tax relaxation etc.
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