At EnerMark, we have developed analytic techniques to accurately project returns on solar projects for any location in India. This includes accounting for weather and geography as well. We take a microgrid approach to renewable energy projects - where we consider the overall energy picture i.e. what is the best combination of various energy sources (utility grid, renewable energy and even gensets). This data-based microgrid approach helps us identify the most promising energy projects. It is also the basis of our platform to bring together customers, installers and investors for various energy projects. In fact, we are so confident of our projections, that we provide, guarantees on returns payable in cash, on projects that we execute or finance. Given the energy shortage and the inefficient electricity grid in India, we believe that distributed energy production with emphasis on renewable energy sources, such as solar, is the only solution for the energy crisis. And, an efficient platform for clients to fairly value their energy installations and attract investments is the best approach to that solution.
Technology & Operations
Manvendu believes that in a country like India - with 300 days of sunshine, it is almost criminal that anyone should suffer due to energy shortage. There is abundant solar energy available, the only need is to leverage technology and computing resources to make it accessible for everyone.
Prior to EnerMark, Manvendu was responsible for leading the strategic planning team for Dow Chemical's North American energy storage business for electric vehicles and renewable energy storage systems. Manvendu has a strong career leading strategy and operations, with a decade long experience in the technology industry. Prior to Dow, Manvendu was with Sakti3 Inc. (named as one of the 10 most promising technologies in the world for next 10 years by MIT tech review) where he was responsible for market and product strategy. Prior to that, he was at Motorola Inc., USA and Tata Consultancy Services, where he led new product development for software systems. Manvendu has a Computer Engineering degree from NIT Kurukshetra, a Masters degree in Computer Science from Arizona State University, USA and an MBA in Strategy and Finance from University of Michigan, Ann Arbor, USA.
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