Are you ready to be a part of the change for the next generation of Indian electricity distribution companies?
We are here to accelerate and scale up your idea to change the future of electricity distribution in India. We are looking for fresh thinking and new perspectives to develop new business cases to help electricity distribution companies (Discoms) identify new sources of revenue or enhance existing revenue streams.
For the very first time in India, New Energy Nexus invites startups and teams of professionals to be part of a structured, intensive 8-weeks training program that will strengthen your chances of working and finding solutions to energy challenges with a Discom!
We are supported by our knowledge partner, the Regulatory Assistance Project (RAP), who brings nearly 3 decades of experience crafting innovative regulatory solutions in the power sector.
The ElectronVibe Business Plan Challenge 2020
Two track program
Our program consists of a two-track program spread over a 10-week period.
Solutions Thinking Track
This is targeted at power-sector startups and professionals.
10 India-based startups or teams will be selected to
- attend the full 8-weeks (online) ElectronVibe Training program
- work 1-on-1 with mentors from the power sector
- develop a business plan to integrate with Discom operations
Blue Sky Thinking Track
This is targeted at students and professionals.
20 teams or individual participants will be selected
- attend the first 4 weeks of the (online) ElectronVibe Training program
- interact with professionals from power sector
- opt to revise their blue-sky idea and re-submit for evaluation
The Problem Statement
Electricity Distribution companies are facing a lot of competition from distributed renewable energy generation sources, like solar and wind. Large commercial & industrial (C&I) clients are increasingly opting to switch to such sources via on-site/captive plants, or supply from off-site plants (via Open Access). If these C&I customers make this switch, Discoms stand to lose a big chunk of their revenue.
What we are essentially looking for:
Development of alternative business model(s) for Indian distribution companies with an aim to create additional revenue streams as well as reduce power procurement costs to compensate for the loss in cross-subsidy from commercial and industrial consumers.
The Solution Set
Submissions may include those to invest in the customer-side of the meter – across efficiency, solar rooftop photovoltaic, demand response, battery energy storage and thermal energy storage. Participants would be encouraged to consider public-private and public-private-civil society partnerships to ensure end-use efficiency in electricity consumption and higher level of renewable energy penetration.
In summary…
A meaningful solution or a business idea that is innovative, viable and scalable when introduced into the Discoms’ business. A team that introduces a business model based on current economic and commercial considerations.
What are we looking for?
Solutions Track
We are looking for a viable business case that can be further developed by the team along with the Discom.
If a viable model emerges, the program partners may assist the winning team to engage with an interested Discom for a potential Pilot project over the next 6 to 12-month period.
Non-exhaustive list of examples of business-plan solutions that we are looking for
- New revenue streams for Discoms that complement addition of RE on-grid (e.g. business case for – co-investing in asset-leasing models for rooftop solar, etc)
- Solutions that help improve billing and recovery rates (e.g. business cases for – implementing Smart metering; automated billing systems, etc.)
- Solutions that improve grid resilience (e.g. business cases for – DSM at feeder level; DSM at C&I level; behavioural demand response at consumer level; forecasting & scheduling from distributed/utility RE plants, etc.)
Blue Sky Thinking Track
We are looking for unconstrained, imaginative ideas for new business concepts that can help Discoms expand their revenue streams or get into new business lines.
Applicants will be asked to submit their blue-sky idea at the time of application. Of the selected 20, all will be encouraged (without it being mandatory) to revise their ideas after the 4-week training program. The top 3 ideas will be selected as the Blue-Sky thinking track winners!
Who should apply?
Solutions Thinking Track
You need to be based in India, and either be:
- A startup in the power sector
- A group of professionals (pre-formed team) with understanding of the power sector
- An individual with an understanding of the power sector – you will be asked to form a team with other individual applicants prior to start of program
Blue-Sky Thinking Track
Anyone can apply based anywhere in the world, for example:
- A student, or a group of students (pre-formed team)
- A professional, or a group of professionals (pre-formed team)
- A startup who wants to work in the power sector
What’s in it
for you?
GAIN DOMAIN EXPERTISE
Understand the power sector, and how to work with Discoms, by learning direct from industry experts via a structured training program (delivered via weekly webinars).
NETWORKING
Opportunity to network with a wide range of early stage startups and mentors
OPPORTUNITY TO ENGAGE & PILOT
Throughout the program, there will be opportunities to meet with power sector & Discom professionals, and engage with them to work on a post-program pilot plan.
Winners
Solutions Thinking Track
One final winner will
- Receive Press / media coverage
- Have the opportunity to be featured on the ‘ElectronVibe India’ Solutions-track winners community on partner websites
- Have the opportunity to engage with Discoms for a post-program pilot
Blue-Sky Thinking Track
The top Three winners will
- Receive Press / media coverage
- Have the opportunity to be featured on the ‘ElectronVibe India’ Blue-Sky thinking track winners community on partner websites
- Have the opportunity to receive expert-reviews on their ideas
Timeline
Partners
Powered by:
Knowledge Partner:
Ecosystem Partner:
Supported by:
Outreach Partner:
Outreach Partner:
Program Partner:
