Our Commercial Manager, Dr Jason Chaffey and Chief Technology Officer, Dr Mahesh Venkataraman recently returned from a trip to India where they showcased our energy storage capabilities to a select group of potential business partners.
Meeting with multinational service providers and a smaller industrial services provider, the two learned more about India’s energy market, industrial processes and the drivers for uptake of clean-energy and heat solutions.
In contrast to some other nations, uptake of these solutions is driven purely by economics, but the Indian government is increasingly installing renewables.
There are no industrial gas users in India (unlike the Australian market), with thermal generators – primarily coal-fired power plants – meeting requirements.
These thermal generators cannot respond quickly to control signals to change their output, and 1414 Degrees thermal energy storage solutions may provide a way to address fluctuating needs.
The trip resulted in the identification of multiple potential applications for 1414 Degrees technology – with the company and other parties agreeing to share additional information to determine the compatibility of our solutions, with specific customer requirements.
Discussions also indicated we have significant potential to establish partnerships with companies in India to licence our solutions.
In-market connections with respected industrial service providers are important, as the Indian market is known for its strong pull-through, meaning: if one company adopts a technology, and it proves economical, then adoption will be rapid.
We look forward to continuing these relationships, to help implement our technologies in industries around the world.