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si Team
Friday, March 5, 2010
Taking innovation to the new level, Gyanesh Pandey, CEO and Co-founder of Husk Power Systems and Manoj Sinha, a Darden University alumnus are lighting up over 10,000 homes and small shops across villages in Bihar.
Husk Power owns and operates miniature power plants generating between 35 kw and 100 kw of electricity from paddy husk that it supplies to consumers in off-grid villages. The startup plans to raise a fresh round of venture capital to scale up operations to more than 60 villages and to set up 50 plants to generate electricity from the current level of 22 plants by May 2010. "We have an open-source model of operations and can very quickly replicate across multiple locations," says Pandey, an electrical engineer from IIT Varanasi, who envisages Husk Power Systems rolling out services akin to a cell phone company.

In the last few years, India emerged as a laboratory for innovations in the alternative energy space with entrepreneurs and investors looking to build innovative solutions to address a power-starved economy. This is happening at a time when other countries are losing their luster in clean tech. North America's share of clean technology venture capital was down from 72 percent in 2008 to 62 percent in 2009, a four-year low.
It is the opportunity in bio-mass-generated electricity that Husk Power Systems is chasing, with plans now to replicate its model in Bihar in other states such as West Bengal, Uttar Pradesh, Andhra Pradesh and Tamil Nadu. "Our model works around involving local teams. There is no magic wand that we use, we just keep technology simple, generate power and feed it to consumers who have no access to state-grid power," says Pandey.Currently, Husk Power offers electricity at Rs.80 for 30 watts and Rs.40 for 15 watts. This allows rural homes to get about 6-7 hours of electricity. "The idea is to have a 40 kw plant that services perhaps four villages," says Pandey.


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