Makar's Climatenza Solar provides low-cost, efficient solar thermal energy to industries with the aim to increase adoption
Akshay Makar | 29
Founder, Climatenza Solar
The world has seen an unprecedented growth of renewables in the past decade. However, this growth is limited to power generation, says Akshay Makar, founder of Climatenza Solar. According to the International Renewable Energy Agency, 75 percent of the energy in industries comes from the burning of fossil fuels.
Founded in 2018, Delhi-based Climatenza Solar develops and engineers concentrated solar thermal technology to generate energy for industrial applications. The thermal concentrators are designed to reflect sunlight onto a receiver where liquids get converted into steam that can either be stored or be converted into electricity. The goal is to increase renewable penetration among industries. The startup is working with multinationals to achieve their net-zero goals and have 23 MW capacity in pipeline with an opportunity to scale it to 273 MW in five years.