India’s dream of becoming an energy efficient nation is becoming true with every passing day. The goals that have been set by the government on energy production are being further influenced by the solution and service providers in this domain as they are constantly evolving with their solutions and services and bringing in the latest technologies in this domain. Renewable energy production has gained much traction in the recent years especially with corporates trying to lower their carbon emissions and help reduce the level of pollution in the country. Ironically, the green energy sector is very much fragmented when it comes to India. Of course, there are various experts/companies/start-ups in the sector but the problem lies in holistic delivery of services & solutions.
An IPP/Developer that generates the energy is unable to monetise it again or a service provider who offers services is unable to buy or sell energy for the client in general, if both are ready the regulatory and liaison challenges for implementation throws road block. This is one major problem statement that Altilium, a green energy company from Bangalore is acting on very responsively. Including a wide array of turnkey solutions and services, the company is also involved in Power Trading which acts as a game changer for the clients. Altilium being only Power Trading venture in country on date which deals entirely on renewable energy based transactions pan India basis.
Altilium provides turnkey services to all its clients that is not only limited to advisory but also execution of a solution. right from required management advisory services till implementation of bespoke services with regard to electricity cost optimisation and sustainability value chain satisfaction of clients.
“We don’t just give our clients a theory based/bookish solutions. We combine all the theories and come up with a solution that is best suited for the specific client. It is an end to end hand holding process that we provide because the primary problem for power buyers and consumers is that they do not have a dedicated team for this or team who has in-depth knowhow of power sector regulatory and legal understanding. That’s where we come in and handle each and every aspect of the process with our bespoke due diligence”, says Amit Kumar, Managing Director, Altilium Energie.
The Growth Story
In order to have a definitive vision towards the growth of the company, Altilium has made use of locational advantage. A lot of emerging SMEs and MSMEs are in need of green energy consultation and project execution but are unable to approach the globally acknowledged firms with large teams
due to budget constraints and non-standard challenges on ground. Altilium started its services from South Indian states like Andhra Pradesh, Karnataka and Tamil Nadu where there is huge industrial growth in the MSME/MNC sector and energy demands are also rapidly arising from the growing ecosystem in these regions. The company has understood the financial pattern in this sector and has formed the services standing from a strict economic standpoint. Cost optimization, Sustainable solutions and on time delivery are three critical aspects that Altilium adheres to while providing services to any client.
Secondly, the experience of the higher management is a major driving factor for the growth of the company. Every state in the country has different green energy rules and regulations. Any overhang in those can cause damaging circumstances in the execution and sustenance of a project. Altilium has set up offices in the major cities all across South India and even other major cities of the country. It is aware of all the different renewable energy rules and regulations that are prevalent in different regions of the country. “We take care of very specific aspects while executing a project/ solution. Consultation with the client regarding the ultimate requirement and accordingly speaking with the concerned government departments is something we specialize in. Added to that we also provide consultancy on the sourcing of the green power that is required for the project. Until now we have provided 350MWp of production consultancy to our clientele”, mentions Amit.
Another primary area of business that Altilium is currently involved with is power trading. It handles its own power trading license where buyers and consumers are able to buy and sell green energy according to their requirements. With the growing acceptance of this energy across the country, Altilium thinks that being a green energy trading platform will make the scopes of expansion better for the company along with sustainability services.
Altilium provides turnkey services to all its clients that is not only limited to advisory but also execution of a solution
Power sustainability, power trading and Turnkey green power generation, these are the three aspects in which Altilium brings the combined experience and expertise of. Though small, team Altilium is equipped with each and every particular aspect of all the three categories. This is the reason why it can be called a holistic green power energy service company that provides solutions and services in all the three above mentioned segments. For many MSMEs/MNCs across South India and some other parts of the country, Altilium acts as an internal team for end to end execution of green energy requirements. It acts as the vendor for green energy for the client as well as the support that is needed for the implementation of the project.
Looking At The Future
Starting off with operations in 2018, Altilium has gained much ground in the green energy sector. It started as pure play boutique advisory services and quickly involved itself in turnkey service providers for green energy projects for many MSMEs in south India. With the goodwill earned, the company gained projects from several Corporates as it stands, Altilium takes care of complete renewable energy portfolio procurement of some of the popular MNCs and leading corporates.
"Altilium has gained much ground in the green energy sector. It started as pure play boutique advisory services and quickly involved itself in turnkey service providers for green energy projects for many msmes in south India"
The advisory on energy procurement and involvement in power trading has acted as a game changer for Altilium. It has been able to conduct significant amount of business through advisory and trading services which have proved to be the elements of excellence for the company. Last but not the least, apart from being present in the sates of South India, Altilium also holds offices in the states of Maharashtra and UP.
The company has achieved over 120 cr turnover in the last financial year and hopes to grow by another 70 percent in revenue in the coming one. “We are also working on energy storage solutions for some of our clients. We haven’t covered much ground in this segment but this being a requirement in high demand we hope to better our service portfolio and come up with the most advanced solutions and services in the days to come”, concludes Amit.
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