According to research, India’s energy consumption is set to grow at 4.2% a year by 2025. Though this is a faster growth rate than most of the big economies in the world, India still lags behind because of higher purchasing parity. Therefore, Indian companies are spending more on utility bills as part of their OPEX than their western counterparts. And due to inefficient energy usage, this costs Indian companies a fortune every year in the form of utility bills. 30% of this energy is wasted due to inefficient usage.
Explains Gaurav Burman, VP & Country President, India, 75F, “65% of the energy usage in a commercial building is for HVAC and Lighting and traditional systems can guzzle a lot of energy as they are reactive and depend on dampers.”
To resolve this issue, 75F has developed a solution that uses continuous commissioning with the help of sensor data and is predictive and proactive. With the help of IoT and Cloud Computing, the firm claims that it can save up to 40% of energy used for HVAC and Lighting leading to significant savings on utility bills. In addition, smart sensors also consider other factors like indoor air quality and smart lighting that improves occupant comfort and indirectly leads to an improvement in employee productivity.
As the solution can be installed without any kind of disruption, and are preconfigured and modular, they allow for an 80% faster installation process. Based on energy savings alone, the ROI is expected to be lesser than 3 years. A case in point is Firstsource Solutions, which achieved 45.63% savings on AHU energy consumption within a few days of installing the firm’s solutions. The ROI was as low as 2.05 years.
The technology is automated and can be controlled remotely through its solution, 75F Facilisight, a suite of web and mobile apps. Facility managers can directly make changes, check and get data from its web portal. For a country that is ambitious about reducing its emissions and energy reduction, startup 75F truly has a huge opportunity.
