Founded in 2020 by Sunil Talla and Prasad Yerneni, Mushtaq Ahmed, Neeraj Sansanwal and Vamsi TP, EdgeGrid is building a technology platform to enable the energy transition for last-mile customers, namely household, small businesses, commercial building owners and electric vehicle charging networks.
Its platform enables these last-mile customers to consume energy efficiently and generate energy locally. It also works closely with energy distribution companies and distributed energy generators to reduce their costs and expand renewable energy penetration for the entire ecosystem.
“Having been in the energy space, it has become apparent that a shift in the way we produce and consume energy is essential. We believe that a consumer-centric model instead of a centralised model is the only viable solution to make this energy transition more sustainable and profitable. To have a material impact, you need to be willing to go where the emissions and losses are and hence focus on the last mile,” said Sunil Talla, founder and CEO of EdgeGrid.
According to the Hyderabad-based company, India’s energy sector is at a crossroads as it ambitiously targets net zero emissions without compromising the long-term sustainability of its grid. To achieve this transition, India will have to reimagine the way it generates, distributes and consumes electricity at both the grid and local level. Further, this transition must be financially viable for its incumbent utility companies that are currently facing over $60 billion in accumulated losses – a majority of which come from serving last-mile customers, the company said.
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