Holygreen Energy Inc.

Fort Collins, CO 80526, US
Alternative & Renewable Energy

Holygreen Energy Inc is marketing a tri-generation solar system to provide for heating, space cooling and electricity simultaneously to lower energy costs in business sectors, It will reduce the use of fossil fuels and prevent smog and pollution...

Holygreen Energy Inc is a start-up, a C-corporation founded in USA in 2018 by two Co-founders, Mandar Sunthankar, CEO, in USA and Avi Veerkar, VP, in India, both successful entrepreneurs and businessmen. The purpose of this new enterprise is to complete the development of a solar prototype and market it to high energy growth, high fuel cost developing countries.

The technology is based on concentrated solar PV (CPV) concept. A prototype developed in USA with nearly 3M in investments has demonstrated simultaneous heat and power delivery capability. This unit will be upgraded to double the output to a marketable product. Holygreen Energy intends to raise $2M for the upgrades and install a 400 kW tri-generation power station to commercialize the technology in two years. In the interim, the technology will be transferred to India to lower the cost of installation to under $1/watt. Eventually the technology will be deployed as tri-generation power micro-grids in 4 years. The company has four members on its Board of Directors who are all entrepreneurs and businessmen.

The Market: The potential applications of the tr-generation solar micro-grids include hospitals, hotels, food processing, dairies, distilleries, textiles and several other businesses. The current market size estimate for proposed CPV in high growth markets such as in of India alone is well over 5 billion dollars per year. In many countries around the world, the cost of electricity and imported fossil fuels is high and the proposed technology could bring 50% savings in utility costs to the industries. It is feasible to attain revenues in the range of $100 million/yr over a decade.
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The Business Model adopted is Mega-watt scale tri-generation solar micro-grids with Power Purchase Agreements with customers to provide power over 15 years. The model minimizes the upfront cost of installation of new equipment to customers while ensuring long term profitability for the company.

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Summary

Prior Year Revenue Current Year Revenue Next Year Revenue
Company Age Employees Sub-Industry
2 years, 4 months 0 Photovoltaic & Other Solar

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The Business Model adopted is Mega-watt scale tri-generation solar micro-grids with Power Purchase Agreements with customers to provide power over 15 years. The model minimizes the upfront cost of installation of new equipment to customers while ensuring long term profitability for the company.

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President Executive Officer
Mandar Sunthankar

Mandar Sunthankar

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Funding Goal$2,000,000

Funding Raised So Far$0

Funding Commitments$0

Funding Remaining$2,000,000

Funding TypeEquity

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