Varun Giridhar
Founder & MD
The Circular Energy
Circular Energy provides commercial and industrial businesses with zero upfront cost battery energy storage systems through a Battery-as-a-Service model. This service converts capital expenditures to operational expenditures, reducing reliance on diesel generators and lowering energy costs.
Updated 6 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Businesses in emerging markets face challenges with unreliable power grids, leading to frequent outages and increased reliance on costly diesel generators. This instability, coupled with volatile fuel prices and a lack of in-house expertise in advanced battery technologies, hinders operational efficiency and financial predictability.
Solution
Circular Energy offers a Battery-as-a-Service (BaaS) model that provides commercial and industrial clients with advanced battery energy storage systems at zero upfront cost. The company manages the entire lifecycle, including financing, procurement, commissioning, monitoring, and maintenance of these systems. This approach allows businesses to convert capital expenditures (CAPEX) to operational expenditures (OPEX), significantly reducing their dependence on diesel fuel. By displacing diesel generation, clients achieve substantial cost savings, gain predictable energy expenses, and enhance overall system reliability.
Target Audience
The primary target audience includes commercial and industrial businesses operating in emerging markets that experience unreliable grid power and high diesel fuel costs.
Features
- Battery-as-a-Service (BaaS) model with zero upfront cost for clients.
- Comprehensive lifecycle management encompassing financing, procurement, commissioning, monitoring, and maintenance.
- Technology-agnostic approach, allowing for the integration of various battery chemistries and OEM hardware.
- Conversion of CAPEX to OPEX, improving financial flexibility.
- Diesel generator displacement to reduce operational costs and carbon footprint.
- Projected total cost of energy savings ranging from 12% to 30% across client portfolios.
- Modular site setup enabling scalable capacity deployment based on actual demand.
- Contractual models designed to have minimal impact on client EBITDA.