Transforming Waste into Opportunity: CLIMAFIX Summit 2023 Insights - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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The CLIMAFIX Summit 2023 brought together visionary leaders and innovators in the field of waste management to discuss pressing issues and groundbreaking solutions. Moderated by Indumathi Nambi, a distinguished professor at IIT Madras specializing in environmental engineering, the session featured insights from prominent panelists shaping the future of waste management.

The Panel Participants were:

  1. Indumathi Nambi ( IITM ):
    • Role: Professor, Environmental Engineering Division, IIT Madras
    • Expertise: Research and development of circular solutions for waste and wastewater management.
  2. Mudit Narain (Blume Ventures):
    • Role: Representative of Blume Ventures, a leading Indian venture fund.
    • Expertise: Investments in deep tech startups, particularly focusing on waste recycling and upcycling.
  3. Deepak Rajmohan (GreenPod Labs):
    • Role: Founder and CEO of GreenPod Labs, a biotech company specializing in minimizing food wastage during transport and storage.
    • Expertise: Biotechnology, Food Preservation Technologies, Solutions to Minimize Food Wastage in Supply Chains.
  4. Nipun O S (GPS Renewables):
    • Role: Representative of GPS Renewables, a company specializing in waste-to-energy solutions.
    • Expertise: Renewable Energy Solutions, Biogas Production, Large-Scale Waste Treatment Projects.
  5. Srinivasa Varadarajan (LanzaTech):
    • Role: Representative of LanzaTech, a company focused on converting industrial waste gases into chemicals using gas fermentation.
    • Expertise: Chemical Engineering, Gas Fermentation Technology, Industrial Waste Conversion to Valuable Chemicals.

Discussion Highlights:

Each panelist discusses their company’s innovations and successes in waste management

  1. Blume Ventures Approach:
    • Focus on deep tech investments, including waste recycling and upcycling startups.
    • Emphasis on circular economy solutions, particularly in the areas of metals, plastics, solar panels, and battery materials.
    • Commitment to guiding startups through piloting, proof of concept, and scale-up stages.
  2. GreenPod Labs Innovative Solutions:
    • Development of fruit and vegetable shelf-life extension products.
    • Economic incentives driving adoption, with a 6X ROI for customers investing in their technology.
    • Targeting traders and exporters involved in long-distance transport to mitigate food losses.
  3. GPS Renewables Waste-to-Energy Technologies:
    • Utilization of biomethanization for waste management, with a focus on scaling down to community-level implementations.
    • Challenges and lessons learned from failed biogas plant initiatives, emphasizing the need for scalable and sustainable solutions.
  4. LanzaTech’s Gas Fermentation Technology:
    • Unique approach to converting industrial waste gases into chemicals using gas fermentation.
    • Success in converting carbon dioxide and carbon monoxide into ethanol, with plans to expand to other chemicals.
    • Licensing model for technology dissemination, with global operations spanning multiple continents.

From circular economy investments to biotech solutions and gas fermentation technologies, industry leaders are driving transformative change towards a more sustainable future. As the world faces escalating environmental crises, the insights shared at the summit underscore the urgency of scaling up innovative waste management solutions to mitigate environmental impact and build resilient communities.

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About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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