Renewable Energy World: Powerstorm Capital's 2015 Outlook

Mike Freni, CEO of Powerstorm Capital

Mike Freni, CEO of Powerstorm Capital

By Mike Freni | Renewable Energy World

With 1.5 billion people currently living in a state of energy poverty, the developing world, rural communities in particular without access to power, is where the largest opportunity for renewable energy and energy storage lies. 

We see 2015 as a pivotal year that will allow us to install our energy storage containers called Modular Energy Storage Solution or MESS™ in off-grid communities in South East Asian and Latin America. A MESS includes a generator, batteries and remote monitoring, which provides an environmentally and fiscally sound alternative to delivering, storing and managing power. Our MESS or Mini MESS is ideal in places without access to an electric grid and can provide numerous applications including delivering power and communication access to communities, powering small huts, agricultural irrigation systems, telecommunications towers, and remote industrial sites such as mines and military fields. Off-grid applications have been economically viable in some remote locations for years, but the lack of low-cost financing for remote sites—where credit risk is often relatively high—has made it difficult for companies and customers to afford the upfront costs of energy installation. As such, we are also focused on building the funding mechanism to provide micro financing to these communities and expanding our network of local distribution partners to aid in this effort. 

The savings and benefits that come from using energy storage solutions like ours directly impact consumers in what they can spend on food, health, business, and education. Demand in this segment could reach 15 to 20 Gigwatts by 2020. Our goal in deploying our MESS™ is to improve the lives of millions of people in the developing world.   

The challenge:

Accurately assessing renewable energy trade is difficult. The lack of trade codes often leads to inexact conclusions. Coupling projections of trade with future installation targets – either by technology or country – is often even more problematic given the sector’s reliance on government policy. Powerstorm has added a strong international leadership council to address the geo-political hurdles.