Today, the development of energy efficiency technologies is occurring at an unprecedented pace. Climate change initiatives, supportive global policies, volatile fossil fuel prices and technological innovations have all played a key role in enabling the rapid growth of today’s energy efficiency industry.
Amergin Energy, was specifically founded to address the key challenges posed by the integration of renewable generation onto the Transmission Grid. Amergin’s energy storage platform combines proven technology with sophisticated operational software and an innovative financial structure. Amergin’s solution will fundamentally transform the electric grid, building a smarter, more flexible and reliable power infrastructure.
Amergin Energy’s investment partner, Akula Energy Ventures (www.akulaenergy.com), has over 15 years of experience in the energy and finance sector and has been involved in the development of solar and hydro power plants as well as Bio – CNG facilities. Akula Energy Ventures was founded in 1998 as the primary investor and developer for the first private sector coal preparation company in India. Since selling its stake in Spectrum Coal & Power Limited in India in 2008, Akula Energy Ventures has utilized its vast experience in the energy sector to form strategic partnerships with companies that are developing and implementing exciting and cutting-edge renewable and energy efficiency projects.