In a world grappling with surging power needs, energy storage solutions are now vital for resilience and efficiency. The market, fuelled by ever increasing global power demand and renewable energy adoption, requires a scalable and efficient storage solution.
By 2040, the global energy consumption is projected to hit 740 Million Terajoules, a 77 percent surge from 2000 to 2040. Despite this, 83 percent of the world's energy is still dependent on fossil fuels that eventually raises natural concerns about CO2 emissions.
BloombergNEF predicts the global need for energy storage will hit a substantial $300 Billion by 2025. Innovations in battery technology, smart grids, and synthetic intelligence will be driving this growth.
Neuron Group began its journey a decade ago. Since its inception it has consistently demonstrated its commitment to innovative and sustainable solutions in the energy sector. Neuron’s evolution from working on Smart City projects and Electric Vehicle (EV) infrastructure to its current prominence in comprehensive energy management under the new identity of NEOENRG underscores its dynamic approach to addressing the evolving needs of the industry.
Recognizing the imminent gap between energy demand and supply, Neuron Group embarked on a mission to develop a comprehensive solution that addressed not just the immediate needs in India but on an international scale. “Our journey originated in e-mobility back in 2013- 14 when we collaborated with a Europe-based company to design their batteries and motors.
Subsequently, in 2014- 16, we contributed to a few ground breaking projects - that includes developing the world’s first DC fast charge clusters for two of the largest EV, Battery & Auto manufacturers in the world. During these endeavours, we realised that the escalating energy demands of emerging technologies, such as electric mobility, posed a significant challenge globally”, says Manish Sonkar.
Neuron addressed multiple obstacles in different industries as each presented a unique set of problem components. They had to constantly tackle issues like uneven power distribution, subpar energy reliability, fluctuating prices, managing peak demand and more. Limited availability and the need for infrastructure upgrades added to the complexity of the situation while strict environmental regulations and mandates imposed constraints on available options.
Manish Sonkar points out that, “We addressed the need for new methods by suboptimal energy management, overcoming storage limitations, high Capital investment requirements, and concerns surrounding carbon emissions.
With a strong awareness of the energy sector’s significant impact on greenhouse gas emissions, we took a stand and spearheaded the implementation of VoltVault – an integrated solution that supports clean energy generation & availability."
NEOENRG takes an end-to-end value chain approach, spanning from metal extraction, battery manufacturing to power delivery. With a keen focus on environmental sensitivity and financial structuring of deals, NEOENRG operates on a service based model, fostering long-term relationships with stakeholders. NEOENRG has been working with several industries including telecommunications, retail & logistics, grid infrastructure, and commercial & industrial (CNI) sectors to resolve their round-the-clock clean energy requirement issues.
NEOENRG’s commitment to cost-effective solutions with minimum environmental impact enhances its standing as a major force in the global energy transition. “Despite the challenges associated with the complex nature of the energy transition, we remain dedicated to realising our vision. We are driven by tangible results and a forward-looking approach that recognizes the vast potential in shaping the future of sustainable energy solutions globally”, says Pradeep Panwar.
Paving the Way for Sustainable Energy:
NEOENRG offers a diverse range of innovative solutions like VoltVault ESS, DIEN, ChargeHub, NeoEnergy, and Kneulytics. These solutions collectively exemplify the company’s commitment to smart and reliable energy storage. The VoltVault ESS stands out as a modular and scalable energy storage system, emphasising adaptability for various applications across industries. DIEN, the Virtual Power Plant, adds a layer of intelligence to the energy ecosystem, enhancing overall reliability.
The company's engagement model, “Energy as a Service (EaaS)”, extends well beyond product deployment, encompassing O&M and continuous support augmented by predictive granular analytics for the entire product lifespan of 20 to 25 years. The firm’s chemistry-agnostic approach and early incorporation of solid-state batteries showcase its commitment to continuous technological innovation to achieve the highest energy density, long cycle lives, and a 95+ percent recyclability and positions NEOENRG as a leader in the environmentally sensitive energy solutions sector.
Positioned for the future, Neuron Group focuses on transformative solutions in green power to meet the rising global energy demand sustainably
NEOENRG adheres to a comprehensive customer success playbook. After meticulous execution, all assets are continuously monitored for 30 to 45 days. This thorough evaluation enhances the effectiveness of the solution and any necessary modifications are made accordingly. This commitment entails constant system monitoring, both remote and direct stakeholder interactions, to ensure that it not only meets immediate needs but also can evolve to address changing requirements over time.
NEOENRG strategically addresses the imminent challenges posed by the anticipated 47 percent surge in energy demand by 2050. The company’s forward-looking initiatives delve into transformative solutions across green power, battery storage, next generation transmission, and EV infrastructure. NEOENRG is committed to introducing cutting-edge technologies that not only streamline implementation but also pave the way for supplementary and scalable energy sources. “Despite the challenges associated with the complex nature of the energy transition, we remain dedicated to realising our vision, backed by tangible results and a forward-looking approach that recognizes the vast potential in shaping the future of sustainable energy solutions”, Manish Sonkar concludes.