1. SOLAR ENERGY UTILISATION
(SAVING ELECTRICITY USING RENEWABLE SOLAR RESOURCE )
CONCEPT :
Renewable solar energy is one of the most effective source of energy that not only
provides us with power to run our industries , but also useful for home applications like
lighting our houses cooking food , water heating and running other electrical appliances
such as Television set , Radios , microwaves and computers .
Modern technology has made it easier to harness this important source of renewable
energy , which in turn has led to improvement of our lives.
2. HEATING, COOLING , VENTILATION AND AIR CONDITIONING
Heat form the sun is harnessed using solar panels and the energy collected from the
panel is transformed in to electrical energy that is used in driving air conditioners that
provide cool air when it is hot and provide warmth by heaters when it is cold ensuring
the comfort of living in our houses
WATER HEATING
This is the most common application of renewable solar energy as this application does
not require much technological know how . Sunlight is used in heating water by
concentrating the sun rays for heating by use of solar panels .
3. COOKING
By concentarting the heat energy from the sun on the required area , this can be most
effectively used for cooking
Similarly , solar energy can be used in place of electricity for running various appliances at
homes and offices .
ALTERNATIVE SOURCE OF ELECTRICITY :
With more and more applications, renewable energy like solar is the remedy for the
increased global warming as there is no emittance og green house gases when we use
this type of green energy resources .
MARKET SIZE :
Market size is unmlimited as long as there are
1. Cost effective panels
2. Easy installation and maintenance
3. User friendly technology
COMPETITION
4. Competition is very less as there are lot of scope for improved /cost effective technology and
innovetive usage
BUSINESS MODEL