Probir Ghosh India Delegation invVEST 5-16-2011


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USA-India Energy Initiatives

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Probir Ghosh India Delegation invVEST 5-16-2011

  1. 1. Setting The Framework WHY We need to Accelerate USA- IndiaSustainable Energy InitiativesIs Colorado the right place to start? Probir Ghosh President, CEO & Ambassador, invVEST
  2. 2. 60 CHINA DOMINANT SCENARIO 2050 Global GDP ~$160T 55 USA EU 5 China 32% PROGNOSIS: UNSUSTAINABLE Of Global GDP 50 Are we heading this way? 3.0% We may fare even worse, 45 China Japan 40 35 If we do not transition fast…… India Many like Jim Collins, 2.25% 5.0% 30 Ariana Huffington , 25 Fareed Zakaria 1% USA 16% seem to think so … 1.5% 1% 20 EU5 2.5% 7.0% 15 USA 25% India 9% 4.0% 10 8% 5.0% Japan China <9% 6% 5 8% India<3% 0GDP $T 2010 2020 2030 2040 2050 invVEST Proprietary
  3. 3. 60 CHINA DOMINANT SCENARIO 60 BALANCED POWER SCENARIO 2050 Global GDP ~$160T 55 USA EU 5 China 32% PROGNOSIS: UNSUSTAINABLE Of Global GDP 2050 Global GDP ~$200T 50 45 China Japan 3.0% 55 PROGNOSIS: SUSTAINABLE 40 USA EU 5 35 30 India 5.0% 2.25% 50 USA 16% 25 1% 20 1.5% 1% EU5 45 China Japan USA 22.5% 2.5% 7.0% 15 USA 25% India 9% 10 8% 5.0% 4.0% Japan 2.25% China 21.5% 5 China <9% India<3% 8% 6% 40 0GDP $T 2010 2020 2030 2040 2050 India 3.0% HOW? 35 2.5% 30 India 14.5% In the next 20 years: 25 3.0% 4.5% 6.0% EU5 3.5% 20 6.0% Energy Transition 15 is a $80 -$120 7.0% 10 Trillion Opportunity, 7.5% 9.5% Japan Globally. 5 8.5% 0 GDP $T 2010 2020 2030 2040 2050 Global Leadership in Energy Transition will be the critical component of overall Global Leadership for this century. Without Rapid Energy Transition, the world faces unprecedented 3 global crisis that may end civilization as we know it. invVEST Proprietary
  4. 4. China, USA & India GDP PPP as per Economic Watch*35,000,000 China potential bubble poppers:  not transitioning to SEI in time30,000,000 United States  undervalued currency China  low/no cost financing stress India  working age25,000,000  oppressive conditions  Cultural/Political revolution? India‟s main challenge:20,000,000  Inclusive (Equitable)growth  Infrastructure, starting with energy  Regional Instability15,000,000 India ramps up to USA China PPP GDP @ 10%/yr, next 2 decades10,000,000 Crosses USA by 2012 Dominant China ERA? India @ 8% continued growth 5,000,000 India ChinaUS $Millions 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 * 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 USA economic growth is sustainable only if we generate increasing 4 Equitable trade from emerging economies, especially China & India invVEST Proprietary
  5. 5. Imports 274,664 2010 from 230,838Canada 69,006 2000Exports 249,293 1985 to 178,941Canada 47,251 Canda is the largest trading partner with USA although China became the largest importer to USA by 2008.Imports 148,172 from 67,090 22,801 OPEC OPEC imports are dominated by Oil when Oil spiked in 2008, OPEC imports jumped to $240B Export 54,035 USA is venerable to Oil dependencies, so is India (even more so) 19,078 and China. If China & India follow USA model as they develop,to OPEC 12,478 increased Oil demand will put upwards pressure on Oil prices.Imports 369,142 From 100,018 China 3,862 in 25 years from 1985 to 2010 Imports from China to USA grew 95 times 91,158 while imports to China grew only 23 timesExports creating huge trade imbalance issues. 16,185to China 3,856 With GDP based on PPP ($15 Trillion) crossing USA by 2012 Will China become the dominant Superpower by 2030??Imports from 10,687 29,798 Trade with India has been historically low USA Historic Trade Dynamics with India 2,295 As India opens up its ecomonies and addresses its infrastructure issues, to grow at the aspired Canada, OPEC, China & India 9- 10% per year for the next two decades Reference: EXIM Bank (Dec 2010 is estimated by invVEST)Exports 19,113 India will potentailly become the third largest economy 3,667to India 1,642 by 2025. Countries & entities that understand the Indian economic needs can significantly grow their trade with India. - 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 US $ MillionsWe are importing much more than we are exporting 5 invVEST Proprietary
  6. 6. 2001 Colorado Exports to World Region Total $6,125 M 2001 Colorado Exports to Asia Total $2,342M, Country figures in $M Region figures in $M Other, 366 , India, 24 , 1% China, 169 , 6% 7% Asia, 2,342 , Other, 617 , 26% 38% N America, Japan, 765 , 33% 1,482 , 24% Taiwan, 152 , 7% Europe, Hongkong, 262 , 11% 1,936 , 32% Malaysia, 228 , Thailand, 47 , 2% Exports to China & India are growing Phillipines, 79 , 10% World Exports grows by 9% 3% But Colorado Exports to Asia Total $2,091M, Country figures in $M2010 Colorado Exports to World Region Total $6,670M 2010 imports are growing faster>>> India, 102 How Do We Reverse The Trend? Region figures in $M Other, 776 , 12% Asia, 2,091 , , 5% 31% Other, 369 , 18% China, N America, 557 , 27% 2,190 , 33% Taiwan, 156 , 7% Hongkong, 140 , 7% Thailand, 62 , 3% Europe, Japan, 318 , 15% Phillipines, 211 , 1,613 , 24% 10%While Exports to Asia shrinks by 11% Malaysia, 175 , 8% invVEST Proprietary
  7. 7. 2030 170,979 169,7302020 68,992 59,776 Focus on Next 4 Years for Specific Engagements 42,6442014 36,563 STRETCH TARGET: $500M Colorado Export or2013 38,944 ~1.4% of USA Exports to India 29,486 Energy related exports to India2012 35,729 can be more than 25% 23,589 HOW? with focused teams that 32,6292011 21,024 Learn to Adapt to Indian Environment2010 29,798 19,113 $102M Colorado Export or 10,687 0.5% of USA Exports to India Imports from India2000 3,667 Exports to India1985 2,295 1,642 USA India Trade Desired Scenario - 7 $M 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 invVEST Proprietary
  8. 8. vs. India 58.6 Projections Historic data In the next 20 years China will still add 40- 80 Quads, India TERI High BAU Case 29.3 USA but so will India Old Paradigm: invVEST SEI fosters Responsive GrowthCan the USA leverage these markets? TERI, IEA China Energy Growth fueled 7% GDP Ref. Case By Coal based Energy Scaling 70% of net new installs IEA Low Case globally last decade EIA Ref. Case CHINA New Paradigm: 5.86 India Growth fueled by Massive INDIA SEI* based Energy TransitionTkwh 8 * SEI: Sustainable Energy Initiative invVEST Proprietary
  9. 9. Sizing The Sheer Scale & Vital Stats for India‟s Energy Needs RES(MNRE) Actual Generation 2010 -11 MU 29,099 3% Hydro 2010-11 Total Generation: 835 B KWH 114,296 14% Nuclear 26,285 3% 105% growth Diesel 6,649 13.5% apr 1% Gas 33,246 2016-17 Total Generation: 1,715 B KWH 4% RES(MNRE) Ideal Generation 2016-17 MU Coal 625,019 95,564 75% 6% 113 GW Thermal,, 5GW Nuclear, Hydro38 GW Hydro, 18.5GW RE Installed Nuclear 182,634 Total 174 GW 69,222 11% 4% A Few Indicators: Diesel 1,576 0% Tata Power Installed Capacity 2010 - 3 GW Gas 2017 – 25 GW 71,627 4% Coal 2017 Energy/Capita 1,294,996 75% India : 1,320Kwh Colorado : 10,908Kwh 208 GW Thermal,8 GW Nuclear, 60 GW Hydro, 27 GW RE Installed Total 323GW New 149 GW
  10. 10. Sizing The Sheer Scale & Vital Stats for India‟s Energy Needs 1 Trillion Kwh = 135 x 1GW Power Plants, or 1 Gigaton of CO2 from coal plant @85% plf Solar Current Technologies @5acres/MW, 1 Trillion Kwh = 3.3 Million Acres25 Sustainable Energy 12% Dynamic 1 Biomass Non-Commercial Energy Reduce Fossil20 9% Energy use Fossil Fuel Energy Key Take Away: Energy Efficiency & >23% Fossil fuel based energy15 Conservation grows two times. 4X 79% 12% Even if India adopts increase10 Stretch Energy Transition 2X 3% increase Plan invVEST Proposes: <65%5 28% 23% USA 5.7% world 69% Opportunities to USA?0Trillion Eff. & Conservation 2010 4 T Kwh ~ 4 Gigatons CO2Kwh Eq. 2030 BAU Dynamic 2 Equivalent to:-5 Energy transition will create exciting Increase Not having to build business & job opportunities globally. Energy Eff. & 540 x 1 GW coal plants eq. India‟s sheer size of energy growth 2030 Conservation 10 Creates a $4-6 Trillion Opportunity invVEST Stretch invVEST Proprietary
  11. 11. Some New Paradigms to Consider: If Energy is clean, economical & abundantly available, we will use energy in ways we have never imagined before and energy usage & markets will grow exponentially.India‟s lack of Fossil Based Energy Infrastructure compared to Developed Countries & China gives India a serious advantage to disruptively transition to Clean Sustainable Self Reliant Energy. India needs to seize the moment. The 800 million plus Rural and Urban poor in India who have no or limited energy access adopt energy efficient usage instead of mimicking developed country (especially USA) extravagant energy usage patterns. When the Market Matures the focus rightly should be on getting a larger share of the pie When the market is emerging, the focus should be on making the pie exponentially bigger. Multi-disciplinary collaborations are key enablers “Coopetition”: Brandenburg & Nalebuff India Transformed Telecom with disruptive change Can we do the same with Sustainable Energy Transition?11 The Situation Analysis produces many analogies….
  12. 12. CAN SUSTAINABLE ENERGY DISRUPTIVELY TRANSITION IN THE NEXT 20 YEARS FOR INDIA LIKE THE TELECOMMUNICATIONS INDUSTRY DID IN THE LAST 20 YEARS? A FEW ANALOGIES TELECOMMUNICATIONS TRANSITION SUSTAINABLE ENERGY TRANSITION 20 YEARS AGO 20 YEARS FROM NOWIn 1990, land line based telecommunications was under sever stress In 2010, fossil fuel based energy is under severe stressPhone connections were overloaded, less than 50% made connections. Energy systems overloaded, 10 -15% shortfalls, rolling blackouts/brownouts.Today, thanks to cell phones, connections are taken for granted, leading to Can we transition to abundant sustainable energy systems that can be cleanexponential improvement in connectivity & productivity. and available on demand by 2030? Imagine what it can do to productivity. Rural India in many areas still do not have basic power connections. FamiliesThere were almost no phone connections in the rural areas. Today cell phones use chulas that cause serious health problems leading to death. Women &are ubiquitous. India has 400 M+ cell phones that are growing at the rate of children spend increasing time collecting firewood and cow dung, main cause8M+ a month because they are affordable even to the rural and urban poor. for illiteracy and low potential for earning a living.Cost of owning a phone & long distance costs were very high. Today with a Energy costs are out of reach for most rural and urban poor. Like cell phonesportfolio of choices and competition, ownership costs are low and long distance when they first came out, solar energy costs are high, but can be brought downcosts are low and even free (Skype, Google). Choice, technology & scaling exponentially with a comprehensive scaling & technology strategies. Canbrought prices down exponentially. energy become ubiquitous for all?Indias phone systems were ancient to aging. Today, Indias cell phonetechnologies(at least on the application side, we are lagging in manufacturing) The Energy infrastructure is ancient and aging, and cannot be extended withoutare the best in the world, and our rural adaptations are unique innovations a major overhaul. Can we adapt sustainable energy technologies that arecustomized for India. innovated in India and/or customized for Indias specific needs? Can we plan for off grid energy applications and possibly avoid the last mile issues? Unlike cell phones, which had very little dependencies, issues may beTransitioning to cell phones bypassed the last mile issue that lead to explosive more complex here. Create model 2020 vision urban & rural sustainablegrowth. energy communities. Learn, improve & replicate enmass.In 1990, less than 5% of the households were connected by phones. Lack ofexisting infrastructure actually turned out to be a huge plus as India & its Indias lack of fossil fuel based energy infrastructure compared to developedcompanies did not have to fight the battle to replace existing services, contracts, countries and even China may turn out to be the single largest enabler toinfrastructure. This was the single biggest reason for explosive growth.transition to new sustainable energy paradigm.Land telephone lines were an eyesore, messy and were prone to illegal Fossil based Energy as we know today, is considered a dirty word and istapping, and was a maintenance nightmare. Cell phones bypassed all theseharmful to the environment. Clean Sustainable Energy, locally availableissues. abundantly, can be used in ways we have not imagined 1990, Telecommunications was totally govt.controlled and not open to local Energy is still primarily in Govt. control. Private and global competition will bringand global competition. Global competition improved quality brought prices the best technologies, and like before, Indian innovativeness and enterprise willdown and scaling increased market size dramatically. find ways to provide the best at the lowest costs.Telecom & IT Industry transformation have generated hundreds of Transition to clean sustainable Energy will generate 4 Trillion inBillion dollars in revenue stream and employs 10s of million people. revenues and provide means for employing 100s of million people. Energy is the lifeblood for growing Indias future economy. MassiveToday, Telecommunications is one of the most vibrant industry in India. Scaling of SEI (Sustainable Energy Initiatives) that lead to clean,One can make a similar case for information technology services. Both ubiquitous and economically viable energy solutions can transforminitiatives will be key components of a successful energy transition to India into a bonafide global powerhouse and dramatically improve theclean sustainable self reliant energy for India. quality of life for the masses. 12
  13. 13. invVEST in Energy that’s Sustainable through Virtual collaborative Teams Probir Ghosh Visit us at It’s inOur Vision: our hands!“Imagine a Handoff, Clean Sustainable Energy Fueling our economy, curing our environment… Securing Our Children‟s Future.
  14. 14. invVEST Purpose/Mission: Enable Global Leadership through Massive Scaling of SEI*.USA & India must generate at least 35% of it‟s energy from SEI by 2030:  For USA to retain global leadership and maintain sustainable growth,  For enabling India to grow sustainably & become a legitimate global leader.Promote Joint Energy Initiatives between USA & India 2011- 2012 Focus invVEST** is structured as nonprofit technology neutral apolitical organization that promotes Sustainable Energy Initiatives(SEI) by creating a strong network of Virtual Collaborative Teams. * Sustainable Energy Initiatives. ** invVEST stands for: invest in Energy that‟s Sustainable 14 through Virtual collaborative Teams
  15. 15. invVEST Unique Differentiator: Defining Strength of SEI Index: (Sustainability Energy Initiatives) SEIMPAT: (SEI Matrix Portfolio Assessment Tool) Uses 6 criteria to measure & index the strength of each SEI. The index of 0 means worst, 10 means best. For a more detailed assessment, please contact invVEST. SEI Traits Sustainable? Reducing Energy 0-10 Massive Carbon LCOE Energy Dependence on Side Job Vertical Clusters Scalability in Footprint or Dependency one Region or Effects Creation future Carbon FootPrint PPI slope Source Side Effects Job Creation Energy Efficiency & The Glue: Smart Grid “Intelligent Energy on Demand” Conservation Cluster There is no silver bullet…Convergence of Energy, IT & Telecom Technologies Solar Energy Cluster Wind Energy Cluster Geo Thermal Energy Cluster We need to leverage our Bio Fuels Energy Cluster Biomass Energy Cluster whole portfolio of energy options using the sustainability index to help Nuclear Energy Cluster Hydro Energy Cluster Other Sustainable Energy Cluster Energy Storage Cluster Fuel Our Economy Energy Transmission Cluster Energy Transportation and infrastructure cluster. Cure Our Environment Coal Energy cluster Oil Energy cluster Gas Energy Cluster Secure Our Children’s Future. If the energy source does not have high scores on each these six criteria, it may not qualify for SEI, but it may still be a renewable energy source, or may qualify as a bridge energy source. invVEST Proprietary
  16. 16. USA-India Energy Transition Initiatives India Energy India Trip 3 AREDAYMILESTONES UNTIL NOW Transition May „10 Aspen CO VSNI Energy Framework Meetings: Bridge to Advisory Research Position Paper Sam China & IIT‟79 DU MBA India Panel Services & Advisory Jan „10 Others Thermax STK, CO Jan „09 B2K 1stMeeting India Trip 1 India Trip 2 India Trip 4 ‟79 – ‟87 Transition „04 – ‟07 Jan „10 In Basement April „10 Oct/Nov „10 Energy Outsourcing On Energy Keynotes @ Presented @ Systems Lessons Center Keynotes @ Transition IISc DIREC (10,000 delegates) Fossil Learned IIT KGP Strategy PETROTECH PANIIT (4,000 delegates) BioMass Core Competencies PES & Roadmap PETROTECH (6,000 delegates) Energy Audit “And” IOCL R&D Conf. invVEST Meetings: EIL Efficiency Stretch Goals Virtual Teams as nonprofit Key Meetings: MNRE Meetings: Coopetition conceived MNRE CII Planning Commission TATAs IIT Universities Kalyani Grp Others Media BHEL Govt. Others Public & Pvt. Entities Media: Media: Bus.India Several journals Indian Express 1 ON One Interview Energy Transition Lok Sabha, National TV So far, invVEST has laid the foundation to establish strong credibility and networked connections in India in Energy & Education Sector, creating an opportunity for Colorado & USA based entities to develop 16 numerous specific business opportunities that will be mutually beneficial for all involved through dedicated teams & funded programs.
  17. 17. Has participated in many major conferences and has interacted with 100‟s of key Thought Leaders from Govt., Public and Private Sectors, NGOs & Institutions involved across the energy spectrum….DIREC Multi-stakeholder Panel: PANIIT Renewable Energy: Policy & Strategic Direction Panel:L to R: Probir Ghosh, CEO invVEST; Dr. Harish. Hande, MD Selco; Dr. Jeremy Leggett, Chairman, L to R:Dr. Anupam Madhukar, Preofessor,USC; Mr. Pradeep Mathur, MD Cybermedia; Dr. Avinash Patkar,Solarcentury; Mr. A Correa do Lago, Director, Dept of Energy, Brazil; Dr. Sunita Narian, Chief Sustainability Officer, TATA Power; Mr. P C Ranakawa, Minister of Power, Sri Lanka;Director, Center for Science & Env.; Mr. David Hale; President, College of Atlantic; Mr. Mark Radka, Probir Ghosh, CEO invVEST; Mr. Rajiv Sarup; HCLChief of Energy Branch, UNEP, Dr. David Renne‟, President, ISES & Principal, Project Leader NREL 17
  18. 18. Arjun Malhotra: Chief Mentor, Chairman & Founder: Headstrong, Co-founder HCL, now $3B Plus Organization.. Chair,TiE Global, BOD Co-Chair, PAN IIT Alumni. Board of Governors: IIT KGP foundation; ISB, Hydrabad; Mr. Malhotra studied at The Doon School, Dehradun, IIT, Kharagpur, B.Tech. (Hons.) inv Electronics & Electrical Communication Engineering, Advanced Management Program at Harvard Business School. Mr. Malhotra wasV awarded the Albert Einstein Technology Medal for 2001.ES Subir Das: Managing Director, India Initiatives, invVEST.T Mr. Das is a Chartered Accountant with over 28 years of experience in India. He was the C.E.O. of a large Plantation Company in India. Subir’s special interests lie in providing solutions to Policy, Regulatory, Legal framework & Funding for Sustainable Energy initiatives in India.I Mr. Das is well versed in India’s Energy Initiatives such as National Solar Mission; Biofuels and Biomass based energy; with access to MNRE,CERC & many other Energy related Entities. Subir graduated from St. Xavier’s College, Calcutta and is a Member of the Institute of Chartered Accountants of India. SubirN is a Board Member with several Public Sector Companies as their energy advisor for new ventures, mergers , JVs, and acquisitions.DI Anand Kumar: Board of Advisors, India Initiatives, invVEST.A Anand Kumar has over 36 years of experience, most recently as Director (R&D), IndianOil Corporation Ltd. His experise lies in oil refining, refinery planning, optimization, operations management, modernization, revamping, technology evaluation, selection, project management, R&D, development, demonstration & commercialization of technologies, business process re-engineering, change management,T transformation & turnaround, innovation, environment, safety. He has over 40 published papers, several awards and 11 patents to his credit..E Anand Kumar has a B.E. in Chemical Engg, FAIMA. Board Member, Trustee of several Organizations & Universities.A Abhay Nalawade: Board of Advisors, India Initiatives, invVEST.M Abhay Nalawade is the Managing Director of EcoAxis Systems Pvt. Ltd. which provides a machine-to-machine (M2M) technology platform for control, continuous remote has monitoring and analytics for energy (heating, cooling and power), water, and waste water systems, and CDMM projects. Prior to this, Abhay was the CEO & Managing Director of Thermax.. Abhay Nalawade graduated in Physics and has an MBA fromE Pune University. He also completed a program in Management Development from Harvard Business School. He is a Board Member with several Private Sector Companies.MB Dr. Ashok Jhunjhunwala: Board of Advisors, India Initiatives, invVEST.E Dr. Ashok Jhunjhunwala teaches at IIT, Madras, where he leads the Telecommunications and Computer Networks group (TeNeT). This groupR works with industry in the development of technologies relevant to India. Prior to this, he was an Asst. Prof with Washington State University. Dr. Jhunjhunwala is on the Board of Directors for State Bank of India, TTML, Polaris, 3i Infotech, Sasken, Tejas, IDRBT, Tata CommunicationsS and Exicom. He is member of Prime Minister’s Scientific Advisory Committee (SAC-PM). Dr.Jhunjhunwala received his B.Tech degree from IIT, Kanpur, and his MS and Ph.D degrees from the University of Maine. Dr. Jhunjhunwala was awarded the Padma Shri honor in 2002.S Samiran Gupta: Founding Ambassador, Delhi, India Initiatives, invVEST.AM Mr. Samiran Gupta is the founding Ambassador for invVEST Delhi. He with his company Access India Advisors Limited work closely with invVEST to build a network of thought leaders and promote an ecosystem for collaborative efforts between NGOs and Government,P Companies, Professional Bodies, Educational and Research Institutions, for massive scaling of SEI: Sustainable Energy Initiatives thatL embraces long term inclusive growth for India to emerge as a global leader in the foreseeable future. Samiran has a B.COM from Calcutta University and an MBA from St.Josephs. University.E A more detailed list of invVEST team members and their area of expertise can be found at
  19. 19. i Dr. Rajan Kapur: Director USA & India Initiatives. invVEST Ambassador, Solar Energy.n Dr. Rajan Kapur started his career in custom chip design at AT&T Bell Labs. He continued in chip and system development in display technologies and consumer electronics at start-ups and mid-sized companies. Dr. Kapur is anv alumnus of IIT Kanpur, Rice University, and the University of Texas at Austin.VE Michael Miller: invVEST Board of Advisors. Renewable Fuels.S Mike Miller has 30 years of experience in leading multi-nationals such as BP, Castrol, PepsiCo and Ford. MillerT spent the previous decade, in Europe and Asia, leading large, cross-functional petroleum teams in complex cultures and demanding environments. He was the first American appointed to an overseas CEO spot by Burmah Castrol plc. Miller holds a MBA from the Harvard Business School and has a B.S. in BusinessU Administration from Northeastern UniversitySA Dr. W.S. Sampath: invVEST Ambassador, Solar Energy. Dr. Sampath is Associate Professor in the Department of Mechanical Engineering at Colorado State University, Fort Collins, Colorado. He graduated from IIT, Madras in 1980 and has been with CSU since 1985. He is a member of theT National CdTe R & D Team sponsored by the Dept. of Energy. The research on improving the manufacturing of CdTe photovoltaics has been the main focus of his research since 1991. The research has been supported by NSF, DOE, EPA,E USAID, UN-ICS and Industry. The research is being commercialized by Abound Solar.AM Vinod Kumar: invVEST Ambassador: Energy Storage, Alternative Energy Transportation. Vinod’s specializes in the transportation sector and in the promise of electric and fuel cell driven vehicles. Vinod has a B. Tech., Mechanical Engineering, Indian Institute of Technology (IIT), Kanpur, India; MS, Mechanical & AerospaceM Engineering, University of Notre Dame; MSE, Mechanical & Aerospace Engineering, Princeton University; MS,E Statistics, Iowa State University; MBA, Cornell University. He has worked for General Motors (US) since 1994 in theM field of Hydrogen Fuel Cells and Battery packs for automotive applications. He has seven patents.B Dr. Sanjai Bhagat: invVEST Ambassador, Finance.E Dr. Bhagat is a nationally recognized expert on: Financing of high-tech ventures, Governance aspects of the subprimeR crisis,Valuation of private corporations,,Corporate governance and executive compensation. Dr. Bhagat is Professor of Finance at the University of Colorado at Boulder. He has worked previously at the U.S.S Securities and Exchange Commission, Princeton University, and University of Chicago. He has an MBA from the University of Rochester and a Ph.D. from the University of Washington.S Dr. Pramod Jain: invVEST Ambassador, Wind Energy.A Dr. Pramod Jain is a recognized expert in the field of wind resource assessment and has an in depth knowledge of all aspects of wind energy projects. He is the author of Wind Energy Engineering. He is responsible for all theM planning activities from concept to pre-construction for several large projects. Pramod is an alumnus of IIT Bombay,P University of Kentucky, Lexington and University of California, Berkeley.L Karthik Krishna: invVEST Ambassador Smart Grid Initiatives.E Karthik Krishna’s areas of expertise include smart grids, power market dynamics, distributed energy technologies, bioenergy and technology commercialization. He currently holds the position of Sr. Project Engineer at Colorado Springs Utilities . Karthik worked as a Research Engineer at Advanced Power Systems Research Center – Michigan Technological University. Karthik has been an active member of US NIST led Smart Grid Interoperability Panel. Karthik graduated with a Masters degree in Mechanical Engineering in 2006 and a MBA in 2009, both from Michigan Tech.
  20. 20. invVESTPARTNERSSAMPLEinvVEST Team has published a series of articles related to SEI scaling and energy transition, including:Sustainable Energy Overview & Strategy; Solar Energy; Smart Grid; Energy Efficiency;Education & Awareness; Wind Energy; Nuclear Energy….You can review these publications at:
  21. 21. USA-India Energy Transition Initiatives: Leverage Colorado as Energy Transition Hub:MILESTONES Proposed for 2011 to get to desired outcomes by 2014  Identify Specific Engagements that lead to Desired Outcome Energy related business between Colorado & By YE 2014 (next 4 years) India Entities Colorado Entities establish incremental $100M+  Discuss & Agree on POA, Resources, Time, Energy related business Source of Funds with IndiaJan 2011 Dec 2011 2020 2030 2014 DESIRED Desired Outcome Advise, Coordinate & Enable relevant OUTCOMES US - India Entity Meetings/Visits By YE 2020 SEI goals: 20 by 20 By Dec 2011 $ 500M+/yr. ? Focused Groups: Specific needs discussion Agreements for CO- India Large Companies/Entities that lead to Incremental Desired Outcome Large Groups: Energy related By YE 2030 Fact Finding, Preliminary, SME with common interests Business SEI goals: 35 by 30 Associations/bodies/ Govt. lead entourage & Energy $ 1+ B/yr related Trade for CO- IndiaReplicate for other USA based Entities DRAFToutside Colorado on Case by Case basis 21
  22. 22. Joint Initiatives are a two way street, While many Colorado initiatives can be adapted for India Energy Initiatives, We can learn from many India energy initiatives….