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Aspiration Energy
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Short description

Developer/provider of solar industrial process heaters with a monthly payment model

Founded in 2010
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters India Chennai, India
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Updated by Viji Suresh at Aspiration Energy Private Limited on 07/29/2015

Edited by Cleantech Group on 08/18/2021

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Grundfos Grundfos

Grundfos is a global leader in advanced pump solutions and a trendsetter in water technology. The company contributes to global sustainability by pioneering technologies that improve quality of life for people and care for the planet. Aspiration Energy installed a 51.84 kW rooftop solar plant at its headquarters, which is capable of generating 78000 kWh of power annually.

Confirmed by Grundfos

Partnerships
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Date Partner Type
02/01/2010
9Ren Group 9Ren Group
9REN signed a agreement with the company Aspiration Energy, which concerns development of solar energy on the Indian market.
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Confirmed by 9Ren Group
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IPO INFORMATION

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IPO status

IPO Type

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Exchange listed

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Description

Date Investors Type Amount
03/12/2010 Center for Innovation Incubation and Entrepreneurship Center for Innovation Incubation and Entrepreneurship (1)
Post-money valuation of
Seed
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Products
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Product image Name Product status Revenue model Cost metrics

Pay As You Save - solar Industrial Process Heat 90 deg c - 130 Deg C

ETHP based industrial heaters

Pilot/Early Revenue Usage Fees
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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