In a world where environmental concerns are escalating by the day, the need of sustainable and eco-friendly solutions has become increasingly crucial. Amidst the rising demand for renewable energy, a Mumbai-based company is gaining recognition for revolutionizing power generation and distribution. OMC Power, a pioneering renewable energy services company (RESCO), has emerged as a true innovator in the industry. With a steadfast commitment to providing dependable and cost-effective power, OMC Power is reshaping the energy landscape, one microgrid at a time.
Established in 2011 by a group of telecom industry veterans, OMC Power doesn't just construct and operate power plants and smart mini-grids – they also own them. Their primary focus revolves around harnessing solar and wind energy to cater to a diverse clientele, including telecom companies, businesses, and rural off-grid communities in India and Africa.
Today, the company boasts an impressive portfolio comprising roughly 270 power plants with a generating capacity of 15 MW and 5 MWh of storage. However, what truly sets OMC Power apart is its expansive 250 km grid network that serves over 20,000 customers, spanning businesses, households, and telecom towers.
The Unique Edge of OMC Power
Diverse renewable technologies, with solar power as their cornerstone, and the integration of micro wind turbines ensure a continuous electricity supply, even during nighttime hours, thereby reducing the reliance on diesel generators.
But OMC Power's commitment to sustainability doesn't stop there. They are actively exploring the incorporation of CNG (Compressed Natural Gas) and LNG (Liquefied Natural Gas) as alternatives to diesel, further minimizing their carbon footprint.
Energy storage plays a pivotal role in OMC Power's strategy. Having transitioned from lead-acid batteries to maintenance-free VRLA batteries and lithium-ion batteries, they have not only increased efficiency but also contributed to cleaner and more sustainable energy solutions. Their relentless pursuit of innovative storage technologies continues to drive their progress.
OMC Power understands that merely providing electricity is not sufficient; it's about delivering tailored solutions that meet the unique needs of their customers. They have implemented smart grids and smart energy meters that adapt to customers' requirements. Moreover, they have introduced a pre-paid business model, enabling customers to effectively manage their electricity budgets.
This customer-centric approach is particularly vital in rural areas, where affordability and access to electricity are integral to economic development. OMC Power's dedication to helping communities "climb the energy ladder" is evident in their efforts to provide not only power but also opportunities for prosperity.
A Blueprint for Success
At the core of OMC Power's remarkable journey lies the ABC model, consisting of three distinct segments that shape their triumphant approach:
In the 'A' segment, OMC Power takes on the responsibility of supplying electricity to telecom towers in off-grid regions, replacing outdated diesel generators with sustainable power sources. Through long-term power purchase agreements, this initiative benefits both the environment and telecom service providers.
In the 'B' segment, OMC Power extends its services to businesses of all sizes, encompassing petrol and irrigation pumps, mills, hospitals, banks, schools, and various other commercial establishments. Leveraging their smart grid solutions, they provide not only reliability but also substantial cost savings, significantly contributing to the growth of these enterprises.
In the 'C' segment, the company directly delivers electricity to rural households from their power plants. By maintaining accessible pricing and offering tailor-made packages, they make clean energy an affordable reality for every household. This approach goes beyond mere power provision; it serves as a catalyst for transforming lives and uplifting entire communities.
Scalability and Sustainability
A fundamental question in the renewable energy sector is scalability. According to Rohit Chandra, CEO of OMC Power, any initiative with significant social, environmental, and economic impact can only thrive if it is scalable. The company recognizes the need for substantial capital expenditure for growth, which necessitates partnerships with equity investors and lenders. This robust business model ensures financial viability and long-term sustainability.
As OMC Power looks to the future, it harbors ambitious expansion plans. With a goal of increasing its number of plants from 270 to 1000 in India, particularly in Uttar Pradesh, the company aims to reach millions of people in need of reliable energy. Their vision extends beyond India, as they plan to expand into African and Asian countries, further solidifying their position as a global leader in distributed energy solutions.
Backed by esteemed partners like Mitsui & Co and the Rockefeller Foundation, OMC Power aspires to grow beyond 1000 plants in India, scaling up to 5000 plants. Their dedication to the ABC business model ensures that not only businesses thrive but also communities flourish, making clean and affordable energy accessible to all.