Fortum is a leading power company in the Nordics with growing businesses in the Baltics, Poland, Russia, and India. Focussed growth in wind and solar, along with creation of new energy ventures are two of Fortum's four strategy corner-stones. The Innovation Accelerator team aims to create a pipeline of varied internal start-up ventures, one of which is Solar2Go in India.

Local and distributed energy systems will play a key role in electrifying regions of the world, wherein traditional grid extension efforts have either failed or have faced challenges. With this in mind,Solar2Go was conceptualised -- a B2B digital solution to enable scaling up of mini and microgrid installations especially with a focus on India, and piloted over three sites in Uttar Pradesh, India.

The solution includes the basics of remote monitoring, control, and analytics, and in addition brings in elements of artificial intelligence, predictive maintenance, dispatch management, and P2P trading between prosumers and consumers. It helps operate a marketplace for electricity with multiple sources of generation, storages, anchor loads, consumers, and the central grid, with a goal to ensure the relevance of local energy grids in the evolving energy system.

The main issues addressed in the presentation include:

1. Learnings from three remote microgrid pilots in India
2. Proposal for grid-interactive microgrid business models
3. Vision of a Local Solar Economy

Speaker