Ultimate Sun Systems helps clients use renewable energy for affordable power. India’s climate makes it perfect to harness solar power as feasible source of energy for the country. India receives about 2,300 to 3,200 hours of sunshine every year which is equivalent to 4 to 7 kWh/square-meter of solar energy. The amount is enough to meet the consumption requirements of the country. The rise in price and fall in stock of fossil fuels has only made solar power seems to be the best option.
Ultimate Sun Systems is working in the direction of bringing India closer to harnessing solar energy. The startup does Engineering, Procurement and Construction (EPC) of solar power projects across all segments –residential, commercial, and industrial. It offers many services in the field of solar energy and renewable energy including consultation, project design, project development and execution services along with operation and maintenance. Though the portfolio of company is not just restricted to EPC but offers sundry investment opportunities by working on both CAPEX (Capital Expenditure) and OPEX (Operating Expense) business models.
Ultimate Sun Systems was incepted in 2013 by Balwant Singh Yadav who has more than 30 years of experience in renewable energy and energy conservation planning and implementation and had even served as a top management official for companies like HAREDA (Haryana Renewable Energy Development Agency), Elcomponic and RS India (Solar and Wind). In his three plus decades of work experience, Balwant figured out that there is a large gap between high quality and cost efficient personalized clean power solutions.
During one project, Balwant met Narender Kumar (37), he holds 16 years’ experience in planning and execution in different sectors including solar. In their meeting the duo explored that the existing challenges are making the growth of solar industry sluggish and they worked towards overcoming these. This was when the idea of Ultimate Sun Systems took place in their heads.
“What encouraged us was the lack of know-how and proper expertise in installation of solar projects which deliver the best long term results and meet Government guidelines,” adds Balwant.
There came in another partner Himanshu Yadav (27), a graduate from BITS Pilani, Goa. HImanshu has previously worked in an MNC and has also led a startup in events networking and marketing.
Know the Industry Size
India Solar Handbook is a report launched by Bridge to India (a consulting firm in India’s renewable market) in which it was reported that after getting 8.8 GW of addition this year; India will become the third biggest solar market globally overtaking Japan.
From its day one, the brand has been self-funded and does not plan to raise funds. Ultimate Sun Systems aims to become an independent power producer in the distributed power generation segment.
The brand claims that in its first year it delivered projects worth 20kW, generating a revenue of 15 lakh INR. The team has 35 employees and till now they have delivered projects worth 5MW so far, its revenue is 20 crore INR after these installations.