Anchor Group has published a white paper on “Utility-scale energy storage at the inflection point”. Based on and extending work done with some of our clients – leading energy firms in Europe and India – we landscaped a universe of approximately 90 companies over a 6-month period. Our findings indicate a market poised to grow rapidly, with several emerging vendors looking to challenge the incumbent technology and an opportunity for leaders to substantially reshape the market.
Demand for utility-scale energy storage is poised to explode over the next decade, with a project pipeline of 15GWh globally at the end of 2018. Emerging markets, in particular India and China, will drive a significant portion of this growth driven by expansion of renewable and distributed energy sources, supportive regulation, and improving economics. India, in particular, is seeing substantial demand for energy storage technologies, given the need to expand the country’s technology base.
Looking at applications for stationary storage in general and grid-scale storage in particular, we landscaped approximately 90 companies globally and developed a thesis on the future of the market. Our findings suggest a landscape that is fragmented but with substantial innovation in technologies and approaches that will change the solution set available to energy companies.
In this emerging landscape, finding and capturing investment and new business development opportunities– whether strategic or financial – requires taking a holistic view, developing specific solutions and marrying them to the right business model. For those that can do so, storage offers the same opportunity today, as solar PV or wind did over the last decade.
Come and meet our Venture Partner, Raghav Kanoria, on 10 December 2018 at the Business-Mediation Summit to sensitize the start-up industry and the Micro Small Medium Enterprises (MSMEs) sector across the country, with better dispute resolution practices and management tools. The highlight of this event is going to be the “Start Smart Awards 2018″, where the top start-ups of different zones of India will be felicitated.
The summit is being conducted in four cities across India – Kolkata, Chennai, Mumbai and Delhi – under the Indian Mediation Week (IMW) campaign, which is supported by Ministry of Law and Justice, Government of India, Indian Institute of Corporate Affairs, Ministry of Corporate Affairs and Hon’ble Justice Madan Lokur, Supreme Court Mediation and Conciliation Project Committee
The purpose of these awards is to recognize top start-ups across India and encourage the commercial sector of India to follow smart business practices, be compliance friendly and be updated with regulations and schemes which affects them. There will be panel discussions on smart and ethical business management practices which the start-up industry and MSMEs sector can imbibe from the beginning.
Raghav will be a speaker on the panel on “How to make doing business easier”, focusing on the policies introduced by the Government of India to improve the ease of doing business inq India.
Come and meet our Managing Partner, Dweep I. Chanana, at the upcoming Alpine High-Tech Venture Forum on 22-23 October 2018 in Lausanne, Switzerland.
The Alpine High-tech Venture Forum (AHVF) is a unique event for the most innovative entrepreneurs and investors operating in Switzerland and its surrounding regions in Italy, France, Germany, and Austria, focused on Life Sciences, Clean Technology and Information Technology. This year in its 7th edition, the event presents to the world leading innovative companies, including those spun-off from the leading technology hubs of Lausanne, Zurich and Southern Germany.
Dweep is a member of the Selection Board and Jury of the High-Tech Venture Forum. Some 40 early-stage companies active in the high technology sectors will be selected to present at the Forum by the Selection Board, who will assess them on the basis of their business potential, technology merit, competitive position, investment interest and team experience. Dweep focused on evaluating companies in the industrial, communications and IT sectors.
Anchor Group is pleased to announce the expansion of its Industrial Innovation Platform into the UK, with the addition of Santiago Tenorio as Venture Partner based in London. An entrepreneur and investor, Santiago brings over 10 years of experience investing into or advising family offices on early-stage technology startups, with a particular focus on AI, robotics, mobility, and digital assets.
Santiago was previously Head of Investments at a multi-billion dollar family office, where he launched Rewired, a $100 million thematic investment vehicle focused on Robotics, AI and mobility. He has also led a Global Partnerships & Innovation team at American Express’ Commercial Payments division and worked at Blackrock and at BAML’s Technology, Media & Telecom Investment Banking group. A successful entrepreneur, he is currently a founding sponsor of Aguadulce LNG, an energy infrastructure project in development in Colombia and has previously co-founded or led multiple startups in the FoodTech, F&B and social gaming sectors in the UK.
“The UK is a major innovation hub for industrial and high-tech startups. We are delighted to have Santiago join us to drive, in particular, our engagement with early-stage technology startups and with industrial families in the UK, EU and in Latin America. He brings a unique mix of entrepreneurial, corporate, and investment experience and a network of early-stage startups critical to further develop our investment platform,” said Dweep Chanana, Managing Partner.
“Bridging collaborations – whether through investment or partnerships – between industry incumbents and technology innovators has been one of my main drivers for most of my career. There are world-class technologists and inventors coming out of the European tech ecosystem and a growing interest from FOs and family-owned businesses to tap into that innovation through investing in early-stage tech. I am excited to join forces with the team at Anchor Group to expand the reach and impact of the Industrial Innovation Platform to new markets”.
If you follow the evolution of industrial IoT, September started with two significant M&A transactions – MunichRe bought Relayr and Nemetschek SE acquired MCS, a leading IoT platform for building management.
Over the past 2 years I have evaluated over 50 such platforms and over 200 analytics companies – and have been exposed to many more. For our clients, we have prepared a detailed overview of the market, its value chain, and vertical specific market maps.
These two transactions represent an acceleration of the consolidation of the industrial IoT platform and analytics landscape. Read the full article here.
Join us and meet our Venture Partner, Raghav Kanoria, at the upcoming India Economic Forum, organized by the Merchant’s Chamber of Commerce and Industry on 15 September 2018 at the Taj Bengal in Kolkata.
Established in 1901, the MCCI is one of the most active Chambers of industry in Kolkata and in East India. Since those early days, the organization has continued to pursue its objective to provide a sense of integrity, secularity and idealism to the business community of Eastern India. The Chamber today has over 650 direct members, with a particular emphasis on representing SMEs, as well 22 affiliated industry and trade associations.
Raghav joins a high-profile list of speakers, including senior representatives from KPMG, the World Bank Group, IMF, YES Bank, and the India Infrastructure Finance Company. For a full program, click here.
Raghav Kanoria has today joined Anchor Markets as a Venture Partner, focused on expanding the company’s Industrial Innovation Partners platform in India.
An entrepreneur and investor himself, Raghav has been a driver of the startup ecosystem in East India. He ideated and co-founded India’s third largest angel network (Calcutta Angels) and is also co-founder of Neoleap, East India’s first private startup accelerator.
During his career, Raghav has been part of several pioneering strategic and financing initiatives – he was part of the management team of Brand Capital, an initiative of the Times of India Group, which grew to become a USD 1bn program; he has also been a key member of the strategy and alliance team for the setup of a USD 200mn greenfield real estate fund for Ambuja Realty and a USD 250mn infrastructure fund for SREI Group. Till recently, he was a member of the Innovation Task Force of the Confederation of Indian Industry (CII).
“We are excited to have Raghav join the Anchor Markets ecosystem to drive our activities in India. He brings a unique mix of experience with startups and industrial conglomerates necessary to strengthen investor engagement and support development of our portfolio companies,” said Dweep Chanana, Managing Partner.
Raghav is a regular speaker at conferences worldwide on a range of emerging topics, and is deeply engaged with educational institutes and Chambers of Commerce in East India.
India is fast reaching a point of surplus energy. Yet, the country’s ambitions continue to outpace reality – in case you missed it, India recently announced its intention to float a tender for 100GW of solar power.
Head over to our Medium channel to read our view on the future of energy in India, in a world of falling prices and zero marginal cost of energy provision.
Join us and meet our Managing Partner, Andriana Oikonomopoulou, at the upcoming Greece – India Business Forum on 19 June 2018 in Athens.
The forum, held to commemorate the visit of the President of India to Greece, brings together leading policy and business leaders to encourage greater business collaboration between the two countries. Anchor, an established cross-border market expansion specialist, has continued to support companies seek new business opportunities across Europe and India. Already active in Switzerland, Germany, and the UK, the firm is expanding its footprint into Southern Europe and Greece.
Come meet our Managing Partner, Dweep Chanana, at the Horasis India Meeting in Malaga, Spain from June 24-25, where he shall be speaking on “Envisioning and Building Smart Cities”.
Held annually for 10 years, the event brings together over 300 senior executives, investors and policy makers to inspire India’s future and has become one of the foremost annual meeting of Indian business leaders and their global counterparts. The theme this year is particularly relevant to Anchor’s work – the 2018 Horasis India Meeting will explore Indian firms’ rise to global eminence, debate how to grow India’s economy rapidly and sustainably, and examine how to use Europe as a springboard for globalization.