This year marks the tenth edition of TechSparks - YourStory's flagship event that brings together the who's who of the industry under one roof. It's also the time when we reveal our tenth batch of Tech30 companies. Every year, we proudly present a carefully chosen list of 30 young and promising startups that we believe have the potential to be major disruptors. The theme for TechSparks 2019 is'India 2025: Inclusive, Future-ready, and Intelligence-led', and we believe that this year's Tech30 companies will enable India to move closer to becoming ready for the future and intelligence-led. Harnessing technologies such as AI, machine learning, data analytics, and blockchain, these 30 companies are looking to solve problems across sectors and disrupt the market with new, innovative ideas.
Ever imagined using energy from your own rooftop solar panels to power all your air-conditioning units, heat up water and charge your smartphone? This can now be a reality. In Singapore, smart-enabled HDB flats to be completed in Punggol next year will allow homeowners to track energy consumption via a mobile app, and control just about any appliance that is connected to a power source. By 2040, one billion households and 11 billion smart appliances can actively participate in interconnected electricity systems, allowing these to alter when to draw electricity from the grid, according to the International Energy Agency (IEA). Other demand sectors, such as transport, buildings and industry, are also feeling the effects of a seismic shift in the energy sector.
Casual observers of clean energy are often surprised by its limitations. Greenhouse gas emissions have fallen in California by 13 percent since 2004, even as the economy has grown by more than a quarter. That unprecedented reduction is partly the result of increased dependence on natural gas, which is cleaner than coal, but mostly because of the falling costs of renewable energy. The change is wonderful: Between 2008 and 2015, the price that energy utilities paid for solar energy fell by 77 percent, and wind decreased 47 percent, according to a report by the California Public Utilities Commission. Those falling costs encouraged energy providers to construct solar and wind farms all over the state.
The energy storage industry has grown to become a $100 billion market, projected to reach $250 billion by 2040. This massive valuation is due, in part, to more than 50% of consumer energy bills being attributed to peak hour charges. Noticing the need to make energy usage more affordable and efficient, paired with a passion to improve the planet, one entrepreneur launched a company aimed at transforming the way we use energy. Founded in 2009 by Vic Shao, Green Charge Networks designs and installs commercial energy storage systems. Their mission is to empower businesses, municipalities, and schools of all scales to use energy more efficiently, by limiting carbon emissions and minimizing costs through servicing energy storage.
"I don't want you to be hopeful. I want you to panic. I want you to feel the fear I feel every day. And then I want you to act on changing the climate"– Greta Thunberg Greta Thunberg is a 16-year-old Swedish schoolgirl, who is famously called as a climate change warrior. She has started an international youth movement against climate change and has been nominated as a candidate for the Nobel Peace Prize 2019 for climate activism. According to a recent report by the Intergovernmental Panel (IPCC), climate change is seen as the top global threat by many countries.