Promethean Power Promoters
Promethean Power Systems a Boston, MA based manufacturer and designer of rural refrigeration
systems for commercial cold-storage applications in off-grid and
partially electrified areas of India has received the nomination of this year's Katerva Awards.
The Katerva Awards are considered as the pinnacle of global sustainability
recognition. Through them, the best ideas on the planet are identified,
refined and accelerated toward impact at a global level. Katerva Award nominees must undergo a rigorous evaluation process to
be eligible for the grand prize. The practical, strategic, scientific,
social and commercial aspects of each project are thoroughly analyzed
through a meticulous ten month review process. More than 800 individuals
participate in the nominee identification and adjudication process
including six filtering phases and twelve stages of focused review.
Also in May of 2012, Promethean Power Systems became the winner of the first
US-India Science and Technology Endowment Board Grant (IUSST) for its
innovative refrigeration system.
So what does Promethean Power Do?
Promethean Power Manufactures Rapid Milk Chillers, which is a milk refrigeration system that eliminates the need for diesel-generator backup.
The product is designed for raw milk supply networks that operate in
rural areas where grid power is unreliable. This complete, rural
refrigeration system features their own patent-pending rapid heat
exchanger that cools milk immediately to arrest bacteria growth and maintain milk quality according to international standards.
Promethean Power’s maiden milk refrigeration unit operates with thermal energy storage technology, which needs no Electricity. This patent pending battery pack stores and releases large amounts of
thermal energy rapidly and cools milk immediately, bringing the
temperature of milk from 35 degrees Celsius to 4 degrees Celsius almost
instantly. Each refrigeration unit costs $7500 USD and has a payback
period between 2 and 4 years compared with conventional milk coolers.
Tapping the Untapped Milk Market:
India, the world’s largest producer and consumer of milk, struggles
with undependable cold-chain supply networks that result from a lack of
reliable grid electricity and the high capital and operating cost of
diesel refrigeration units. Much of the raw milk produced by India’s $14
billion dairy industry spoils before it can be collected and
refrigerated due to high transport costs and the remote location of
villages.
The Drivers:
The Startup was founded by Sorin Grama, who completed Masters of Science in Engineering & Management from MIT and Sam White, who worked in Economist Group. Also Promethean's Indian Operation is headed by
Rajat Gupta, who finished his MBA in Harvard Business School and Mechanical Engineering from IIT.
Article written by Rahul R Prabhu
For More Details Contact: rprabhu@renewindians.com