We are a renewable energy company working in different verticals such as solar PV, CSP (Concentrated Solar Power) and Biogas. As there is no exclusive renewable energy application that can be applied to different geographical locations, we aspire to have a presence in all applications such as small wind, solar PV, CSP, small hydro and biogas.
We at Luit believe that the only approach to ensure the supply of electricity along with a reliable connection to rural India lies in the decentralization of power using the available natural resources in the area such as wind, solar, hydro and biogas. The conventional approach is not only detrimental to the environment but practically impossible. In the pursuit of total grid connectivity and continuous power supply through fossil fuels, we are loosing precious resources in terms of monetary value as well as depleting natural resources such as copper used for wires. If we analyze the cost of the conventional grid infrastructure and the rising cost of coal with the generation losses over long distance transmission, renewable energy is less expensive and more sustainable from the vantage point of economics as well as environment.
We realize that for renewable energy application to make economic sense, there will have to be development in areas such as energy storage, i.e. reliable supply of power when the sun is not shining or the wind is not blowing. We are working on integrating solar electricity generation with fuel cells for this purpose and would be providing solutions to industries, urban homes and rural electrification agencies.