Que: 2023: Unveiling Business Odyssey

Ans: With an unwavering commitment for last 75 years, providing highest quality energy solutions to customers, Jakson Group today is a leading energy and sustainable solutions company, aiding sustainable development, and electric power generation with a range of products and services.

In the traditional distributed energy business, the company has launched highly efficient CPCB IV+ compliant generating sets with improved controls and lower emissions and started production at the new genset plant in Phaltan, Pune, in addition to the existing plant at Kalsar, Gujarat, with a total capacity to manufacture 15,000 gensets every year. With a belief that Battery Energy Storage Systems (BESS) will radically transform how we use energy, Jakson introduced Enerpack-Battery Energy Storage System–3 kW to MW scale. Apart from increasing its solar PV module manufacturing capacity to 1.2 GW recently, the company has been providing customized solar rooftop solutions with a portfolio of over 100 MW installations in last 3 years. We are actively pursuing aggressive exports to the US and European markets for solar modules as well as bringing in new age tech for manufacturing facilities.

Jakson Green, the new energy transition platform supported by Jakson Group, is India’s leading tier-1 EPC company in the renewables, green hydrogen and derivatives domain. Within just 1.5 years of inception, the company boasts of a project pipeline of more than 3,800 MW(dc) of solar EPC projects and asset portfolio under development of nearly 1,000 MW. Jakson Green has joined the top three solar EPC companies in India to secure substantial projects in the Middle East in the past 5 years. The company has undertaken unique projects with a leading PSU, ranging from electrolysis-based hydrogen production for process plants to the creation of low-carbon green methanol and hydrogen for transportation fuelling. We are by far the largest hydrogen EPC in India with three marquee projects to our credit. We have also set-up a 100 MW Alkaline based electrolyzer manufacturing facility in Greater Noida.

Jakson group has been showcasing its prowess across the globe and has participated in Intersolar-Germany and exhibited in the RE+ US and ventured into international markets. The top management has been actively involved in various discussions during the recent COP 28 held at Dubai and is engaging with WEF across several spectrums. Jakson is one of the few companies to sign the Industrial Transition Accelerator at COP28, which underscores its commitment to environmental leadership amongst a select group of global companies. The group also advocates tripling of worldwide renewable energy capacity by 2030 and is part of the Global Renewable Energy alliance—amongst just 250 companies globally who signed the open letter to world governments and leaders.

If we talk about capacity addition and expansion projects in 2023, Jakson Group won major contracts in the electrical, water, and civil segments. The Company is progressing on the construction of a bio-ethanol manufacturing plant in Madhya Pradesh with a capacity of 150 KLPD, which is expected to be commissioned in January 2024.

Que: 2024: Unlocking New Horizons

Ans: For FY 23-24, we have strategized to double our revenues to USD 600+ million (from ~USD 375 million in FY 22-23) and expect a steady growth in years to come. Our major focus is on building assets across the energy spectrum ranging from solar IPP, ethanol production, CBG production from food waste/ agro-waste, etc. We are also exploring to set-up data centers starting with the first such center in Delhi NCR. We plan to focus on solar rooftop, Battery Energy Storage Systems (BESS), and hybrid solutions. Our solar business will actively pursue exports to the US and European markets as well as focus on bringing in new age technology across the value chain.

Our infra business is focusing on electrical, water, and civil contracts for sustainable growth in both domestic and international markets. We are expecting exponential growth, particularly in EPC contracts, grid-scale solar projects, green hydrogen, and methanol projects.

Apart from these, we are commissioning world’s first low carbon methanol (CO2 to methanol) project along with two other green hydrogen pilot projects. We are also commissioning our first ethanol plant in Balaghat, Madhya Pradesh, and in the process to produce CBG from agro-waste and engaging with 25,000 farmers in Balaghat to positively impact their lives.

Overall, the company is on a transformative journey, focusing on sustainable growth, product diversification, and expanding its presence in both domestic and international markets.

Que: Navigating Growth: Ushering in New Trends

Ans: The Indian industry is currently experiencing robust growth, underpinned by a combination of factors that highlight its promising future. One of the primary drivers is the Indian government’s steadfast commitment to renewable energy and sustainable development. Our Prime Minister’s Panchamrit commitments of 500 GW non-fossil fuel energy capacity including 450 GW of solar and wind by 2030, will be a huge driver for this sector. Initiatives such as PLI schemes for Green Hydrogen, Solar, Advanced Cell Chemistry, etc., and the National Solar Mission along with various state-level policies have created a conducive environment for the growth of the energy sector. However, in the solar space, more efforts are required for complete backward integration of the planned module manufacturing capacity, for which I am sure the government will be taking steps in the times to come.

Government Commitment: Strong government initiatives are creating a favourable environment for growth. Emphasis on Rooftop solar, solar pumps, microgrids, pilot projects for hydrogen use cases, etc., will help in the reduction of carbon emissions as well as ensure accessibility to reliable power.

Cost Reduction: Declining solar component costs make solar energy increasingly competitive and economically viable. Economies of scale in other areas are expected to drive down costs in the times to come.

Increasing Demand: Growing awareness of environmental issues is fuelling demand for sustainable energy solutions.

Infrastructure Development: Improvements in grid integration and storage facilities support the scalability of solar & various other pilot projects.

We are optimistic about the industry’s future and its role in India’s sustainable energy landscape and I am confident that Jakson will play a key role towards the same.