Episode Summary
In this episode, Benoy and his co-host, Andy Daniels, Head of Tech Support for the Americas at LuxpowerTek, delve into the fascinating journey of their Shenzhen-based solar and storage inverter manufacturing company as they establish a local team and services to 'back up the backup' in the competitive US market. Join them as they explore the unique aspects of the US market, including its stringent regulations, solar production bankability, and policy incentives such as the Inflation Reduction Act, which set it apart from other markets worldwide.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
Before founding Reneu Energy, he was the Environmental Commodities Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of Tesla to move into the east coast markets.
Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
LuxpowerTek
In today's world, an increasing number of people recognize distributed energy storage systems as the ultimate solution for achieving energy independence. These cutting-edge systems empower users with energy freedom and help alleviate imbalanced energy transmission for power grids.
At LuxpowerTek, they stand at the forefront of this transformative industry. Backed by an experienced R&D team boasting over two decades of expertise, their unwavering commitment is to provide high-quality energy storage solutions tailored explicitly for residential users.
They take pride in excelling in key areas, including intelligence, affordability, ease of installation, safety, and adaptability to diverse scenarios. These attributes position them as one of the most attractive choices available in the global solar and energy storage market today.
In 2023, LuxpowerTek has gone the extra mile by establishing a local service and technology team in Chino Chill, California. This strategic move ensures that they offer “always accessible locally” service to clients and users. It reflects their commitment to maintaining a strong local presence, achieved through the establishment of dedicated teams and valuable partnerships with local experts, distributors, and installers.
HQ Website: https://luxpowertek.com
US Website: http://www.luxpowertek.us
Facebook: https://www.facebook.com/LUXPOWERTEK
Andy Daniels
Andy is the Head of Tech Support and training in the USA/North America and South Africa for Luxpower. His responsibility is to manage and set up a network of Tech Support for Luxpower in these regions using various communication channels.
He is also the MD of Aspergo Energy Pty Ltd in South Africa, where we import and distribute Luxpower in southern Africa.
Andy studied Mechanical Engineering and Design and started out as a designer. In 2001, Andy completed a Bachelor of Technology in Business Management and started Aspergo in 2008.
Stay connected:
Benoy Thanjan
Website: www.reneuenergy.com
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Facebook: Reneu Energy
Subscribe to our podcast + download each episode on iTunes, Podbean, YouTube, and most of the major podcast platforms.
This episode was produced and managed by Podcast Laundry.
SMP 99: Why the 1970s was the most important decade for the United State's energy future?
SMP 98: Innovative Financing Options for Land on Solar Projects
SMP 97: Innovative Strategies in Acquiring Customers for Community Solar
SMP 96: Solar Finance Expert discusses what makes project financeable and future solar trends
SMP 95: Solar Practitioner and Influencer discusses Midwest Solar Market and Energy Storage
SMP 94: How GAF ENERGY is innovating the solar and roofing industries?
SMP 93: Solar Trends and 2020 Year in Review
SMP 92: Expert’s Insights and Predications on Solar and Energy Storage
SMP 91: Residential Solar Manufacturer innovates with their design, higher capacity panel, and strategic partnerships
SMP 90: How Sage Energy Consulting lowers operating costs for their clients through the incorporation of different renewable energy technologies?
SMP 89: Solar Expert is the First Person to Drive Cross Country in Solar Electric Vehicle.
SMP 88: The New Paradigm in Clean Energy Marketing
SMP 87: How Summit Ridge Energy became one of the largest owners of community solar projects in the US?
SMP 86: How Renewable Energy is Partnering with Crypto Mining?
SMP 85: Energy Expert's Perspective on Solar Plus Storage and Electriciation of the Transportation Fleet
SMP 84: Midwest Solar Market Commentary and how Clean Energy will be major part of the Economic Recovery
SMP 83: NJ Solar Market Overview
SMP 82: Startup Focuses on Technology Innovations for Solar Panels
SMP 81: Keys to Entrepreneurship Success from John Lee Dumas, Creator of a Multi-Million Dollar Podcast Empire
SMP 80: Deep Insights and Predictions on Solar and Energy Storage Technology and Quality Trends
Create your
podcast in
minutes
It is Free
The Silicon Valley Astronomy Lectures Podcasts
Rationally Speaking
Big Ideas: Science
Math Mutation
The Science Bar Podcast