BioSky Technologies: Renewable Energy with Space Intelligence

This post is a part of the Early Stage Climate Startup series from Climafix 2024

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BioSky uses satellite intelligence and AI to enhance site selection accuracy, improved energy forecasting, optimized operations and maintenance (O&M) for solar and wind energy projects.

Satellite Intelligence & Energy Forecasting for Renewable Energy Projects: Using satellite data, spanning over two decades, for potential renewable energy sites. This technology enables the identification of optimal locations for solar and wind installations, reducing IRR (Internal Rate of Return) fluctuations by 4-5% due to poor site selection. Additionally, real-time satellite data delivers highly accurate energy forecasts for solar and wind projects.

Sub-Optimal Site Selection: Traditional methods lead to suboptimal site selection for solar and wind projects. BioSky’s satellite based solutions enhances site selection with forecasting accuracy.
High DSM Penalties: Inaccurate energy forecasts lead to high Deviation Settlement Mechanism (DSM) penalties, BioSky’s precise forecasting tools avoid these penalties.

Higher yields from renewable energy projects enable a greener and more low carbon grid

Current Target Segments: Independent Power Producers (IPPs), renewable energy developers, banks, and state electricity boards.
Future Target Segments: Expanding product suite to cover the entire renewable energy value chain, from site feasibility studies to predictive maintenance and green financing solutions.

BioSky uses multi-source satellite data (decadal and real-time), including high-resolution imagery and atmospheric metrics combined with AI, to achieve a forecasting accuracy that is significantly higher than the industry average, reducing financial risks for investors.
Backed by INSPACe and ISRO, for regulatory advantage and access to space technology.

Saurabh Kapil (CEO): With over 10 years of experience in strategy consulting and space technologies, Saurabh has led multiple national-level space projects for ISRO and other agencies. He has a proven track record of leveraging space data to solve complex challenges in renewable energy.
Abhinav Kshitij (CTO): An ex-ISRO space scientist with a background in atmospheric sciences, Abhinav brings deep technical expertise in developing space-based applications, including data products for satellite missions like RISAT and SAR.
Dr. Tanul Gupta (Chief Data Scientist): A quantum algorithms specialist, Tanul has been instrumental in developing advanced algorithms for space missions, including Chandrayaan 2.