This post is a part of the Early Stage Climate Startup series from Climafix 2024
Highlights
- The company specializes in scalable PEM (Proton Exchange Membrane) and AEM (Anion Exchange Membrane) electrolyzers for hydrogen production.
- With a patented design, Shakti Photon’s PEM technology is adaptable for both hydrogen production and fuel cells, providing a versatile energy solution.
1. Value Proposition
- Scalability & Cost: Shakti Photon’s electrolyzers produce hydrogen at rates ranging from 500 ml/min to 10,000 ml/min, making them versatile for both small- and large-scale applications. Additionally, by reducing the use of platinum (Pt) and iridium oxide (IrO2) catalysts, it achieves a 30% reduction in catalyst costs.
- Dual-Functionality: The PEM technology enables the system to function as both a hydrogen generator and a fuel cell, providing flexibility in generating hydrogen and producing electricity from it.
2. Pain Points
- Lower Maintenance & Cost: Minimal upkeep compared to traditional systems, reducing operational costs. Cuts down on expensive platinum and iridium usage, slashing production costs.
- Flexible Output: Adapts to various industrial and energy needs with a production range from 500 ml/min to 10,000 ml/min.
3. Climate Impact
- PEM hydrogen generation technology reduces GHG emissions, enables more efficient hydrogen use and supports the decarbonization of key sectors such as transportation and heavy industry.
4. Current & Future Target Segments
- Current Target Segments: Primarily serving B2B clients (industrial gas producers, energy companies & automobile manufacturers) providing industrial-grade hydrogen generators and fuel cell components.
- Future Potential: The company plans to scale its operations to meet the demand for MW-scale electrolyzers.
5. USPs
- PEM Technology: The company uses a patented PEM design that allows for low catalyst loading of precious materials, reducing overall costs while maintaining high efficiency.
- Efficient Power-to-Gas and Gas-to-Power Technology: Shakti Photon’s PEM and AEM electrolyzers enable highly efficient power-to-gas (P2G) and gas-to-power (G2P) processes.
6. Team Profile
- Dr. Mallikarjuna Rao M (Founder & CEO): With expertise in hydrogen generation and clean energy technologies. His extensive background in proton exchange membrane (PEM) technologies and his commitment to developing affordable, scalable hydrogen solutions have been critical, under his leadership, the company has developed patented technology that addresses both cost and scalability issues.
7. Startup Headquarters
- India: Chennai