Press release from Business Wire India
Source: First Energy Private Limited
Thursday, September 01, 2011 02:00 PM IST (08:30 AM GMT)
Editors: General: Consumer interest, People, Social issues; Business: Advertising, PR & marketing, Agriculture, Business services, Energy companies, Healthcare, biotechnology & pharmaceutical, Heavy industries, Mining companies; Technology
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First Energy gets The World Economic Forum Award
First Energy, Indian firm marketing Oorja branded Biomass energy solution, gets Tech Pioneer 2012 Award
Pune, Maharashtra, India, Thursday, September 01, 2011 -- (Business Wire India) -- First Energy ,an alternate energy company from India, makers of Oorja branded Stoves and Fuel pellets made from Agri residues, has been selected as one of the top 25 Technology Pioneers 2012 by The World Economic Forum. The World Economic Forum today announced its new class of Technology Pioneers, comprised of 25 of the most innovative technology start-ups from around the world. These companies represent the latest generation of innovation and are poised to have a critical impact on how business and society work.
The Technology Pioneers 2012 will be recognized for their work at the Annual Meeting of the New Championspions in Dalian, People's Republic of China, from 14 to 16 September 2011.
The Technology Pioneers 2012 selected were drawn this year after a rigorous selection process from over 800 organizations in the fields of information technology and new media, energy and environment, and life sciences and health where they are active in a variety of areas, illustrating the broad range of impact they have on the world.
"One particular aspect to highlight this year is the large number of companies that are focusing on having a social impact, such as providing health or financial services to underserved populations, while revolutionizing the business paradigms in their industries," said Olivier Schwab, Director, Head of Technology Pioneers, World Economic Forum. "This year's companies showcase the diversity in which innovative technology can be deployed to benefit business and society".
First Energy was spun from BP in 2009 when its founders Mahesh Yagnaraman and Mukund Deogaonkar partnered with The Alchemists Ark to continue the concept developed while in BP. The firm is focused on providing affordable alternate energy solution to commercial segment consisting of caterers, restaurants, and hostels and also household customers in rural/semi urban parts of India. First Energy through Oorja has reached over 3000 commercial customers in Hyderabad, Bangalore, Chennai and Pune and over 500,000 household customers in rural Maharashtra and Karnataka. "The pioneering aspect of the work done by First Energy", as per Mahesh Yagnaraman, CEO, "is not in creating breakthrough technologies but in trying to develop sustainable business models using technologies that provide real alternative affordable energy options to different customer segments".
www.firstenergy.in
CONTACT DETAILS
Mahesh Yagnaraman, First Energy Private Limited, +91 (20) 27277108, maheshyagna@firstenergy.in
KEYWORDS
CONSUMER, PEOPLE, SOCIAL, MARKETING, AGRICULTURE, BUSINESS SERVICES, ENERGY, HEALTHCARE, HEAVY INDUSTRIES, MINING, TECHNOLOGY
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