Ardeshir Contractor Gives Energy and Environment Discovery Themes Seminar February 7

Join us Tuesday, February 7th at 2:00 PM for “Factors Influencing Product Innovation in Solar Markets,” an Energy and Environment Discovery Themes Seminar with Ardeshir Contractor, Founder and CEO of Kiran Energy, IMR Executive in Residence, and Ohio State Mechanical Engineering alumn. This talk will focus on both product innovation in solar energy and innovation in sustainability financing, and will be of interest to those working in materials science, energy policy, clean tech, entrepreneurship,  global sustainability, business and finance, and innovation.

 

Energy and Environment Discovery Themes Seminar

 

 

Contractor photoArdeshir Contractor, Founder and CEO, Kiran Energy

Factors Influencing Product Innovation in Solar Energy Markets

Tuesday, February 7, 2017

2:00 – 3:30 PM

Mason Hall, 2nd Floor Rotunda, 250 West Woodruff Avenue, Columbus, Ohio 43210

Reception immediately following program

Registration: Discovery Themes Survey RSVP 

 

 

 

Co-sponsored by the Materials and Manufacturing for Sustainability Discovery Theme focus area, Institute for Materials Research and Fisher College of Business

 

Abstract

Background

In 2010, Ardeshir Contractor raised $80M from three US private equity investors and a joint venture with First Solar to build Kiran Energy – a solar energy utility at the forefront of India’s solar energy market.  In its journey, the company examined and deployed multiple innovative products seeking higher performance with leap-frog cost economics and also set early benchmarks in non-recourse project financing.

This talk will focus on both product innovation in solar energy and innovation in sustainability financing.  The size of the solar energy market is significant – nearing an annual investment in solar energy new power plants of $250B.  Solar modules, inverters, monitoring systems, and storage comprise most of this number.  The addressable market for the introduction of new solar technology or product innovation is very large and allows for immense scalability.  The solar market is truly global both in terms of markets and suppliers.

 

Product innovation in solar energy

The seminar will include a review of effective product introductions, many of which exhibit similar characteristics of product astuteness and a drive to forward-looking performance and commercial targets.  Not all successes have been smooth, some of the leaders have had setbacks including unforeseen technical issues.  The large amounts of investment required for manufacturing and selling implied a constant requirement to maintain the path and story of strong financial returns.  Blending aggressive technology and commercial innovation appears to have worked. It is useful to examine how such dual innovation is embedded in a product offering.

 

Innovation in sustainability financing

Solar energy components and systems are expected to function for 20-30 years and the overlay of bankability and financing are critical especially for innovative technology.  The long-term nature of the finance and returns – coupled with the very scale of the explosive investment needs – has required the development of new financial market products and market sources.  Very quickly the sustainable financing story has evolved from government and agency support to mainline financial markets.  However, analytical processes and the banking institutions are still retooling for this.  In addition, an asset that functions over such a long term would require financial evaluation and analysis methods that align with its characteristics.  The approach is to describe these efforts, the evolution of sustainable financing and what it implies to product innovation.

 

Speaker Biography 

Ardeshir Contractor chairs India’s solar energy task force at the Federation of Indian Chambers of Commerce and partners with the government in developing policy, standards, and technological opportunity for Indian manufacture in solar.  He is also an adjunct Research Associate with Edhec Infrastructure Institute, Singapore, investigating long term asset finance principles.  In December 2015, he addressed the United Nations at the Paris Climate Change Conference (COP21), and he was deeply involved with the UN Environment Programme’s Enquiry on the design of a global sustainable financial system.  Mr. Contractor has served on the boards of Nature India, Government Committees, and Clean Energy Ministerial.  He received his Masters in Mechanical Engineering from The Ohio State University, was the recipient of the 2015 College of Engineering’s Distinguished Alumni Award, and is currently an Executive in Residence with the Institute for Materials Research.

 


Ohio State’s materials research engine and the Discovery Themes program it drives are helping to position Ohio State as a model 21st-century land-grant university focused on interdisciplinary collaboration and innovation. The depth and breadth of our faculty, the ingenuity of our students and the global reach of our partners is at the heart of Discovery at Ohio State.

From Mobile Phones to Russian Dolls to MASERs – January 20

Join us January 20 for “From Mobile Phones to Russian Dolls to MASERs,” an IMR Distinguished Lecture with Neil Alford, Imperial College London. In 2011, Alford and his colleagues discovered that a Bragg resonator with sapphire plates of aperiodic thickness could achieve an extraordinarily high Q factor for the resonator. This led them to the discovery that it was possible to construct a MASER operating at room temperature and in the earth’s magnetic field. This research was published in Nature doi:10.1038/nature11339.

 

IMR Distinguished Lecture

From Mobile Phones to Russian Dolls to MASERs

 

alford-photoNeil Alford, Head of Department of Materials, Imperial College London

Friday, January 20, 2017

9:30 AM

Smith Seminar Room, 1080 Physics Research Building

 

Talk abstract and speaker bio: http://imr.osu.edu/seminarsandevents/imr-distinguished-lecture-series/

IMR Distinguished Lecture with Sanjay Krishna – April 12

Join us Tuesday, April 12 at 9:45 AM for “Antimonide Materials for Mid-Infrared Photonic Detectors and Focal Plane Arrays,” an IMR Distinguished Lecture with Sanjay Krishna, Director, Center for High Technology Materials, Professor and Regents’ Lecturer, Department of Electrical and Computer Engineering, University of New Mexico

Lecture abstract and speaker bio:

http://imr.osu.edu/seminarsandevents/imr-distinguished-lecture-series/

Each year, the Institute for Materials Research Distinguished Lecture Series brings world renowned materials researchers to The Ohio State University campus to share the latest developments in materials-allied fields and discuss their research with OSU students, faculty, and staff.  IMR Distinguished Lecturers include the top scientists in their fields.

All IMR Distinguished Lectures are free and open to the entire OSU materials community – faculty, staff, and students.

 

IMR Annual Report Now Online

The Ohio State University Institute for Materials Research Fiscal Year 2015 Annual Report is now available online. This report – covering Ohio State’s fiscal year period of July 1, 2014 – June 30, 2015 – features highlights of the OSU materials community and IMR’s activities over the last year.

From the Discovery Themes Initiative to advanced manufacturing, core materials facilities to the 2015 Materials Week conference, take a look inside for the best of our materials community and the many exciting advancements we are taking as we rise to eminence.

IMR FY15 report cover web small

For additional copies of this report, questions about its content, or to provide content for future reports, contact Layla Manganaro, IMR Program Manager, at manganaro.4@osu.edu or 614-247-4685.

 

 

IMR Distinguished Lecture with Mark Verbrugge – October 14

Join us Tuesday, October 14 at 1:30 PM for The Automotive Industry, Vehicle Electrification, and Industrial Research, an IMR Distinguished Lecture with Mark Verbrugge, Director of the Chemical and Materials Systems Laboratory at the General Motors Research and Development Center.


 

The Automotive Industry, Vehicle Electrification, and Industrial Research

Mark W. Verbrugge, Chemical and Materials Systems Laboratory, General Motors Research and Development

Tuesday, October 14, 2014

1:30 PM – 2:30 PM (reception to follow)

E100 Scott Laboratory, 201 West 19th Avenue

For more information including an abstract and speaker bio, visit: http://imr.osu.edu/seminarsandevents/imr-distinguished-lecture-series/