Siri Exergy & Carbon Advisory Services Pvt Ltd
| Sector | Buildings, Municipalities, Large Industries and MSMEs |
| ESCO Empanelment | BEE |
| Area served | Multi National (India and some parts of Asia) |
| Founded | 2008 |
| Team strength | < 25 |
| Key people | G Subramanyam (Director) |
| Website | http://www.siriexergy.com |
| Top ECM categories | Lighting, building envelope, drives/pumps/fans/motor systems, solar water heating, municipal lighting system, municipal pumping optimisation systems, rooftop PV systems |
| Typical ticket size | < INR 10 lakhs |
| Typical payback period | 1 to 3 years |
Siri Exergy offers general ESCO services, audit consultancy and provision of efficient technologies. The team is distributed in project management (10%), Sales and Marketing (10%) and Energy Auditing and Accounting (80%) functions. Siri Energy has technology tie-ups for super-efficient fans and LED lights based energy conservation measures. It has availed the ICRA ESCO rating.
Exergy efficiency solutions are developed in-house. Siri Exergy notes that savings can be measured directly using metering equipment or baselined on full or ideal load but actual savings depend on client production cycle/building loads.
Siri Exergy has undertaken self-funded projects. It provides ESCO services on a shared savings or pay per unit model.
Siri Exergy notes that repayment from the client is the biggest risk for availing financing for ECMs under ESCO model. Other limitations in ESCO financing include high risk perception of ESCO model at financier end, lack of interest in financiers for projects of small ticket size and inadequate contract enforceability. Siri Exergy also opines that risks associated with repayment are impeding the ESCO market’s growth in India and that they can be mitigated through better technical skills in performance contracting.