Audience: Who have you identified as your customers/recipients and why? How will you get your solution to them or engage them in your initiative?
More than 10,000 factories with intensive use of hot water/steam. (ex. Food, Textile)
Industries always strive for cost reduction to better compete in business.
But 2 barriers preventing the widespread of renewable energy in factories are:
1. Skepticism: by offering free installation. If the systems doesn't work(which of course will not happen), there's no damage to factory. If it works, the factory benefits.
2. Payback period: SWH projects in Thailand have very short PB due to solar intensity
Impact: What is the impact of the work to date and expected impact in the future?
1 square meter(m2) SWH energy collector in Thailand will yield energy equals to roughly 1/3 liter of crude oil daily.
500m2 of SWH will reduce the use of oil by 55 ton per year, equals to 110 ton of CO2.
The amount of money needed to install 500m2 of SWH is $250,000.
With $250,000 we can see 110 ton of CO2 emission every year for the first 4 years.
With reinvestments in projects every 4 years, over the course of 12 years will reduce the use of crude oil by about 1,320 ton and reduce CO2 emission by 2,640 ton.
Currently, we have letter of intents from industries interested in applying for candidates to receive subsidy. The list includes Milott Laboratories, a private label manufacturer for Unilever. The estimated amount of fund needed to fulfill just for current applications is close to $300,000.
With funding, SP can start reducing CO2 emission right away.