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PRESS RELEASE: OMC Shortlisted for Global Energy Award

INDIA’S OMC POWER SHORTLISTED FOR GLOBAL ENERGY AWARD

Delhi, India, 30 September 2014OMC Power today announced that it has been shortlisted in the Rising Star Company Category of the 2014 Platts Global Energy Awards.

Described as the Academy Awards of energy, the Global Energy Awards honour and recognise those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry.

Established in 2011, OMC Power has transformed the provision of electricity in rural India into a commercially viable, sustainable and scalable business.

It has been shortlisted in The Rising Star Company category of the awards which recognise the achievements of either a genuine startup business or an existing business that has moved into a brand new field. The Awards say that “Elbowing into a new space in an already crowded industry takes guts, flawless execution, brilliant marketing and a tremendous organistional ability to learn fast.”

The independent panel of judges including former regulators, past heads of major energy companies, leading academics and international energy experts look for businesses that have used these skills to establish themselves as equal to—or better than—existing players in any energy industry field or discipline.

Winners of the 2014 Global Energy Awards will be announced at a black-tie celebration on December 11, 2014 in New York.

To date, OMC Power has financed, built and now operates 20 Micropower Plants in villages in Uttar Pradesh (India’s most populous state with 200+ million residents) where the electricity grid will never reach.

Every day OMC delivers thousands of pre-charged LED lanterns, electric bikes and portable PowerBoxes to homes and small businesses. The PowerBoxes – portable power sockets – are used to power a variety of electrical appliances including mobile phones, LED lights and fans.

OMC Power also supplies green electricity to the telecom towers of India’s three major telecom infrastructure companies, including Bharti Infratel, which have been able to instantly turn off the diesel generators currently powering their remote and rural telecom towers – saving large amounts of fossil fuel and curbing emissions.

Since launching OMC Power has received numerous accolades:

  • The World Economic Forum named it as 2014 Technology Pioneer – recognising OMC Power as one of the most innovative technology start-ups with the potential to transform the future of business and society
  • At The Global Telecoms Business Innovation Awards in 2013 OMC Power was awarded the ”Best Consumer Service Innovation Award”
  • In May 2013 OMC won the Climate Group’s off-grid energy competition
  • Also in 2013 OMC Power was the winner of the “Operational Excellence – Tower Development” category at the annual awards of The Economic Times, India’s leading business newspaper. These awards recognise outstanding Indian companies, leaders and entrepreneurs.

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