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Will Green Energy be potential startup opportunity for business world?

 

Will Green Energy be a potential startup opportunity for business world?

Photo by Singkham from Pexels


When there is a problem there is a rise of startup and guess what’s the current biggest problem in the world. From America to Russia and India to China, the whole world is now concerned about the climate change and global warming. The nations are paving towards green energy resources and this can be potential opportunity for startups all over the world.

Why Startups should enter in this sector?

The first thing is the green energy companies are now considered as heroes. They always has consumers support, people promotes this startup on their social media and sometimes people even contributes to company. The most common example is Elon musk, as Tesla and SolarCity are measured as companies for good cause. Besides this the governments of most of the nations are supportive to it. Governments even provides subsidy, startup schemes or tax reduction.

What can be the product or service?

Green energy startup is just not mean to install hundreds of solar panels or making electric vehicles, there are several other sectors to think about like biofuel, biomass, hydroelectric, wind, geothermal, non-conventional energy.

Related to these sectors you can plan your product. There is not only manufacturing the whole product you can do but also but you can manufacture other components that most other green energy companies may require. There are several other services other than manufacturing like installation, maintenance, repair or consulting. You can observe the other parts of the world, what are the other emerging startups in green energy sector in different countries. For instance, if there’s growing startup in Spain and they are implying any unique idea then you studies this idea and figures out how to apply that idea in your region.

Product efficiency can be dependable on area of operation. There may be more or lesser resources available for required product. For instance, in country like India there is plenty of bio-waste available from cattle therefore product involving bio-waste can be considered.

Mindly Sapiens

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Location: Maharashtra, India

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