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AIREKO Energy Solutions

AIREKO Energy Solutions. AIREKO MIT PR-Lab Project . 2012.1.27 Yusuke Morishima Junya Nishikawa Michael Parran Phuree (Will) Smittinet. Agenda. Project Overview. Project Output. Our Experience . Project Overview. Challenges for AIREKO

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AIREKO Energy Solutions

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  1. AIREKOEnergy Solutions AIREKO MIT PR-Lab Project 2012.1.27 Yusuke Morishima Junya Nishikawa Michael Parran Phuree (Will) Smittinet

  2. Agenda Project Overview Project Output Our Experience

  3. Project Overview Challenges for AIREKO AIREKOhas achieve an organic growth over the past 40 years and over the last 15 years, AIREKO has achieve a remarkable growth of 13.2% annually

  4. Project Overview Challenges for AIREKO (Cont’) AIREKO want to repeat its success story oversea in the energy efficient retrofitting and renewable energy sectors To address this challenges, AIREKO approach MIT PR Lab Team to conduct research on the 4 potential countries Once selected our candidate country, MIT Team is to develop a Penetration plan for that country

  5. Project Overview Team Objectives and approach Evaluate each country opportunity, using our framework: • Energy Policy • Industry Structure • Costs of Doing Business Create a Comprehensive Penetration Plan • Identify Detailed market opportunities • Identify Suitable Business Models • Identify Key Potential Partners • Build immediate action plan for AIREKO team members

  6. Project Output: Energy Efficiency in Hotel is promising • Already feasible without subsidy • Big potential in Caribbean countries SORRY CAN’T DISCLOSE Source: Presentation at Caribsave Greening Tobago workshop made by Loreto Duffy-Mayers, CHENACT

  7. Air Conditioner is the key focus Source: Presentation at Caribsave Greening Tobago workshop made by Loreto Duffy-Mayers, CHENACT

  8. Prioritized countries • Find Local Partners • - Energy Audit (SFP) • - Construction /Engineering • Approach CHENACT and Smart Energy Fund, which may grant or loan initial Capex for EE project in hotel industry. • Create “Track Record” to tackle • - Hotels in other Caribbean countries • - Convince Financial players to start ESCO model together ? ? ? ? • Target large hotels which has no need to rely on governmental grant or loan.

  9. Our Experience Understanding Our Client, their Business Practice, and Philosophy Understand dynamism of energy industry in Caribbean countries Adapting limited resource and explore alternative solution Understand Caribbean culture Having fun and smile while working

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