After 8 great years as a project manager in Edinburgh, Phillip began to worry about the slow and inefficient pace of C&I renewables development. While he felt passionate about the work, he considered the development process too inefficient and costly to scale:
“I remember sitting with our engineering partners one afternoon to review our timetable for a small wind farm in the Highlands,” he recalls. “Our team had been commuting back and forth to meet with the estate for months. When we finally closed the option, we realized it was going to be another 6 months to get planning, then another 8-12 months to connect to the grid. There is a lack of transparency in the market and inefficiency which causes a lot of good projects to stall or fail.”
Convinced that greater transparency and more efficient collaboration was possible, Phillip turned to his old friend Varun Sharma for advice. Having experienced the painful inefficiencies of data validation and financial modelling as an energy analyst at a major investment bank, Varun had come to the same conclusion:
“On the investor-side pre-qualifying renewables deals is a complex, lengthy and inefficient process,” he says. “The market favors utility-scale because the C&I projects take just as long to diligence. What the industry needs is a streamlined way for developers, investors and advisors to access and share data efficiently and securely.”
After carrying out dozens of interviews with renewables developers, investors and advisors across four continents, Phillip and Varun were inspired to learn that professionals everywhere had felt the same frustrations. Professionals across the value chain were fed up with the lack of data availability and purpose-built software tailored to their needs.
Backed by senior execs at leading global firms in energy and banking, ENIAN is on a mission to decentralize access to energy data and intelligence worldwide. Our flagship platform is the first enterprise SaaS solution that provides all the data, intelligence and workflow tools professionals need to deliver C&I renewables at scale.