009 Solar is digital now
happy hump-day
A Bangalore-based company seems to have cracked the code to get the Indian masses to use Solar Energy.
Sundaygrids has a service that allows you to participate in solar energy without installing solar panels yourself. Or hiring anyone to do so on your behalf. They have already done it for you, in a way.
Currently, they have a model where they have grids placed on top of commercial buildings from where you can lease solar panels. The energy those panels harness is split between you and the host (said commercial building), and you get your share in terms of credit which you can use to pay off your electricity bill.
Quite simple and brilliant if you ask me.
Their original vision is to allow residential users to come in at the start of the journey, pool their resources, pick a plant to install their solar panels and extract better rates for their credits.
They have already partnered with BillDesk and they are live in Mumbai, Bengaluru, and Vizag.
The Indian govt. is looking to come up with regulations and incentivize such third-party solar models.
(Their approach to tackling FAQs through the use of AssistGPT and Notion is quite fun)
3 things to know about Solar in India
Using solar-generated electricity versus traditional grid electricity can be up to 50% cheaper in the long run
Less than 10% of houses in India have solar panels on their rooftop despite government subsidies
Commercial electricity can be up to 30 times more expensive than residential electricity
Quote of the Day
If I win the lottery, no one around me will be broke, and I truly mean that. I will move to a wealthy neighbourhood.
How to fight a rip tide
A rip tide is a strong ocean current that flows directly away from the shore.
A swimmer caught in a riptide is pulled out into the open water. The obvious instinct is to fight the current, but it's entirely wrong. Even the best swimmers are unable to fight against that current. Last year, almost 100 people died in rip tides in the U.S. alone.
When you're caught in a riptide, the recommended course of action is to relax and let it take you out into the open water. Once the current dissipates, you swim parallel to the shore and then in. You conserve energy by not fighting the riptide, and then use your energy to return to shore once outside its grasp.
No life lesson here, just keep this in mind if you are ever caught in one.