REnergy Dynamics (RED), a company focused on advancing the renewable energy sector with a special emphasis on bioenergy, officially announced its launch. Co-founded by Kushagra Nandan, a serial clean tech entrepreneur and former MD of SunSource Energy, along with Varun Karad, a bioenergy entrepreneur, RED aims to develop sustainable energy projects contributing to a greener future.
RED will function as an integrated techno-financial platform, setting ambitious targets to close orders worth ₹5000 crore by 2029, with ₹575 crore worth of projects already confirmed and under execution. The company will focus on four key areas: developing large-scale bioenergy projects, providing Engineering, Procurement, and Construction (EPC) services to renewable energy developers, aggregating and supplying feedstock to Compressed BioGas (CBG) projects, and manufacturing biogas plant components.
The company has a robust pipeline of self-owned bioenergy projects, with ongoing projects in South and West India totaling a capacity of 50 Tons Per Day (TPD) of CBG, and several other projects in advanced planning stages. Additionally, RED is executing three large-scale EPC projects for setting up CBG units with a cumulative capacity of 67 TPD for Reliance Industries Limited, located in West and North India. The company has also secured orders for biomass supply for bioenergy projects across multiple states.
“Our mission at RED is to help preserve our planet and contribute to our nation’s goal of achieving net zero status by 2070. A key unlock of this journey lies in empowering communities and businesses to embrace sustainable energy,” said Kushagra Nandan, Chairman and Managing Director of RED.
“With the launch of our innovative bioenergy portfolio, we are proud to offer a transformative solution that not only addresses the pressing need for renewable energy but also contributes to the circular economy by repurposing organic waste materials,” Nandan added.
Bioenergy, derived from organic waste materials such as agricultural by-products, food waste, and municipal solid waste, presents significant potential for reducing greenhouse gas emissions and mitigating environmental degradation.
Speaking on the occasion, Varun Karad, CEO of RED, stated, “By unleashing the power of bioenergy, RED is poised to catalyse a paradigm shift towards a more sustainable and resilient energy future. Through our scalable and customizable renewable energy solutions tailored to the unique needs of diverse industries, we aim to drive positive change and inspire others to join the movement towards a greener, cleaner world.”
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