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Mobidemics Green Energy Redefined Nilanjan Banerjee (PI) Xiangyu Liu (EL) Douglas Hutchings (CM)

Mobidemics lecture 6 revenue model

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Page 1: Mobidemics lecture 6 revenue model

MobidemicsGreen Energy Redefined

Nilanjan Banerjee (PI) Xiangyu Liu (EL) Douglas Hutchings (CM)

Page 2: Mobidemics lecture 6 revenue model

Our Punchline

We are a third generation energy management

company for grid-tied and off-grid homes. While other

companies provide visualization and monitoring of PV

systems, we provide intelligent appliance-level

profiling, personalized energy recommendations,

and home specific energy optimizations.

Market: new product in an existing market.

Page 3: Mobidemics lecture 6 revenue model

The Business Model Canvas From Last Week

Homeowners

(off-grid, grid-tied):

- energy-saving

recommendations

Long Term

Analytic engine

Backend

Maintenance

Home owner

Monthly Subscription

Utility

Companies

Solar Installation

CompaniesWebservice:

utility company

solar installer

Utility company:

renewable energy

data analytics

Solar installation

companies

Utility Companies

Energy meter

manufacturer

(z-wave)

Backend

Development

Webservice dev.

Nick Rosen Web/phone:

Home owners

One time installation fee

Page 4: Mobidemics lecture 6 revenue model

The Business Model Canvas Updated

Homeowners

(off-grid, grid-tied):

-energy-saving

recommendations

-per-appliance

profiling

-maximize cost of

electricity sold

Long Term

Analytic engine

Backend

Maintenance

Home owner and

commercial blgs

One time installation fee

Utility

Companies

Solar Installation

CompaniesWebservice:

utility company

solar installer

Utility company:

renewable energy

data analytics

Solar installation

companies

Utility Companies

Energy meter

manufacturer

(z-wave)

Backend

Development

Webservice dev.

Nick Rosen Web/phone:

Home owners

Price-related monthly Subscription

Page 5: Mobidemics lecture 6 revenue model

Conversation with Customers/partners

4homeowners, 8 Solar Companies, 2 Utility companies

Waiting for 4 more Solar Companies to reply

Page 6: Mobidemics lecture 6 revenue model

Customers and value proposition?

Home owners Lesson Learned

Jaci -Interested in our system. -Depending on how much electricity is save, she will consider to pay for it.

Chien -Regularhomeowners might not be interested, but it’s useful for green homeowners-Need more functionalities

Michele Hassel @Sustainability center -explore ways to tap into smart metering -Explore initial funding through NSF SRN

Tom Riley @Little Rock -our product can provide building service applications

Page 7: Mobidemics lecture 6 revenue model

Partners and Sales ChannelsSolar Companies Lesson Learned

Bill Ball @ Stellar Sun Government policy is key to our success. Utility Companies hate decentralized energy

generation. He would be interested in bundling our product with his solar panels

Will Anderson @ Complete Solar Solutions Will provide a channel to get to homeowner customers. “Extremely interested” in our

product and a monthly subscription based service

Terry Tremwel @ Tremwel Energy Willing to pay to test our system and provide feedback. Potentially refer us to his

customers

Jim Philips @ Nanomech LLC Follow up meeting to present the idea before him and his CTO.

Page 8: Mobidemics lecture 6 revenue model

Continued…Solar Companies Lesson Learned

Suncity Solar Energy We learned the pricing scheme of selling electricity and about government subsidies

Liberty Solar Solution They will be interested once a price tag is attached to our product.

Enphase (Inverter company) They said “It’s a good idea” and needs to be cross-platform (ours is cross platform).They are happy with what they have and do not

want to adopt our system.

Page 9: Mobidemics lecture 6 revenue model

2 Utility CompaniesSolar Companies Lesson Learned

Ozark Electric Find out the price and how customer can sell electricity back to the grid

American Electric Power

Page 10: Mobidemics lecture 6 revenue model

Key Learnings

• Government policy is important determinant of our success

– We may have more success in certain states (CA, NJ) and countries (Germany) than others

• Solar installers are key partners and distribution channel and not Utility companies

• Commercial buildings are another customer segment

• Off-grid and grid-tied homeowners willing to be early adopters

– Price proportional to the amount of savings?

Page 11: Mobidemics lecture 6 revenue model

Inferred Customer Decision Tree

solar

installer

Home owner

(grid-tied)

utility

company

Government

subsidies

Steller Sun

Complete SS

Hardware cost

bumped up by

our product

4c – 8c/W

Time of day pricing

generational electricity

flat pricing?

Inform on government subsidies

- tax credits

~$4.5/Watt

applyPartner

Mobidemics

Mobidemics

Page 12: Mobidemics lecture 6 revenue model

Probable Sales channel

CustomerSolar

installers

Mobidemics

Webservice/application

hardware bundled

with mobidemics

Page 13: Mobidemics lecture 6 revenue model

Creating Customer Demand

• Version of the webpage up

– http://www.mobidemics.com

• Adword campaign ($10/day)

• Referrals, Facebook page, Google blog, and Twitter page.

Page 14: Mobidemics lecture 6 revenue model

Cost of customer demand.

• 116Unique visitors (80front page views,31iPhone app view)

– Got just two email addresses

– Next goal: trying A/B testing

• Adwords(24 clicks)

– Trying to distinguish between types of referrals

• Estimated cost of demand

– Insufficient data

Page 15: Mobidemics lecture 6 revenue model

Among other things.

Two presentation appointment to two groups of private investors scheduled for Nov 4.

The Ask: What should our presentation look like?

Page 16: Mobidemics lecture 6 revenue model

Things to do.

• Find more solar companies, and how many of them are willing to buy our product

– Google Search + phone calls

• Call Utility companies to validate that they will “hate” us

– Google Search + phone calls

• Customer demand cost (get data)

• Find out homeowners

– Referral and knock on their doors