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Name of the company: Chargewave Energykem
Set up in: 2001
Based in: Hyderabad
Founder & CEO: PS Anand Prakash
Funding received: The company has managed with own funds, debt and internal accruals. It has approached investors for funding.
What it does: Chargewave has developed 17 chemical interference technologies for oxidising and reducing environments to modulate reactions in boilers and has developed 3T algorithm for boiler operations. The company offers software technology solutions and produces and markets optimizer chemicals for boilers and power plants.
How it does it: The company works with various process companies which have boilers and helps improve efficiency.
Big moment: Acticast, foundry application known as AnVer in Europe, was recognised as invention and received the Most Outstanding Invention Award and Gold Medal. A leading Indonesian coal miner has certified the software efficiency.
Impact: The company’s solutions play a critical role in boilers. These solutions are used in a number of pharma companies and other sectors. The TurCom software lowers fuel consumption.
The coal and optimizer chemicals lower the fuel consumption by additional 10 per cent. The combined impact enables the clients to lower the fuel consumption by 10-15 per cent in boilers.
Vision: To become a multi-million dollar turnover company and contribute to a greener earth.
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