Mahindra launches renewable energy asset care company

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Mahindra Partners, the US$ 1 billion private equity division of the Mahindra Group, has launched TEQO—a comprehensive, technology-driven asset care company that offers optimization solutions for renewable energy customers in India and globally.

Starting its journey as a department within Mahindra Group’s solar EPC company Mahindra Susten, the newly formed TEQO gets its name from ‘Technology, Quality and Operations’ and enables renewable energy asset owners to maximize their returns by leveraging advanced technologies, including machine learning, artificial intelligence, Internet of Things (IOT), Big Data, robotics, augmented reality and natural language processing.

“I am delighted to see the successful journey of TEQO over the last six years from a captive O&M department within Susten, into a business unit and now as an independent entity – TEQO. With digitalization, sustainable technologies and customer centricity at its core, I am confident that TEQO will lead the way in the tech-enabled renewable energy O&M space globally,” said Parag Shah, Managing Partner, Mahindra Partners.

TEQO offers customers cutting-edge asset monitoring solutions, power generation maximizing algorithms, precision robotics, automated drones, on-ground operations and maintenance fleets. In addition, it offers asset management services, technical due diligence expertise and performance analysis services.

The company, which currently has 4 GWp of project experience, aims to reach a 20 GWp portfolio by 2022 with a significant global footprint.

“With over 4 GWp of projects experience in a short span of 6 years, and a growing eco-system of advanced technology products and services, backed by a strong team with deep domain expertise, we at TEQO are proudly building the most comprehensive renewable energy asset management company with a global footprint,” said Steve Odak, CEO, MahindraTeqo.