#CLOUD MONEY VENTURES SOFTWARE#
They couldn’t raise money, so they shut down the company.Īmrit and his new co-founder Nikhil Saralkar realized they could solve the same energy problems using software and provide additional value streams beyond energy in the areas of maintenance, operations, sustainability, and compliance. But there were massive challenges in terms of permitting, as well as other costs eventually, they sold the commercial product to Amazon/Whole Foods and Walmart. The devices would use electricity to pre-cool and then take over refrigeration duties during hours when electricity gets more expensive, saving the store money.
He co-founded Axiom Exergy in 2015, a hardware solution that would modify shipping containers to function as giant thermal batteries and be placed at grocery stores. There are approximately 100,000 huge central refrigeration systems throughout the United States, which Amrit believes are a big liability-for the grid, the climate, the planet, and these companies’ bottom line. That stunned Amrit, who saw a massive opportunity for energy savings while many in the industry assumed that refrigeration was untouchable. The customer, however, told them to ignore it and to focus on other things. Their job was to look at overall energy consumption at the facilities, and refrigeration was nearly 60% of that total. That’s how you achieve gigantic, scalable impact.Īfter college, he worked at an energy services company their biggest customer was a national grocery chain with nearly 400 stores. While he recognized that policy can be a change-enabling tool by forcing people to do things that they often don’t want to do by providing non-market-based incentives, he thought “If someone could use the market to introduce products that are not only the best value but also sustainable-and bring those types of products to market-then decision-makers will choose the new products every time. His views of policy as the end-all be-all shifted. When he entered Stanford, he intended to major in political science, but switched to engineering-and that’s when he caught the entrepreneurial bug. Amrit says it rocked his world that’s when he realized he wanted to focus his life’s work on climate change.Īmrit believed the best way to solve environmental challenges was through policy. And although conservation was drilled into him at a young age, his transformational moment came when he saw the documentary An Inconvenient Truth.
When he wasn’t playing music, he was all about computers and technology. Growing up in Yarmouth, Maine, he was an avid trumpet player throughout his high school years, exploring jazz, funk, and even classical music. His environmentalist parents were instrumental in shaping his worldview. Turning off lights, short showers, and dialing down the heat were practiced with near-religious fervor in Ulupreneur Amrit Robbins’ family.
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