30 March 2021
Interview with Muhammad Malik, CEO and Founder of NeuerEnergy
This month, we sat down with Muhammad Malik, CEO and Founder of NeuerEnergy, to discuss their contribution to corporate decarbonisation, sustainability, and the importance of digitisation.
Can you tell our readers a little about your organisation?
NeuerEnergy’s technology simplifies the scientific analysis of emissions and resource utilisation. The platform’s applications enable businesses and governments to plan, procure, and manage their net-zero goals. NeuerEnergy is based in London, UK, working with both corporate and industrial entities, and district or city investors, authorities, and stakeholders around the world. The aim is to make net-zero targets both tangible and achievable by providing cost transparency, clear benefits, and target timelines – both at a local and global level – to achieve sustainability goals.
NeuerEnergy has recently embarked on the Microsoft AI for Social Impact 2021 programme, with 13 purpose-driven companies who are helping the UK’s healthcare, manufacturing and resource sectors recover from the impact of COVID-19. During this four-month programme, we’ll work with Microsoft and Social Tech Trust to develop our artificial intelligence solution that can be used by organisations to improve people’s lives and the world around us.
What are the most exciting developments you have seen in the wind industry?
The recent UK budget had a strong emphasis on supporting the wind industry – with investment in offshore wind farms in both Humberside and Teesside. I fully support the UK Government’s investment in environmentally-friendly assets as a great first step, however the development of hydrogen and wind, or green hydrogen, is likely the area that will propel wind energy into the mainstream for the UK, across Europe, and around the world.
Green hydrogen has great potential as a low carbon fuel alternative, which can help us solve transport, heating, and mobility challenges. It could also provide a storage option for excess renewable energy. However, making this vision a reality is the first challenge. I’m keeping my eye on the large utilities and policymakers across Europe that are exploring what this could mean from a product and procurement point of view – for example, HyDeal Ambition. We’re also awaiting the outcomes of Gigastack, a renewable hydrogen project which is working to demonstrate low-cost, zero-carbon hydrogen in the UK at an industrial scale.
Whatever the result, the priority must be sustainability in all senses of the word – whether that’s creating jobs, building resilient infrastructure, revealing energy sources, reducing fuel poverty, contributing to sustainable economic growth, etc.
What changes would you like to see in the wind industry?
The wind and, by extension, energy industry is at the beginning of a digital transformation. A long-overdue move from a monolithic, legacy approach to a decentralised and sustainable system that connects the infrastructure of the energy world. To be in with a chance of achieving net-zero and further carbon negative goals we urgently need to scale these digital and integrated solutions.
Technology platforms are the missing link between various technologies and infrastructure across the ecosystem. For example, the digitisation of wind farms brings secure, reliable, flexible, and cost-effective data exchanges that will allow wind to play a major role in both short and long-term decarbonisation.
Going forward, what role do you see your organisation playing in the future development of wind energy
The true challenge is ensuring wind energy’s potential is realised – which means 100% transparency and accountability from all those involved within the supply chain to realise the full effectiveness of wind energy initiatives. As an intuitive API-based platform using AI with SaaS applications, NeuerEnergy is uniquely positioned to offer real-time intelligence that provides both short and long-term predictions that safeguard ongoing sustainability efforts.
Thanks to investments and partnerships in digital twin technologies NeuerEnergy provides a virtual representation of a product, platform or even an ecosystem as complex as a city or offshore wind turbines. NeuerEnergy’s clients can use the platform to collaborate on inventing, modelling, and testing disruptive innovations to radically disrupt green and circular innovation, improving sustainability across the lifespan of products and services.
NeuerEnergy’s goal is to serve as an intelligent advisor that matches the best suited renewable and sustainable products – wind energy is a key part of that vision.
How has WindEurope membership benefited your organisation?
WindEurope is a fantastic organisation that provided NeuerEnergy with a sounding board in the early days of our company. Now that the way we work together has evolved, I’m keen for either myself or the NeuerEnergy team to continue to take an active role in working groups and task forces – helping to explore industry challenges, develop solutions that shape policy and regulation, and provide a resource for education by sharing market intelligence and knowledge.
Our WindEurope membership also allows us to take advantage of invaluable guidance and networking opportunities within this community from power utilities through to research institutes. And hopefully, soon WindEurope will be able to resume its fantastic face-to-face events – pandemic-dependent of course.
If we look ten years ahead, what do you hope to have achieved?
NeuerEnergy’s focus is currently to help both businesses and governments achieve their net-zero pledges in line with The UN’s 2030 Agenda for Sustainable Development. That should keep us busy for the next nine years, however our ambition is to take those actions one step further and use our technology to realise carbon negative goals.
This means working to remove as much carbon that a company or district has contributed in its existence as possible. Halting reliance on fossil fuels and fully utilising sustainable energy sources – such as wind – is integral to achieving this. NeuerEnergy hopes to work with a broad range of industrials, corporates, districts, and cities, in the UK, Europe, and beyond to help them surpass sustainable development goals (SDGs) by utilising innovative monitoring, reporting, and predictive technologies.
Find out more about NeuerEnergy