Friday, October 7, 2011

Successful Entrepreneurship


Every famous business venture has a story attached to it, which the customers can relate to. Walking on the streets, Jim Poss was annoyed by the noise pollution created by  waste collection truck which was blocking traffic, polluting air, wasting gallons of diesel by doing round trips every then and now. Poss was caught up with the inefficiencies of operations including idling of pick up trucks, there has to a better approach to operate, he believed. He discovered the waste collecting trucks consume 1 BN gallon of diesel in a  year, and are among the most expensive vehicles to operate. The frustration caused Tension within him which in turn led to emergence of an idea. Thus, came the idea of BigBelly Solar Compactor.

Having sufficient background on solar power,  he came up with an idea to eliminate the waste at the site of collection itself
This was done by setting up of BigBelly Solar Compactor. The Compactor uses solar power to reduce waste, wireless monitoring of bin site fullness ensured that pickups reached on time and thereby ensuring the innovative dustbin to be 4-  5 times the capacity of a traditional dustbin! As a result, this delivers up to an 80% reduction in the costs related to trash collection and vehicle activity, including fuel costs, vehicle maintenance and carbon emissions. Although the Compactor is not cheap, the price being around $3000-$3900, BigBelly Solar claims the cost can be recovered in 3 years by good enough savings that are ensured.  
With 10000 units set up world wide, it has happened to be a successful venture. The firm has been getting positive responses from the clients!! Solar Powered on site trash deduction reduces required pick ups. Wireless Monitoring of  the fullness and collection status of trash bins allows for better planning, route optimization and asset management. This allows collection providers to deliver comparable service levels at a much lower cost.
With several generations of product development now behind it, the solar compactor has been engineered to be extremely energy efficient and reliable, even in harsh environmental climates and latitudes.

Clientele include Municipal Corp of Philadelphia, Universities, Austrian City.
The system consists of:
1. Solar-powered, off-grid trash compaction.
2. Wireless connectivity and asset monitoring/management : Each BigBelly solar compactor is monitored by the CLEAN (Collection Logistics Efficiency And Notification). Real-time communication of "bin fullness" information supports operations that don’t pick up too early or too late. Optimized collection permits waste collection service providers to maintain high service levels at significantly reducing costs.
3. Companion recycling stations


- Gaurav Gupta
- B.Com (Hons.) II Year