As the world increasingly turns to renewable energy to combat climate change and reduce the economic costs of fossil fuel dependency, countries have to grapple with challenges associated with renewable energy, from high upfront costs to infrastructure, and technological and regulatory constraints. Despite these barriers, companies like First CeySolar (Pvt) Limited are committed to fostering renewable energy solutions, investing in innovative technologies and infrastructure to make sustainable energy more accessible. By tackling these issues head-on, they are playing a crucial role in shaping a cleaner, more resilient energy future for all, explain Chanaka Perera, Director of First CeySolar, and Shamalie Fonseka, Business Development Manager of First CeySolar.
Founded in 2017, First CeySolar entered Sri Lanka’s renewable energy market to address the country’s energy challenges. Focused on providing alternatives to fossil fuels, the company offers end-to-end energy solutions for residential, commercial, and industrial sectors. As Sri Lanka seeks to reduce its dependence on imported oil and coal, First CeySolar aims to build infrastructure that supports the country’s shift to renewable energy.
A milestone development for First CeySolar came through its partnership with Enercap Holdings, a Dubai-based deep-tech firm in energy storage technology backed by the IHC (International Holding Company). This partnership allowed First CeySolar to introduce the world’s most advanced energy storage modules to the Sri Lankan market. Unlike traditional batteries, ENCAP modules are based on supercapacitor technology, offering a longer lifespan and consistent performance without the degradation typical of chemical batteries.
These modules cater to various applications, from small-scale residential energy storage to large industrial systems. ENCAP products like ENWALL and ENPACK cater to residential and commercial needs, while larger systems like ENPACK and ENCHARGE are suited for industrial projects and grid services. The partnership with Enercap also positions First CeySolar to meet the growing demand for electric vehicle (EV) charging infrastructure in Sri Lanka.
As the country shifts towards electrification, EV charging solutions such as ENCHARGE offer the fast charging capability needed to support this transition. The growth of EVs is part of Sri Lanka’s broader effort to reduce carbon emissions, and First CeySolar’s role in building the necessary infrastructure is critical.
First CeySolar has grounded its project methodology in thorough site assessments and stakeholder engagement. Each project begins with rigid environmental and technical evaluations to ensure effective installation in compliance with regulations tailored to local conditions. The company manages the design and construction phases, maintaining control over project execution to ensure timely and budget-conscious delivery.
A significant advantage of the ENCAP energy storage systems is their ability to reduce long-term operational costs. Traditional backup systems, like diesel generators, require regular maintenance and have limited lifespans. ENCAP modules, with their long-term reliability and zero degradation, reduce the need for frequent replacements, providing cost savings for industries that rely on uninterrupted power, such as telecom providers and data centres.
By introducing new energy storage technology to Sri Lanka, First CeySolar has positioned itself as an impactful player in the country’s renewable energy transition. The company’s projects contribute to building a more sustainable energy infrastructure while reducing reliance on fossil fuels. Its ability to collaborate with global partners brings advanced technology and expertise into the local market, supporting Sri Lanka’s renewable energy goals.
As Sri Lanka continues its shift to renewables, the demand for energy storage and generation solutions will grow. First CeySolar’s focus on providing these solutions ensures its place as a central player in the country’s evolving energy landscape, contributing to Sri Lanka’s broader efforts to reduce carbon emissions and increase energy resilience. The company’s work supports a critical transition in Sri Lanka’s energy sector, helping to build a foundation for a more sustainable future.