Best 35 Renewable Energy Business Ideas
Want to start a business in the energy sector with little money? Are you looking for innovative sustainable energy business opportunities? Here is a big list of innovative small business ideas in the energy, and renewable energy business sector.
Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure are essential for the sustained growth of the economy of any developed or developing economy.
The power sector is one of the most diversified industries in the world. The source of power generation ranges with a wide diversity including conventional sources and viable non-conventional sources. It includes coal, lignite, natural gas, oil, hydro, nuclear power, wind, solar, and agricultural and domestic waste.
Table of Contents
List of 35 Renewable Energy Business Ideas
#1. Automobile Battery Store
The battery is an obvious power solution for any type of vehicle. Therefore, it is a mandatory item for two or four-wheelers. You can start a battery store with moderate capital investment. It is advisable to start with reputed brands.
#2. Biodiesel Production
You can initiate a biodiesel production unit on a small-scale basis at any place where the main raw material Jatropha oil is easily available. There is a continuous search for renewable sources of fuels due to the rate of depletion of fossils.
#3. Cool-roofs installation
You can install cool roofs that are made of materials that reflect solar heat so that the building does not heat up due to heat absorption. This would also increase energy efficiency and reduce the heat-island effect in urban areas.
#4. E Rickshaw Manufacturing
These are very popular vehicles nowadays. In addition, they are popular in rural areas, suburban, and even metro cities. An e-rickshaw is a very effective vehicle for covering a short distance. And it doesn’t demand any manpower effort to run. Furthermore, the market is emerging and the demand is growing rapidly in developing countries.
#5. E-Vehicle Distribution and Selling
The e-bike is gaining popularity rapidly in our country. Additionally, reputed four-wheeler manufacturing companies are constantly trying to launch the best models of four-wheelers. In this scenario, you can start the distribution or retail selling of e-vehicles.
#6. Gas Station
As several vehicles are turning to gas fuel, the need for gas stations is increasing worldwide. However, several fuel stations also offer gas to the gas-operated vehicle. But there is still a huge demand for gas stations.
#7. Generator Manufacturing
The generator is largely used for domestic, commercial, and industrial purposes. Different types of generators with different capacities are always in demand in the market. Additionally, you can start the business on a medium or large-scale basis.
#8. Geothermal Power Plant
Geothermal energy can be used very effectively in both on- and off-grid developments and is especially useful in rural electrification schemes. Several potential areas are suitable for establishing geothermal power plants. However, the business demands substantial capital investment.
#9. Home Energy Consultancy
You will consult households on how to reduce their energy consumption for a fee. This business needs low investment but requires good marketing and people skills.
#10. Inverter Manufacturing
An Inverter is a device, which converts DC power into alternative sources. This conversion may be accomplished by electromechanical means namely a motor, Generator sets are entirely by electronic means.
Learn More: How to Start Inverter Manufacturing Business
#11. Oil and Gas Transportation
Oil and gas transportation demand a specific type of tanker for safe transportation and delivery. Additionally, different types of oils and gasses demand different infrastructure. This type of business is very lucrative. However, the business demands substantial upfront capital investment.
#12. Online Fuel Delivery
In the era of a booming eCommerce industry, online fuel delivery is a lucrative opportunity for entrepreneurs. However, the business demands the right strategic planning and operating procedure. In addition to that, you have to put in a substantial initial investment. It is advisable to start with operations within a single city. And after getting sufficient confidence, expand the business.
#13. Petrol Pump
Petrol pump is a traditional business in almost all countries. And still, the business is lucrative. Additionally, you can start a petrol pump integrated with other retail offerings. It may be a coffee shop or stationery store or craft store.
Read: How To Start A Petrol Pump Business
#14. Rain Water Harvesting
Water shortage is already one of the major issues in many parts of the world. Water Harvesting provides effective solutions to this problem. You need to learn all about Water Harvesting, get trained, and offer comprehensive solutions to people in need.
#15. Rural Solar Energy
There is a power crisis in the rural areas of most developing countries. You can cater to this energy need by making available solar energy panels and equipment for such villages.
#16. Solar Lamps Manufacturing
You can manufacture and install solar lamps to reduce dependence on electrical energy. The business is comparatively easy to start with little money.
#17. Solar Panel Installation
The demand for solar panel installation has been increasing all across the globe in recent years. Solar energy has emerged as a promising alternative to traditional sources of power. As the world moves towards sustainability and renewable energy, starting a solar panel installation business can be a rewarding venture, as the world is looking for sustainable energy sources.
#18. Solar Water Heater
You can manufacture and install solar water heaters to reduce dependence on electrical energy. Additionally, the demand for this item is increasing rapidly. It also helps to reduce the cost of energy.
#19. UPS Assembling
You can start this business on a small-scale basis. According to the demand, the different capacity of UPS is generally in demand. It is used for household, official, commercial and industrial purposes widely.
#20. Used Lube Oil Re-refining
This is another lucrative small-scale business opportunity in the energy sector. Additionally, the business demands comparatively small capital investment initially.
#21. Weather Control Solutions
You can Provide weather control solutions like solar shields for commercial or residential buildings so that the temperature and conditions remain optimum for a fee.
#22. Wind Milling
Windmill plants have seen phenomenal growth of around in the last 5 years. However, you will need to invest a good amount of money to install a windmill plant. The investment amount will depend upon the type of turbine, technology, size, and location.
#23. Biogas Production and Distribution
Utilize organic waste from farms, households, and industries to produce biogas. Establish biogas plants and distribute the clean fuel to households and businesses for cooking and heating purposes.
#24. Energy-Efficient Lighting Solutions
Develop and market energy-efficient LED lighting products tailored for households and businesses. Offer installation services to maximize energy savings.
#25. Wind Turbine Manufacturing
In the search for sustainable energy solutions, wind power stands out as a formidable contender. You can explore coastline and windy regions by manufacturing and installing wind turbines for renewable energy generation.
#26. Electric Vehicle Charging Stations
There is increasing adoption of electric vehicles (EVs) across the globe. To meet this demand, you can set up EV charging stations across urban centers and highways to cater to the growing demand.
#27. Smart Grid Solutions
You can develop and implement smart grid technologies to optimize energy distribution, reduce losses, and enhance grid reliability.
#28. Energy Audit Services
Offer energy audit services to industries, commercial buildings, and residential complexes to identify energy-saving opportunities and optimize energy usage.
#29. Hydroelectric Power Generation
Identify suitable locations for small-scale hydroelectric power plants and develop projects to harness the potential of rivers and streams for clean energy generation.
#30. Waste-to-Energy Conversion Plants
Establish waste-to-energy conversion plants to convert municipal solid waste and agricultural residues into electricity or biogas.
#31. Energy Management Software
Develop software solutions for energy management and monitoring, enabling businesses to track and optimize their energy consumption in real time.
#32. Solar Farming
Lease land in rural areas for solar farming projects, where large-scale solar panels are installed to generate electricity for distribution to the grid.
#33. Geothermal Energy Exploration
Explore geothermal energy potential in regions with geothermal activity and develop projects for power generation or direct-use applications such as heating and cooling.
#34. Solar Water Pumping Systems
Provide solar-powered water pumping solutions for agricultural irrigation, enabling farmers to access water for crop cultivation without relying on grid electricity or diesel generators.
#35. Energy Education and Training Institutes
Establish institutes offering courses and training programs in renewable energy technologies, energy management, and sustainability practices to nurture skilled professionals for the industry.
These are the top energy business ideas that you can consider starting. Analyze and choose the right business idea which fits you most and start your own business right now.
