Girish paranjpe joins which company

It is privately held and funded and does not disclose financial details. Citing Europe as an example, he said that advanced markets had ageing and inefficient electricity infrastructure, leading to transmission losses. Following the tsunami and earthquake in Japan in March and the fears of a disastrous leakage from a nuclear reactor, countries such as Germany are already scaling down plans for nuclear power generation, he added.

Paranjpe said such fuel cell technology has been around for a while, but no company has achieved the level of efficiency and pricing that Bloom Energy had. The technology could be used in combination with other electricity sources. The company is targeting large commercial buildings, data centres and the like. Paranjpe will be based in Bangalore initially, and will start from scratch, with the hiring of a secretary, he said.

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