Capstone – Project

Microgrid Site Location Tool

A Collaboration Between

Engagement Synopsis

We live in an increasingly decentralized world. From the internet to digital currency, decentralized systems are reimagining our future. Microgrids – decentralized energy grids – promise to bring similar transformations to America’s aging and centralized power grid. However, as promising a future as microgrids provide, their adoption remains cumbersome due to the substantial planning and analysis they demand, coupled with the complex group of stakeholders they support.

We recognize an opportunity to innovate the way microgrid projects are envisioned, researched, and proposed. By introducing data science, intelligent responsiveness, and optimization into a digital and easily-accessible platform, our goal is threefold:

  • Decrease the overall time it takes to identify suitable microgrid locations
  • Create a two-way street between microgrid developers & facility owners
  • Provide predictive capabilities by diminishing the need to manually analyze different data sets

Understand the UVP – I think the market information (key players & categories) gathered this semester will position us to answer this question. What value do we provide? This will also come from the completion of our MVP

Attach $ value to the market segments – this will be difficult but I think we need to begin understanding just how large are the hardware and software segments of the microgrid industry. The overall market is valued at $61Bn so how does that breakdown

Develop a product offering – for how much can we sell our tool and services? what do others charge?
3-year financial forecast – build in assumptions, NPV, and IRR

Evaluation of second state – this semester we took a deep dive into NJ, should we examine one other state that is also hit hard by storms & power outages, such as Louisiana, NY, Mass, or California?
To help us in our efforts, we are currently looking for 5-6 student candidates to join our project and assist us with the following topics:

Understand the market dynamics in which we operate
Understand our unique value propositions (UVP)
Understand our go-to-market strategy
Round out our business model
Design technical structure of our tool

Ideally candidates will have the following skills and interests:

Market research
Financial projections
Business analytics
Strategic thinking
Basic understanding of the entrepreneurial journey
Ideally, 1-2 candidates will have the following technical skills and interests:
Basic understanding of programming languages (R, Python, SQL)
Basic understanding of AI/ML Data visualization, preparation, manipulation, and analysis
Wireframing & UI/UX design

Company Information

CompanyCompany G
HQN/A
RevenueUnlisted
Employees1-5
StagePre-Revenue Startup
Hiring PotentialN/A
Website

Company Overview

Microgrids – decentralized energy grids – promise to bring transformations to America’s aging and centralized power grid. However, despite the microgrid industry experiencing a 44% CAGR (Statista, 2021), microgrid adoption in the US remains slow due in part to the cumbersome processes necessary to vet their feasibility. Our team is working to change this by developing an intelligent and automated decision support tool to innovate the microgrid discovery process.

Course Info & Engagement Details

SchoolStevens Institute of Technology, School of Business Industry Capstone Program
Engagement FormatCapstone - Small Team Consulting Project - Students work in small groups of 2-6 directly with faculty and host company project champions on developing real solutions to real-world challenges.
CourseMGT 809: Spring 2022 Industry Capstone Program
Level
  • All Graduate
Students Enrolled30 (5-6 students per project)
Meeting Day & TimeTBD
Student Time Commitment8-15 Hours Per Week
Company Time Commitment1 Hour
Duration11 Weeks

Project Topics

Growth Strategy

Marketing

Product Design & Development

Reporting, Financial Planning & Analysis

Research & Development

Students

Student

Dhwanit Samalbechar

dsamalbe@stevens.edu

Student

Disha Vijan

dvijan1@stevens.edu

Student

Suryaraj Jhala

sjhala@stevens.edu

Student

Sakshi Patni

spatni@stevens.edu

Student

Tabassum Hebbalkar

thebbalk@stevens.edu

Student

Mayra Gomez

mgomez6@stevens.edu

Collaboration Timeline

Touchpoints & Assignments Due Date Type
Welcome, Spring 2022 Applicants!

Welcome, Spring 2022 Applicants!

Hi everyone! My name is Christina Sargiss and I coordinate our Industry Capstone Program. If you are reading this, then you are looking to apply & register for MGT 809: Industry Capstone Program for the upcoming Spring 2022 semester. This "Program Timeline" will provide you with a snapshot of what to expect regarding the application process & upcoming semester. If you have any questions regarding our available projects, application process, etc please email me directly at businessprojects@stevens.edu for support. Wishing you a happy & healthy 2022!
December 1st, 2021 Event na
Application Launch for Spring 2022 Projects

Application Launch for Spring 2022 Projects

Please utilize this google form apply for the Industry Capstone Program for the Spring 2022 semester: https://forms.gle/jqESmzWCRcrsoFae9 Once you have applied, via the google form, return to this page to upload a copy of your professional resume.
December 6th, 2021 Event na
Resume Upload for Spring 2022 Projects Resume Upload for Spring 2022 Projects
Please upload a copy of your professional resume here. Professional resumes should be one page in length and in PDF format.
December 6th, 2021 Submission Required submission-required
Deadline for Spring 2022 Projects

Deadline for Spring 2022 Projects

The deadline to submit your application & resume for the Spring 2022 semester is January 6, 2022.
January 6th, 2022 Event na
Teams Finalized & Sudents Notified

Teams Finalized & Sudents Notified

All students should be notified if they are/not selected to work on a Spring 2022 Project by this date. If you have any questions, please email Christina Sargiss at businessprojects@stevens.edu for support.
January 17th, 2022 Event na
First Day of Classes

First Day of Classes

The first day of classes, for the Spring 2022 semester, is January 18, 2022. By this date all selected students will have heard from Christina Sargiss with their assigned project, registration instructions, and additional information regarding the course MGT 809: Industry Capstone Program.
January 18th, 2022 Event na
Reminder of Confidentiality

Reminder of Confidentiality

During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
January 21st, 2022 Event na
Temp Check #1 Due

Temp Check #1 Due

We use "Temperature Checks" to track student progress & gain feedback regarding the Industry Capstone Program. Please complete this brief google form by February 21, 2022. Survey link: https://forms.gle/R46teL2UXjwteRpS6
February 21st, 2022 Evaluation evaluation
Mid-Term Town Hall Presentations

Mid-Term Town Hall Presentations

Town Hall "Lunch & Learn Presentations" serve as a mid-semester update on projects with faculty, staff, and students from the School of Business. We are looking to schedule these presentations during the week of March 7, 2022. Additional scheduling information will be provided to the students, once the semester is underway. Please note that all presentations will be held via Zoom.
March 7th, 2022 Event na
Temp Check #2 Due

Temp Check #2 Due

We use "Temperature Checks" to track student progress & gain feedback regarding the Industry Capstone Program. Please complete this brief google form by March 25, 2022. Survey link: https://forms.gle/R46teL2UXjwteRpS6
March 25th, 2022 Evaluation evaluation
Final Town Hall Presentations

Final Town Hall Presentations

These Town Hall "Lunch & Learn Presentations" serve as the final opportunity for students to present their project findings and deliverables to School of Business faculty, staff, and students as well as the sponsor organizations. We are looking to schedule these presentations during the week of April 25, 2022. Additional scheduling information will be provided to the students, once the semester is underway. Please note that all presentations will be held via Zoom. Students will work with their faculty advisors & industry partners to schedule end of semester presentations and wrap up any tasks.
April 25th, 2022 Event na
Final Peer Evaluation Due

Final Peer Evaluation Due

May 4th, 2022 Evaluation evaluation
Final Self Evaluation Due

Final Self Evaluation Due

May 4th, 2022 Evaluation evaluation

Key Milestones & Project Process

Project Resources

There are no resources currently available

Company Supervising Team

There are currently no supervisors assigned.

School Supervisors

There are currently no supervisors assigned.