When TRIUM 2012 graduates Satish Narayanan, Guy Morgan, and Stephan Hagelauer decided to form their Capstone group back in 2010, they had a clear focus. They were brought together because of their common objectives: they wanted to create an energy efficient project that would build on their diverse areas of expertise to be “launched” after graduation. Today, with over $1 million in revenue, LUMIGA (meaning “to illuminate” in Esperanto), has not only met their goals, but clearly has surpassed their expectations.
The Game-Changer Experience
As Satish and Stephan pointed out during our recent conversation, pursuing a TRIUM EMBA provided them with life changing experiences. “During our studies,” Stephen stated, “we were meeting people from all around the world – this international map brought us together.” As Satish further added, “TRIUM for me was a game-changer. It provided me with a valuable platform to share stories and to learn from the real life experiences of classmates.”
After deciding to work on their Capstone project together, all three students brought unique professional expertise to the table: Guy Morgan had founded BlueStar Energy, which grew to be one of the most successful retail energy companies in North America; Stephan Hagelauer had over 17 years’ experience in strategy, innovation, and transforming business models; Satish Narayanan had over 17 years’ experience in public policy and business with a keen focus on emerging markets. Their complimentary professional backgrounds provided the right balance of industry and sector mix, which they leveraged to create their Capstone Project LUMIGA.
A Sustainable Future
As Satish underlines, “LUMIGA is a clean technology company. Our cloud-based solution enables us to provide a personalized, data-driven energy management platform that empowers small and medium businesses to take back control of their energy future. LUMIGA embodies the idea of utilizing innovative technology, market centered solutions, and a dedicated solution design team to tackle an immense challenge to the world – rising energy costs. ”
Stephen further added that, “We wanted to have an impact on energy consumption. Communities around the world can take control of their future today and directly manage their use in real time.”
Their efforts are clearly starting to pay off. In April 2014, the LUMIGA Energy Efficiency Force (LEEF) network of representatives saved American businesses 3,206,990 kWh, $395,325, and 2,768 Tons of Carbon. That’s the equivalent of 466 cars off the road or 4721 new trees planted.
The founders believe that the greatest levels of success happen when the private and public sector collaborate. It would seem that these TRIUMERs’ endeavor is now not only turning out to be a financially profitable company, but also true to its mission of providing “sustainable solutions” that empower businesses to take back control of their energy costs.
LUMIGA would clearly seem to be living up to its name.