Community spotlight: ASAsoft Inc. Canada

The Victoria Tech Community Awards showcase the community of 1,000 companies and 17,000 workers who push innovation forward, and drive the city’s $4 billion tech economy. Our spotlight series highlights award finalists and winners so you can get to know them a little bit better. Read about other community members here.

Today, we’re featuring Rajkumar Padmawar, CEO of ASAsoft Inc. Canada.

Describe your company?

The ASAsoft is a low-carbon technology company that develops and provides Power Grid Modernization and Smart Grid products for our critical aging infrastructure that are safer, perform at temperatures as low as -50 deg C and are more sustainable. 

ASAsoft uses proprietary algorithms which allow us to manufacture critical products like high voltage polymer insulator and AMDT & CRGO Transformer. Some of our processes have achieved near zero carbon neutral with over five million Insulators that have been field tested in 19 countries and the only such compliant company on the west coast of the USA, Canada and Mexico with more than dozen power utilities on board with approvals; including three large utilities in California and in British Columbia Canada.  

ASA Insulator is extensively featured in this article How PG&E Is Racing to Improve Safety as Fire Season Approaches - The New York Times (nytimes.com) multibillion-dollar plan to prevent the kind of fires that have killed scores of people, destroyed tens of thousands of homes and businesses and, last year, sent the power utility in San Francisco into bankruptcy. 

ASAsoft is the only Polymer insulator whose materials are tested and certified to withstand -80 deg C and works across the planet from the coldest to hottest temperatures  

What problem is your company solving and how is it solving it?

Reliable, affordable, low-carbon and secure electric power will enable nations to continue economic growth, will improve public health and safety and reduce greenhouse gas emissions.  

As population increasingly turns to renewable and clean alternatives such as electric heating, electric vehicles and greener industrial processes, our world will require more power than ever before. Our power-hungry society will need reliable and energy-efficient grids.  

Globally, transmission energy losses are about 8% of total power transmitted, equating to over 13,000 TWh. Reducing these losses by even 0.1% with better insulator technology could result in emission reductions of over 4 million tonnes CO2e, equivalent to the CO2e emissions from 450 million gallons of gasoline[1].  

Our innovative electrical insulator product delivers multiple benefits over traditional insulators. The ASAsoft 2.0 insulator components have lower emissions, longer lifespan, and improved handling safety.

What’s a recent milestone or breakthrough your company is proud of?

When you walk on the streets in BC or California and see a powerline on the boulevard that has non-traditional insulator it will most likely be a product from ASAsoft technology. A company from Victoria is actually making a difference and having a global impact.

What makes Victoria a great place to build a technology business?

Brain power, diversity, collabration with universities like UVIC, Camosun college is so seamless.

What is Victoria tech’s biggest hidden secret?

People.

What is your number one Victoria tech prediction for 2023?

Bigger and better.

What local tech company or product excites you the most right now?

All in general. More specifically the products that are more sustainable, make lives affordable and are environmentally friendly.