Need Collaborative Approach to Building Future-Ready Energy Efficient Ecosystem

INSPIRE 2019 featured some ways to harness technology to make the next generation of urban and rural spaces resilient, inclusive, and energy-efficient.

The two-day International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2019) concluded in Mumbai and featured some of the most prominent leaders and experts discussing ways to harness technology to make the next generation of urban and rural spaces resilient, inclusive, and energy-efficient.

The symposium was organised by Energy Efficiency Services Limited (EESL) in association with The World Bank (WB), Asian Development Bank (ADB), United States Agency for International Development (USAID) and World Resources Institute, India (WRI India), the fourth edition of INSPIRE witnessed participation from over 350 experts and delegates from India, United States, United Kingdom, Israel, Maldives, Thailand and Saudi Arabia.

Based on the theme of Innovation, INSPIRE 2019, honoured five pathbreaking innovations in clean energy and energy efficiency as part of the second edition of #InnovateToINSPIRE challenge, a first-of-its-kind energy innovation challenge. The five winners were felicitated by Sanjiv Nandan Sahai, Secretary, Ministry of Power, Government of India. Winners were awarded a cheque of Rs 5 lakh, each and mentorship to bring their future-ready solutions to market.

The winners were:

• DARWYN (E-mobility)
• Reckongreen (Energy Efficient Technology)
• Sunvest (Financial Instruments)
• REConnect Energy (Grid Management)
• Vyoda Pvt Ltd (Clean Energy)

At the event, EESL entered into an agreement with Axis Bank under the Building Energy Efficiency Programme (BEEP) and will implement Energy Efficiency Measures in around 1300 branches across the country initially, on deemed energy savings based ESCO model with 100 percent financing by EESL and then scale it up further. The agency also signed an MoU with CIDCO, Maharashtra for lease & fleet management of electric cars and setting up charging stations. The objective of comprehending synergies in business development across to set up Public Charging Infrastructure for electric mobility.

Concluding the symposium, Saurabh Kumar, MD, EESL said that “INSPIRE has emerged as a platform that encourages the exchange of global best practices, discussions, and deliberations, to ensure a conducive policy environment that translates the practice of energy efficiency into tangible benefits for India and the world at large.

“We are immensely happy with the response that we received from all our partners and stakeholders in terms of attendance and deliberations. I hope that these two days have empowered each of the participants with ideas for solutions and access to solution-drivers that will hasten our collective journey towards a more climate-resilient and energy efficiency world”