Energy Efficiency Services Limited (EESL), under the Ministry of Power, Government of India, along with the United States Agency for International Development (USAID) has announced that it has organized a multi-stakeholder roundtable on EESL’s value enhancing business propositions and services model. EESL introduced the stakeholders to its Integrated Energy Efficiency Services Model which comprises of its state-of-the-art energy efficient products and services for buildings and commercial operations to deliver the maximum benefits of its expertise through innovative business models.
Aimed at providing optimal energy efficiency interventions for organisations, the roundtable was held under the U.S-India bilateral ‘Market Integration and Transformation for Energy Efficiency (MAITREE) programme. The programme accelerates market transformation for cutting edge, energy efficient technologies. EESL and USAID have partnered to develop strategies for roll-out of scalable, market led solutions for sustainable cooling technologies and superefficient buildings under the MAITREE programme.
On the sidelines of the roundtable, EESL signed Agreements with five Indian organisations under the India-Israel Industrial R&D & Technological Innovation Fund (i4f) such as Global Innovation & Technology Alliance (GITA), Datamatrix Infotech Pvt Ltd, BAIF Research Foundation and IIT Bhubaneshwar. This partnership aims to demonstrate a cross-cutting technology in agricultural water pumping application in India. Apart from this, MoU was also signed between EESL and Arvind Mills to implement energy efficiency interventions in their industrial units.
Talking about the model, Rajeev Sharma, Chairman, EESL said, “EESL has been adding a multiplicity of demand-side energy efficiency solutions to its portfolio ever since its inception. We now offer an entire spectrum of state-of-the-art energy efficient products and services for buildings and commercial operations under our Integrated Energy Efficiency Services Model. The aim is to deliver the maximum benefits of our expertise at a low cost to the customers. Spanning energy efficient appliances, power generation technologies, metering devices and sustainable transportation, our integrated services model has the potential to enable energy efficiency at multiple points of usage. We are thankful to USAID for joining us in this journey which reaffirms the global consensus that energy efficiency is one of the most effective pathways for a sustainable future for all nations.”
Leading experts from across industry, multilateral bodies and financial institutions participated in the roundtable where stakeholders were apprised on EESL’s services and unique financing models for implementing energy efficiency solutions. EESL has been at the forefront of ushering in cutting edge, energy efficient technologies to the market in a cost-effective manner, since 2009. It has resulted in market expansion of energy efficient products, leading to lower prices and higher adoption. It has enabled savings of nearly INR 17,400 crore and 49,000 million kWh of electricity each year through these energy efficiency interventions for its customers resulting in better quality of life.
Apurva Chaturvedi, Clean Energy Specialist, Energy & Environment office, USAID, India said, “We are proud to work with EESL in transforming the markets towards energy efficiency and higher performance standards. This roundtable is a step towards exploring more opportunities in the energy efficiency domain by leveraging EESL’s unique Integrated Energy Efficiency Services Model which can deliver major economic and environmental benefits.”
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