EESL’s new acquisition Edina wins Queen’s award for Enterprise.

The company recently acquired byEnergy Efficiency Services Limited (EESL)and its UK subsidiary EnergyPro Assets Limited’s (EPAL) - Edina UK Ltd - has been awarded the prestigiousQueen’s Award for Enterprise: Innovation 2018. Edina isthe leading supplier, installer and maintenance provider for combined heat and power (CHP), gas, and diesel power generation solutions in the United Kingdom (UK).

Established in 1966, the Queen’s Award for Enterprise programme is the highest official recognition in the UK, celebrating businesses that have delivered outstanding achievements within International Trade, Innovation, Sustainable Development and Promoting Opportunity through social mobility. Valid for five years, the award is granted to 200 British businesses every year.

Edina, recently acquired byEESL and EPAL through a £55 million (INR 493 crore) investment in a first-of-its-kind venture by an entity under the Government of India’s Ministry of Power,won the Queen’s Award for Enterprise: Innovation 2018 due to its in-house technical approach and innovation in delivering turnkey project management for total power generation solutions. Edina provides design, engineering, project management, commissioning and, service and maintenance of CHP, gas and diesel power plants using designs that optimise operational efficiency while providing high levels of service and maintenance.

Mr Saurabh Kumar, Managing Director of EESL and Chairman of EPAL stated: “This is an extremely proud moment for EESL and EPAL, and we congratulate the Edina team for this well-deserved distinction. This award reinforces the market’s faith in Edina’s superior technology and servicing capabilities, and validates our choice in this company as our partner for scaling the Indian and international trigeneration market.”

To date, Edina is also the only company in the UK’s power generation sector to have received this honour twice, earlier winning the Queen’s Award for Enterprise: Innovation in 2014.

Ms. Neelima Jain, CEO, EPAL and now Director, Commercial and Business Development, Edina, added: “We are very pleased and honored with Edina’s win. The Queen’s award is a great honor and recognition of Edina’s three decades of exceptional service. It strengthens our capabilities to create greater synergiesbetweenEdina, EESL and EPAL, all companies that have achieved distinguishing competencies in energy efficiency markets across the globe.UK is a promising market for EESL to grow its own capabilities and we foresee many more such milestones in the future.”

Trigeneration is a globally-proven technologythat simultaneously creates three energy sources - electricity, heat and cooling – through an engine generator that is powered by fuels like natural gas, oil and biomass. CHP is a popular and commercially viable model, and can be can be installed in an industry’s facility, commercial building, district energy or utility resource, thereby reducing the energy consumer’s electricity costs, enabling reliable power supply due to captive generation, and nullifying the need for investments in centralised cooling equipment and hot water boilers.Industries and commercial buildings that require 24x7 supply of electricity, heating and cooling can expect to derive the most benefit from trigeneration technology

With over 30 years of operational experience, an annual turnover of £100 million (INR 896 crore), Edina offers installation and maintenance services for this technology to over 400 customers, offering bespoke containerized solutions that reduce customers’ energy costs and carbon emissions. Using advanced real-time remote monitoring telematics and system management efficiencies,the company also provides continuous and reliable power supply from sites in the UK, Ireland and Australia and is the sole distributor of MWM gas engines in the UK and Ireland, and of Perkins diesel engines in Ireland. Edina’s engineering, project management and commissioning teams ensure seamless integration to site infrastructure,realising the strategic objectives of the power generation project whilst maximising the return on client investment.

EESL aims to leverage Edina’s unique award-winning approach with its own proven innovative business models to driveadoption of trigeneration technology,and transformation ofthe CHP market, in India. EESL has already signed Memorandum of Understanding for trigeneration projects with industriesin India, and is conducting audits in several hotels, hospitals, industries and airports across India to identify the feasibility and intervention potential of trigeneration and CHP systems.

With a proven track record of forging new frontiers in the global energy efficiency services markets, EESL is implementing a global strategy and commitment to invest £150 million (INR 1,343 crore) through EPAL into energy services business opportunities in the UK, EU and North America between 2017 and 2019.

Energy efficiency initiatives being implemented by EESL have cumulatively led to energy savings of over 41 billion kWh and a reduction of over 32 million tonnes of greenhouse gas (GHG) emissions across the globe.