#InnovateToINSPIRE

India has significant ambitions for energy security and sustainability. By 2030, India aims to reduce its emissions target to 33-35 percent - amongst the highest across developing countries - and increase the share of non-fossil fuel-based electricity to 40 percent.

To reach these sustainability targets, newer technologies and approaches need to be implemented. As a nation, India has achieved significant strides both in renewable generation and adopting energy efficiency, with renewables constituting 8 percent of the total domestic grid, and the nation’s energy intensity declining by 58 percent between 2005-06 and 2015-16.

However, the effectiveness in both these arenas is inhibited by several specific challenges. Although a clean form of energy, renewables provide intermittent electricity access and therefore expose transmission grids to risks of collapse. Energy consumption in India is expected to increase by 165 percent by 2040, but adoption of energy efficient alternatives is limited to specific appliances and institutions with minimal support for risk-sharing by financial institutions.

The intervention potential for targeted innovations – technologies, processes and business models that can sustain clean energy supply and responsible consumption while balancing development ambitions - is not only significant, but a critical need as developing nations like India bear the brunt of the burden of climate change action.

inviting THINKERS, DREAMERS, DO-ERS, INNOVATORS, INVENTORS, PIONEERS, TRAILBLAZERS, TRENDSETTERS, ENTREPRENEURS…

To spark this movement, Energy Efficiency Services Limited (EESL) and World Resources Institute (WRI) are proud to conduct the #InnovateToINSPIRE Challenge 2018.

Challenges


EVlution (E- mobility)

EV with a cost of INR 10 lakhs or less and runs 200 Km or more in a single charge.

Read More

Improved Grid Management System

  • Development of a forecasting tool to improve the accuracy of weather and wind forecasts, in spatial and temporal resolution and on time scales from hours to days.
  • Develop an economically viable battery storage business model with improved energy storage, power performance and charging capabilities and revenue stream.
Read More

Energy Efficient Technologies

  • Develop household instrument/ devices (Example: smart power strips) that can help minimise or remove the stand-by losses. The cost of production of the same should be less than INR 250/ piece.
  • Develop a business model (including innovation in technology) that can reduce the final rental/ kg of goods by 40% or/ and reduces the transportation cost by atleast 25 percent.
Read More

Financial Instruments

  • Develop instruments of securitization to create liquidity to support energy related innovation.
  • Develop instruments to be issued by entities for low cost and long tenure loans .
Read More