International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE)
India has significant ambitions for energy security and sustainability. Government of India aims to provide universal, reliable 24x7 power supply across the nation. By 2030, India aims to reduce its emissions target to 33-35% - amongst the highest across developing countries and increase the share of non-fossil fuel-based electricity to 40%.
Public sector organisations such as Energy Efficiency Services Limited of India (EESL), Bureau of Energy Efficiency (BEE), along with think tanks such as Centre for Study of Science, Technology and Policy (CSTEP), The Energy Research Institute (TERI), World Resources Institutions (WRI), Rocky Mountain Institute (RMI) and other public and private sector stakeholders, supported by bilateral and multi-lateral development partners, have been proactively driving the diverse agenda to scale up the energy efficiency market transformation in India. As energy markets evolve and undergo disruption and new innovative tools that are emerging through the domain of Big Data & IoT, and Blockchain become mainstream, there are phenomenal opportunities to ramp up the deployment of energy efficiency measures in a way that the world has not seen before. Against this backdrop, EESL and the World Bank, along with several other supporting organisations presents the fourth "International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE) 2019".The Government of India has sharpened its focus by positioning energy efficiency as one of the four key pillars for India’s energy future. The National Mission on Enhanced Energy Efficiency (NMEEE) is a testimony to India’s commitment towards climate change mitigation through Policy & Practice initiatives. In order to deliberate on such best practices, Energy Efficiency Services Ltd. (EESL) along with The World Bank, India’s Bureau of Energy Efficiency (BEE) and Department of Science and Technology(DST) organized a signature event INSPIRE 2017 at Jaipur, India during November 2017. Over 300 delegates from government, non-government, international agencies, multi-lateral development banks and bilateral development partners deliberated on various burning issues and solutions of climate change in the 5-days event. One of the take away of INSPIRE 2017 is to bring more and more “Innovation” in energy efficiency arena.
HIGHLIGHTS FROM #InnovateToINSPIRE 2018
INSPIRE 2018 set the tone for innovation in India’s energy scenario. The first edition of #InnovateToINSPIRE, a first-of-its kind energy innovation challenge, was organised to invite ideas for scalable solutions in the realm of energy efficiency. The challenge invited participants to submit sustainable and scalable solutions to seven specific challenges spanning across Grid Management, E-Mobility, Energy Efficient Technologies and Financial Instruments. It received good response from participants across the world, with 94 submissions. Renowned personalities from diverse fields including academia, policy making, finance, media and research identified four path breaking innovations from these submissions who were recognised by Hon’ble Minister of State for Power and New & Renewable Energy, Shri R.K. Singh during the inaugural session of the international symposium. The winners were awarded cheques of INR 5 lakhs each, a trophy and an opportunity to take their innovation to the market.
EESL’s support to winners
EESL had reached out to all the four winners of the first edition of the #InnovateToINSPIRE challenge 2018 to support them in taking their ideas to market. EESL is in advanced stages of discussion with two of the winners and is handholding them to scale-up.