The Automotive India - 21st August 2018
Shri Ajay Kumar Bhalla, Secretary, Ministry of Power today launched the, “#InnovateToINSPIRE: Creating Future Energy Solutions,” Challenge that is collectively being organized by The World Bank, World Resources Institute (WRI), and Energy Efficiency Services Limited (EESL) under administrative control of Ministry of Power, Government of India. The Challenge is open to participants across the world and aims to address specific issues inhibiting grid stability and adoption of eMobility, while also endeavouring to expand the markets and applications for energy efficiency interventions across India. Registration and application submission for the challenge are open to participants from 21 August 2018 to 12 October 2018. #InnovateToINSPIRE invites participates to submit sustainable and scalable solutions to seven specific challenges spanning grid management, eMobility, energy efficiency and energy market transformation. These challenges include development of: weather and wind forecasting tools to assist renewable energy generation, economically-viable energy storage systems, devices for minimizing standby energy losses, business models for driving energy efficiency in cold storage, cheaper and higher-range electric vehicles than those currently available in market, financial instruments for sustainably funding and securitizing energy-related innovations. Announcing the Challenge, Shri Ajay Kumar Bhalla, said: “ India is moving towards a future in which even its remotest regions will have access to reliable and affordable power. However, the pace of our development in this direction needs to be accelerated for the nation to meet its growth ambitions.
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