Tata Power Trading Co. Ltd, an arm of Tata Power, and Keppel, a Singapore-headquartered global asset manager and operator with expertise in sustainability-related solutions, have entered into a collaboration arrangement to launch sustainable Cooling-as-a-Service (CaaS) solutions in India.
CaaS enables businesses and building owners to subscribe to long-term, energy-efficient space cooling solutions without having to invest heavily in infrastructure, thus allowing them to enjoy significant energy and cost savings.
Aligned with India’s Cooling Action Plan (ICAP) and its Smart Cities Mission, the Tata Power- Keppel collaboration aims to provide state-of-the-art CaaS solutions, through the deployment of both large-scale district cooling systems (DCS) as well as individual building systems to serve India’s key urban areas, commercial and industrial sectors.
The collaboration will focus on high-demand environments, such as airports, IT parks, Special Economic Zones, data centres, and other industrial and commercial properties where the aggregation of cooling demand through solutions, such as DCS, can help to reduce energy use by up to 40% and cut carbon emissions by up to 50%.
Tata Power will bring its deep understanding of the local market and extensive infrastructure network to the collaboration. It will also provide comprehensive energy solutions through the supply of power, energy management services, e-mobility, solar PV/wind, and carbon offsets.
Keppel will harness its expertise in designing and operating CaaS solutions in Asia to jointly explore opportunities with Tata Power in the Indian market. As the pioneer DCS provider in Singapore, Keppel has a combined cooling portfolio of more than 260,000 refrigeration tonnes in Asia, serving the commercial, retail, and residential sectors as well as mission-critical industrial customers, such as wafer fabrication, biomedical and data centres.
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