The partnership will lead to enhanced power system modeling backed with rich data-sets to identify interventions for addressing power sector problems like grid instability.
India’s Department of Science & Technology and the Swedish Energy Agency have launched a collaborative funding program for Indian and Swedish companies that aim to jointly develop new technologies, services and processes in the area of smart grids.
The startup—which has developed an Internet of Things (IoT) based service for power grid monitoring and automation—will use the amount to strengthen the software platform and expand the scale to different geographies.
State-owned Power Finance Corporation will provide Rs 2.38-crore financial assistance to the Indian Institute of Technology-Kanpur to develop infrastructure for R & D in smart grid technology.
July 6 is the last date to submit proposals for the ambitious ‘one sun, one world, one grid’ plan that aims at seamless sharing of renewable energy resources among countries for mutual benefits and global sustainability. The program has been taken up by the Ministry with assistance from the World Bank.
The Climate Investment Platform launched by three multilateral bodies in September is now open for business and renewables companies in developing nations across 14 regions including south Asia could qualify for help with clean energy facilities, renewables-related grid improvements and energy efficiency schemes.
The programme—co-funded by Swedish Energy Agency and India’s Department of Science & Technology (DST)—aims to develop technologies that can be commercialized after two years. While SEA has committed US$2.6 million over four years for research and innovation collaboration with India, DST will also fund a matching investment of Rs 18 crore to support Indian partners.
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