World Bank, WRI & EESL Invite Entries For #InnovateToINSPIRE Challenge


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Akash1886

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World Bank, WRI & EESL invite entries for #InnovateToINSPIRE Challenge launched today​

Participants to submit sustainable and scalable solutions in grid management, eMobility, energy efficiency, and energy market transformation

Winners stand to win INR 5 lakhs along with mentoring to help bring future ready solutions to market

New Delhi, 21 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. Initiatives like the #InnovateToINSPIRE Challenge can play a significant role in speeding up the deployment of the disruptive and innovative technologies that we need for such a sustainable energy future. I congratulate The World Bank, WRI and EESL for ideating and conducting this challenge, and urge stakeholders across the globe to participate in this initiative towards the larger efforts of universal energy access.”

Also speaking at the occasion, Shri Rajeev Sharma, Chairman, Energy Efficiency Services Limited (EESL) added: “This Challenge highlights the vast potential and breadth for innovative and effective intervention in transforming India’s development story. Today’s dreamers and doers will craft tomorrow’s reality, especially as developing nations like India struggle increasingly with the ever-growing burdens and challenges of sustainable and impactful climate change action while pursuing their development ambitions. I hope this initiative, and the many others like it, spur measurable action towards securing a greener and brighter future for all.

Winners of #InnovateToINSPIRE Challenge will be eligible to receive funding of INR 5 lakhs, each, along with mentoring and guidance from sector experts to help them bring their solutions to market. Along with their potential to suitably address the challenge requirements, entries will be evaluated on the originality, feasibility and scalability of the proposed concept and solution. The selection process will compose of three stages that will culminate in shortlisted participants presenting to a jury consisting of the world’s leading experts in energy management and sustainability.

The Challenge is a central feature of this year’s, “International Symposium to Promote Innovation & Research in Energy Efficiency 2018,” (INSPIRE 2018), an annual international conference jointly organized by The World Bank and EESL to showcase innovations and best practices in energy efficiency technologies, policies and financing. INSPIRE 2018 will focus on the theme of innovation, and aims to provide a unique platform to policy-makers, influencers, innovators, thought leaders, researchers, leading energy-efficiency companies, government agencies, business leaders and stakeholders from diverse sectors in India and abroad to discuss energy policies, market transformation strategies, and technology and business-model led transformations. The event will be held in Hyderabad on 11-13 November 2018, with the winners of #InnovateToINSPIRE Challenge being facilitated at a special ceremony during the event.

Further details about the #InnovateToINSPIRE challenge can be found on www.innovatetoinspire.in.

About EESL

Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country. Driven by the mission of Enabling More – more transparency, more transformation, and more innovation, EESL aims to create market access for efficient and future ready transformative solutions that create a win-win situation for every stakeholder. By 2020, EESL seeks to be a US$ 1.5 billion (INR 10,000 crore) company.

EESL has pioneered innovative business approaches to successfully roll-out large-scale programs that allow for incentive alignment across the value chain and rapidly drive transformative impact. EESL aims to leverage this implementation experience and explore new opportunities in overseas market for diversification of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South-East Asia.

About WRI

World Resources Institute (WRI) is a global research organization that spans more than 60 countries, with international offices in Brazil, China, India, Indonesia, Mexico and the United States, regional offices in Ethiopia (for Africa) and the Netherlands (for Europe), and program offices in the Democratic Republic of Congo, Turkey and the United Kingdom. Our more than 700 experts and staff turn big ideas into action at the nexus of environment, economic opportunity and human well-being.

About The World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 70 years to fund its activities that achieve a positive impact.
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Akash
 
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EESL & World Bank to Organise INSPIRE 2018 for promoting innovation in energy efficiency​

Three-day conference to showcase innovation and implementation of best practices in energy efficiency technologies, policies and financing

To felicitate winners of the Innovation Challenge − #InnovatetoINSPIRE − on sustainable and scalable solutions in grid management, eMobility, energy efficiency and energy market transformation

Over 300 experts and delegates from India and other countries to attend

New Delhi, November 5, 2018: Energy Efficiency Services Limited (EESL), a joint-venture of PSUs under the Ministry of Power, Government of India, and the World Bank are organising the third edition of the three-day International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE-2018) from 11th to 13th November in New Delhi. The three-day conference will be held in collaboration with the World Resources Institute-India (WRI), Bureau of Energy Efficiency (BEE), The Energy & Resources Institute (TERI), Asian Development Bank (ADB), United Nations Environment Program (UNEP) and Administrative Staff College of India (ASCI).

INSPIRE 2018 will be a unique platform bringing together policy-makers, influencers, innovators, thought leaders, researchers, leading energy-efficient companies, government agencies, business leaders and other stakeholders. The sessions at the conference will witness deliberations on key energy policies, market transformation strategies, and sustainable business models that could reshape the Indian energy efficiency market, aligned and consistent with global best practices.

Hon’ble Minister (I/C) of Power, New & Renewable Energy, Govt. of India Shri R.K Singh will inaugurate the event on 11th November, 2018. The three-day event will include panel discussions on e-mobility, energy storage, innovative financing, marketing mechanisms and energy efficient technologies. The discussions will range from finding strategies to address bottlenecks in the Indian power market to implementing regulatory requirements for creating the market pull for emerging technologies and solutions.

In the run up to INSPIRE 2018, EESL, in association with WRI, had organised #InnovatetoINSPIRE, a first-of-its-kind energy innovation challenge in India to invite ideas for scalable solutions in the realm of sustainable energy development. The #InnovateToINSPIRE challenge is a central feature of INSPIRE 2018 and the winners will be felicitated at a special ceremony during the event.

The jury for the challenge comprises eminent experts including Mr. R V Shahi, Former Power Secretary & Chairman & Managing Director Energy Infratech Private Limited; Dr. Ajay Mathur, Director General, The Energy & Resources Institute; Dr. V.S. Arunachalam, Chairman & Founder, Center for Study of Science, Technology and Policy (CSTEP); Dr. Mridula Dixit, Principal Research Scientist, CSTEP; Mr. Gireesh Pradhan, Ex-Chairman, CERC; Mr. Brian Motherway, Head of the Energy Efficiency Division, International Energy Agency (IEA); Mr. R. Sukumar, Editor-in-Chief, Hindustan Times; Mr. Hormazd Sorabjee, Editor, Autocar India; Dr. Nikit Abhyankar, Senior Scientific Engineering Associate, Lawrence Berkeley National Laboratory (LBNL); Dr. Steven Fawkes, Managing Partner, EnergyPro Ltd; Mr. Ajeeth Narayan, Managing Director, Investec India; Mr. Pradeep Bhargava, CEO, GladMinds Technologies Pvt Ltd; Mr. Amit Kapur, Partner, J. Sagar Associates; Mr Priyavrat Bhati, Centre for Science and Environment, and Prof. UB Desai, Director-IIT Hyderabad.

The winners of the #InnovateToINSPIRE challenge will also receive funding of INR 5 lakh each, along with mentorship from sector experts to bring their solutions to the market.

Mr. Saurabh Kumar, Managing Director, EESL, said, “To sustain India's emerging 'energy leadership' and tap into the potential of clean energy and energy efficiency, it is important to involve experts, academia, industry and policy decision makers and foster cross-stakeholder partnerships. Platforms like INSPIRE offers such opportunities to deliberate on synergies, readiness and opportunities in areas that will help facilitate faster adoption of new energy efficient and clean energy technologies in India.”

Some of the key dignitaries who will attend the three-day conference include Mr. Kenichi Yokoyama, Country Director -India, Asian Development Bank (ADB); Dr. Junaid K. Ahmad, Country Director -India, The World Bank (WB); Mr. Manish Bapna, Executive Vice President & Managing Director, WRI; Dr. O.P. Agarwal, Chief Executive Officer, WRI - India; Dr. Brian Motherway, International Energy Agency; among others.

As part of the endeavor to showcase EESL’s projects and schemes, an exhibition will be organised at the event to help participants closely understand our innovative business models and programmes. The shortlisted participants of the #InnovatetoINSPIRE challenge will also be given an opportunity to showcase their solutions at the exhibition.
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Akash1886

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INSPIRE 2018 concludes after three days of insightful deliberations; Showcased four unique & innovative solutions for energy efficient India

Union Power Minister R. K. Singh directs #InnovateToINSPIRE challenge to be an annual feature
InnovateToINSPIRE and INSPIRE 2018 organised by World Bank India, EESL in collaboration with ADB.jpg

New Delhi, November 13th, 2018: The three-day International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2018) concluded in New Delhi, today. Organised by Energy Efficiency Services Limited (EESL), a joint-venture of PSUs under the Ministry of Power, Government of India, and the World Bank, the third edition of INSPIRE witnessed participation from over 300 experts and delegates from India, Korea, Nepal, Bangladesh, Vietnam, Thailand and the US.

Organised on the theme of innovation, INSPIRE 2018 included the first edition of a unique challenge, #InnovateToINSPIRE that was organised by EESL, in association with the World Resources Institute (WRI). The challenge identified four path-breaking innovations in energy efficiency and clean energy from 94 entries. The four winners were felicitated by Shri R.K. Singh, Hon’ble Minister of Power, New & Renewable Energy, (I/C), Govt. of India. Winners were also awarded a cheque of Rs 5 lakh, each.

The winners are

Next Drive Electric

Minion Labs

Cydee technologies Private Limited

Mobile Li-ion Battery System (MOLIB)

“Energy efficiency measures are perceived as public goods, but delivery private benefits. These co-benefits are important for capturing and transforming energy markets. Countries have been able to demonstrate effectiveness of clean energy efforts when they close the loop on financing,” Dr. Ashok Sarkar, Senior Energy Specialist, The World Bank said at the innovation challenge session of INSPIRE 2018.

“Sharing knowledge and best practices is as important to promoting clean energy growth as sustainable financing. This is where forums like INSPIRE provide opportunity for knowledge sharing,” he added.

The three-day program consisted of nine sessions on: relevance of innovation & research in reshaping energy efficiency market; energy efficiency policy landscape and new developments across the globe; new initiatives in energy efficiency in Asia, aligning with global needs; energy efficient technologies covering appliances and cold chain; electric mobility and charging infrastructure; improved grid management and battery storage system; approaches to scale up energy efficiency through innovation; and financial instruments for energy efficiency.

During the three days, eminent speakers deliberated on enhancing grid management, eMobility, battery storage, financial instruments and technologies for energy efficiency in India. Eminent dignitaries at the event included Dr. Ajay Mathur, Director General, TERI; Mr RV Shahi, Chairman, Energy Infratech; Dr. Brain Motherway, Head of Energy Efficiency, IEA; Dr. OP Agarwal, CEO, WRI; Mr. Jiwan Acharya, Senior Energy Specialist, ADB; Mr. Gireesh Pradhan, Ex-Chairperson, CERC; Mr. Atul Bagai, Head of Country Office India, UN Environment;

Dr. Steven Fawkes, Managing Partner, Energy Pro, UK; Mr. Iain Campbell, Rocky Mountain Institute, among others.

The symposium also featured an exhibition of the eight finalists to the #InnovatetoInspire Challenge, along with EVs by Tata, Hyundai, Mahindra & Mahindra & Nissan.

Wrapping up the symposium, Shri Saurabh Kumar, MD, EESL said, “The outcome of the three-day conference has been encouraging. The discussions in the last three days and entries for the #InnovateToINSPIRE challenge will go a long way in enabling a cleaner, greener, and more efficient future for all. We are thrilled that Hon'ble Minister Shri R.K Singh asked for the event and the innovation challenge to be repeated annually to bring innovators and companies together..”

INSPIRE 2018 was organised in collaboration with WRI, Bureau of Energy Efficiency (BEE), The Energy & Resources Institute (TERI), Asian Development Bank (ADB), United Nations Environment Program (UNEP), and Administrative Staff College of India (ASCI).

About EESL

Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio in the country. Driven by the mission of Enabling More – more transparency, more transformation, and more innovation, EESL aims to create market access for efficient and future-ready transformative solutions that create a win-win situation for every stakeholder. By 2020, EESL seeks to be a US$ 1.5 billion (INR 10,000 crore) company.

EESL has pioneered innovative business approaches to successfully roll-out large-scale programs that allow for incentive alignment across the value chain and rapidly drive transformative impact. EESL aims to leverage this implementation experience and explore new overseas market opportunities for diversification of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South-East Asia.

Over the next two days, the international conference will be addressed by government leaders, decision-makers and thinkers from international energy agencies in a series of executive panel discussions. Centred around the INSPIRE 2018 theme, these will cover the product, technology, innovation ecosystem of financial ecosystems, battery technology, e-mobility, appliances, and the role of Asia in climate change mitigation and energy efficiency.

About The World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 70 years to fund its activities that achieve a positive impact.
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Akash
 
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