The Oberoi Group signs MoU with EESL to further its

 The Oberoi Group signs MoU with EESL to further its sustainability initiatives

• Aims to reduce the group’s overall carbon footprint
• Tailor-made energy efficiency solutions for each of the hotels & resorts

With the aim to augment its sustainability initiatives, The Oberoi Group has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services Limited (EESL), a joint venture of 4 PSU’s under the Ministry of Power. EESL through its Building Energy Efficiency Program (BEEP) will assist The Oberoi Group in implementing several well-established energy efficient initiatives, including clean energy systems across its properties. These initiatives will help reduce the Group’s overall carbon footprint and strengthen its energy conservation efforts.

Under the partnership, EESL, through its nationwide network, will collaborate with all Oberoi Group Hotels to evaluate opportunities for saving energy and lowering emissions. EESL will recommend select energy programs from its portfolio with proven track records of successful implementation. Additionally, as a part of The Oberoi Group’s efforts towards sustainability, tailor-made energy efficiency initiatives for each of their hotels & resorts will be executed.

EESL will provide technical support and extend its procurement advantage through its partners across the energy sector. The potential energy efficiency measures will include lighting, electric motors & pumps, air-conditioning, ventilation systems, indoor air quality systems and electric vehicles along with charging infrastructure.

Speaking about this partnership, Mr. Saurabh Kumar, Executive Vice Chairman, EESL said, “Energy efficiency is becoming central to sustainable growth of businesses. EESL has pioneered energy efficiency improvement across India and empowered millions of people through its innovative schemes. Our partnership with The Oberoi Group stands testament to the exemplary vision and progressive approach of a hospitality leader in joining the forces of achieving sustainable development of the country.”

Mr. Vikram Oberoi, Managing Director and Chief Executive Officer of The Oberoi Group said, “Sustainability is at the core of our ethos at The Oberoi Group. It has always been our endeavour to identify and implement innovative, ecological solutions across our hotels and businesses. Several of our hotels are powered by renewable sources and are supplemented with energy efficient measures which have progressively reduced our carbon footprint. Our partnership with EESL further strengthens our commitment towards the planet and our vision of providing sustainable luxury experiences to our guests.”

CESL signs agreement with Common Service Centre SPV to build

CESL signs agreement with Common Service Centre SPV to build demand aggregation for EVs; design solar and battery energy storage solutions

• Using innovative tools, CESL will bring in a convergence between renewables, electric vehicles, battery energy storage solutions

 

• CSC will act as a demand aggregator for turnkey solutions and other initiatives of CESL through village level entrepreneurship

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), today signed an agreement with CSC e Governance Services India Limited (CSC SPV) to create demand aggregation for electric mobility, solar, energy efficiency solutions and other initiatives of CESL.

The agreement was signed between Ms Mahua Acharya, MD & CEO, CESL and Dr. Dinesh Kumar Tyagi, MD CSC SPV in the presence of Mr. Saurabh Kumar, Executive Vice Chairperson (EVC), EESL Group among other dignitaries from EESL, CESL and CSC.

Under the agreement CESL and CSC will aggregate demand and carry out feasibility studies for projects in renewables (decentralized solar), energy efficiency (solar micro-grids, solar based agricultural pump-sets), e-mobility (EV charging stations, battery charging stations and battery swapping stations), Battery Energy Storage Systems, etc.

Speaking on the occasion, Ms Mahua Acharya, MD, CESL said, “Through this agreement, we will be able to expand our outreach across the country. Convergence, with its new and innovative business models, intends to maximise India’s efforts on climate action and accelerate the impact of our initiatives in greening India.”

Highlighting the importance of the agreement, Sanjay Kumar Rakesh, Chief Executive Officer, CSC, said, “It is an honour to partner with CESL to create demand aggregation for projects that will contribute to climate action. With CSC’s strength in implementing inclusive schemes on a large scale, this agreement will enable wide-scale deployment of renewables, electric mobility, and other energy efficiency solutions that are crucial for India's energy transitions.”

Commenting on the agreement, Mr. Saurabh Kumar, Executive Vice Chairperson (EVC), EESL Group, said, “The number of CSCs has increased, and it is offering several benefits to the common man, largely in non-metro areas. CSCs today are prescribed as one of the service delivery points in rural India. Through this partnership, I hope that we will be able to expand our footprint across remote areas of India and promote the implementation of energy efficiency projects.”

Convergence Energy Services Limited (CESL) as a newly established company is taking the lead in delivering clean, affordable, and reliable energy supply. It is focusing on energy solutions that lie at the confluence of renewable energy, electric mobility, and climate change by using innovative financial models. It will also prepare, monetize, and hold carbon assets arising from clean energy generation, battery energy storage and energy efficiency.

Common Services Centres (CSCs) are a strategic corner stone of the Digital India programme. CSCs are envisaged as assisted front end ICT (Information and Communication Technology) enabled centres for delivery of various G2C (Government to Citizen) and other B2C (Business to Citizen) services to the citizens.

The proposed relationship will create a sustainable living, create employment opportunities, and promote clean energy solutions across remote locations of India.

Energy Efficiency Services Limited invests in

 Energy Efficiency Services Limited invests in SWAG EV to catalyze energy transformation in Southeast Asia; transaction facilitated by South Pole’s SHIFT Asia Platform

World’s largest energy service companies invests in an emerging e-mobility actor to drive convergence - an emerging concept bringing together electric mobility, renewable energy, and carbon finance

 

In Thailand, the drivers of the 21 million motorbikes – the main form of transportation in most cities and a leading cause of transport-related carbon dioxide emissions – now have a new role to play in the fight against climate change.

 

Energy Efficiency Services Limited (EESL), the world’s largest energy service company, today announced it will invest in SWAG EV, an emerging e-mobility player to drive the use of electric motorbikes while contributing to increasing power grid flexibility. This concept of convergence - the integration of electric mobility, battery storage, renewable energy generation and carbon finance - has the power to provide clean, reliable and affordable energy, and catalyse an energy transformation in Southeast Asia.

 

By using e-bikes with swappable batteries, most of which will be charged by solar power, they can drive the transformation to healthier cities while fighting climate change. ‘Batteries on wheels’ create an overlap between e-mobility, solar energy battery storage and a more flexible power grid. The e-bike batteries will increase the capacity of the power grid to incorporate a higher share of renewable energy in its energy mix and trigger decarbonization in Thailand. This concept is replicable across the world and this project will serve as the basis for implementation in India.

 

EESL is a pioneer in driving the concept of convergence in its key markets – India and Southeast Asia. As one of the world's largest public energy service companies, owned by the largest public sector enterprise in the Indian power sector, EESL has invested in SWAG EV, an emerging actor ushering in the two-wheeled e-mobility transformation in Southeast Asia.

 

EESL’s initial US$5 million investment was conceptualized by SHIFT Asia, a carbon finance platform designed and operated by South Pole to mobilize climate finance for e-mobility. In addition to its investment, SHIFT Asia will co-fund the e-bike charging infrastructure in designated service areas and support EESL in financing shared batteries; all to make battery swapping and charging simple and convenient.

 

A major mid-term goal of the SHIFT platform is to use these batteries in their second life as a distributed renewable energy storage facility, providing the Thai energy grid with the flexibility to manage a higher share of variable renewable energy. They will be charged during the day with solar power (when electricity demand is low), and discharged during the evening power peak hours, when there is more demand than supply of electricity.

 

Charging stations located in factories with solar roofs will also be able to store and release surplus solar power.  This system helps Thai utility companies increase the flexibility of the power grid, both in terms of managing variable renewable energy generation and reducing the load on the grid during peak hours.

 

Saurabh Kumar, Executive Vice Chairperson of EESL Group Companies: “As the power sector across the world deals with more renewable energy, and electric mobility takes off, it is  essential that we, as key stakeholders, join forces and enable a clean, green, and electric future for better public health and quality of life – for ourselves and coming generations. EESL is driven by the objective of facilitating faster adoption of disruptive technology solutions, while balancing economic development and environmental sustainability.”

Janson Chen, Executive Director, SWAG EV: “We are committed to catalysing e-mobility in SEA, which has the highest use of 2-wheelers per capita and a growing middle-income consumer segment. We are thrilled to have such a respected investor as EESL supporting our vision, and excited to scale it further, together with our partners and investors.”

 

Ingo Puhl, co-founder and Managing Director Thailand, South Pole: “We are excited to be part of these pilot projects, which test the convergence concept of shared batteries, climate finance and renewable energy, and have the potential to transform transportation across Asia where motorcycles are widely used. It also has the possibility of massively reducing emissions as a valuable side-effect.”

 

Mahua Acharya, Member of the Board of Directors at South Pole: “It has been wonderful to bring South Pole, EESL and SWAG together to develop energy concepts of the future, and I am so pleased to see South Pole and EESL take on such a leadership role in driving the renewable energy transformation across South and Southeast Asia."

 

Going forward, SWAG will implement a number of pilot projects with its partners to test the use and acceptance of shared batteries as a service model, and integrate its operation with the digital data reporting and management systems that are required to originate and monetize carbon credits via the SHIFT Platform.