Global interactive energy platform developer, Innovari, plans to help India in a big way to bridge its massive energy deficiency through optimal utilization of the country’s power grid.
In the next 10 years, India plans to spend $21.6 billion on smart grid infrastructure to ensure round-the-clock electricity for its entire population and Innovari will be an active participant in this energy revolution.
Innovari, which has interactive energy platforms, connects utilities, their customers, and their communities to improve the use of energy and make it more efficient.
In working with some of the most progressive utilities in India, Innovari will create a new energy platform that will help enable the power grid to be more flexible and efficient while also allowing it to safely and reliably incorporate distributed and renewable energy resources. A pilot project in this regard has already been undertaken.
Further detailed plans have also been made and during the recent visit of US President Barack Obama to India, a series of Memoranda of Understanding or MOUs were signed between Innovari and India’s leading energy firms.
India realizes how important electricity is to their growing economy and has made tremendous progress with its energy initiatives, said Innovari Chief Executive Officer Chris Hickman.
“We want to be part to India’s efforts to provide reliable, clean, and affordable energy to its population,” Hickman said.
Innovari’s Interactive Energy Platform, or IEP will help improve the reliability and efficiency of India’s power grid while also helping the utilities engage with their commercial and industrial users. This will ensure cheap and efficient supply of electricity to India’s energy-hungry households and industries.
Innovari’s IEP is a state-of-the art unique platform that comprises of a fully automated demand side management and grid monitoring system. It allows the utility to monitor and control operations, communicate with its customers in real-time and control the electrical load to optimize overall grid utilization.
Top officials of the US Department of Commerce and the US Trade and Development Agency, or USTDA were present when Hickman announced Innovari’s continued support for India’s energy program.
“Electricity is the life blood of any economy. The MOUs between Innovari and several of India’s leading energy firms is a concrete example of clean energy cooperation that will advance the [Indian] Prime Minister’s goal of securing electricity for everyone,” said US Assistant Secretary of Commerce Arun Kumar.
Innovari will be working with three power utilities in India to help optimize the utilization of the country’s power grid. Details of the agreements will be announced shortly. Innovari’s efforts to advance Indo-US partnership come at a time when Obama during the visit to India unveiled a number of initiatives to help the country expand research in, and gain access to, clean energy technologies.
With these joint US-India initiatives, India will be able to consolidate its leadership energy sector, Hickman said. Innovari is very fortunate to have the opportunity to work with India’s leading utility firms and officials of USTDA and Commerce, he said. The company is looking forward to the continued growth of strong partnerships between India and the US in the field of energy and commerce, he added.
USTDA has sponsored the pilot project that enabled Innovari to clearly demonstrate the value of its platform in India, said USTDA Director Leocadia I. Zak.
“We are pleased to have had the opportunity to support Innovari’s entrance into this dynamic market, and to see such tremendous progress from one of our industry partners,” Zak said.
