IBM, Bureau Of Energy Efficiency To Create India's First Smart Grid

IBM has announced a collaboration with The Bureau of Energy Efficiency (BEE) in India to create the country’s first smart grid project. Together they will create a cost benefit analysis for smart grid activities as part of the National Mission for Enhanced Energy Efficiency (NMEEE).

A BEE project, NMEEE is one of eight national missions that promote innovative policy and regulatory regimes, financing mechanisms, and business models that help sustain the market for energy efficiency.

Through this project, IBM plans to apply its deep services expertise to help determine smart grid readiness in India. The company will lay out a strategic assessment framework with an Indian perspective that looks at the adoption of new smart grid technologies, and identifies alignments in policy and regulatory frameworks to make each solution possible. It will help BEE determine global smart grid potential and also create toolkits for regulators and utilities for assessing benefits of smart grid investment decisions.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

“With the growth of the economy and the enhanced demand for energy, efficient use of energy resources and their conservation takes centre stage—this is vital in restricting wasteful consumption while sustaining development,” said Kapil Mohan, IAS, Deputy Director General of the Bureau of Energy Efficiency, “Saving energy is a national cause and we need to work in unison to make India an energy efficient economy and society so that not only do we remain competitive within our own market but also internationally.”

As a part of this collaboration, IBM will generate the smart grid business case and tools that will help calculate the return on investment for all smart grid projects being rolled out country-wide and also within the ISGAN (International Smart Grid Action Network), of which BEE is a member.

The ISGAN network facilitates cooperation in smart grid policy and standardises, regulates and finances technology research development and demonstration, workforce skills and knowledge development, including consumer participation at all levels. ISGAN participants include Australia, Belgium, Canada, China, European Commission, France, India, Italy, Japan, Republic of Korea, Mexico, Sweden, Norway, the United Kingdom, and the United States.

“There is a huge demand for power grids that are energy efficient, intelligent and secure. Through this collaboration with BEE, our aim is to help overcome inefficiencies in the existing grid and move toward more sustainable energy networks,” said Avinash V Joshi, Director, Communications Sector, IBM India/South Asia. “The anticipated growth of the Indian power sector is substantial and this project will advance smart grid adoption across the country.”