INSPIRE 2018 organized in New Delhi by EESL and World Bank

The second edition of was International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2018) launched in New Delhi. It was jointly organised by Energy Efficiency Services Limited (EESL) and World Bank. The three-day symposium focused on enhancing grid management, e-Mobility, financial instruments and technologies for energy efficiency in India. Moreover awards to four pathbreaking innovations in clean energy and energy efficiency were also given as part of #InnovateToINSPIRE, a first-of-its-kind energy innovation challenge.

Key Facts

#InnovateToINSPIRE challenge was organized by EESL and World resources Institute (WRI) in August- October 2018 in run-up to INSPIRE 2018. The challenge had invited participants to submit sustainable and scalable solutions to seven specific challenges spanning grid management, e-Mobility, energy efficient technologies and financial instruments.
Four winners were selected from 94 entries by eminent jury comprised of Indian and international experts in the field of energy. The winning entries received award of Rs. 5 lakhs, each, along with mentoring and guidance from EESL to help them bring their solutions to market.

Energy Efficiency Services Limited (EESL)

EESL was set up under Union Ministry of Power to facilitate implementation of energy efficiency projects. It is a joint venture of NTPC Limited, Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and POWERGRID. It leads market-related actions of National Mission for Enhanced Energy Efficiency (NMEEE). It also acts as the resource centre for capacity building of State DISCOMs. It is also implementing the world’s largest energy efficiency portfolio in the country.

Month: Current Affairs - November, 2018