Tata Power Trading and partners offer smart energy efficiency solutions
Power company Tata Power Trading Company Limited (TPTCL) and 75F Smart Innovations India have signed an agreement to jointly promote building automation and energy-efficiency solutions in the commercial building space.
With this collaboration, TPTCL and 75F shall jointly offer solutions in the space of HVAC (Heating, Ventilation, and Air Conditioning) optimisation and smart building automation powered by IoT, cloud and AI/ML tech.
The solutions aim to help commercial buildings with centrally air-conditioned spaces save on HVAC energy consumption, which typically constitutes 50% or more of total building energy consumption, along with intelligent automation, analytics and actionable insights on facility and portfolio data.
Deepinder Singh, founder and CEO, 75F Inc. US, on the collaboration: “We seek to solve the growing challenges of energy wastage and the need for automation across the world. Toward this end, we’re delighted to associate with a globally renowned company like Tata Power Trading, on a joint mission to deliver on a triple bottom line: making people more productive, companies more profitable and the planet more sustainable.”
Mr Sanjay Banga, president T&D, Tata Power, added, “Collaborating with 75F unfolds avenues for TPTCL for greater adoption and propagation of energy efficiency initiatives. Implementation of smart technology will enable a smooth transition to sustainable alternatives for commercial building segment.”
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TPTCL cites how, due to increased economic activity, power consumption in commercial establishments has increased exponentially.
The use of energy conservation solutions can significantly help reduce costs and result in energy savings for businesses/building owners.
The move is aligned with the country’s Energy Conservation Act, which mandates commercial buildings to follow the energy efficiency code. The Bureau of Energy Efficiency (BEE) had in 2017 launched the Energy Conservation Buildings Code (ECBC) for commercial buildings.
Mr. Gaurav Burman, APAC President, 75F Smart Innovations India Pvt Ltd., pointed out, “Across 1.8 billion sq. mts of commercial real estate in India, there is an estimated energy savings potential of 7 billion KWh, without replacing any equipment at all…”
The partnership will cover industry verticals like IT/ITeS, BFSI (Banking, Financial Services and Insurance) hospitality, healthcare, education, government and retail.
