Global energy technology company Innowatts has announced that it plans to extend its global footprint in smart grid business by expanding its operations to India.In a press statement, Innowatts said it is set to establish an energy innovation centre in India to improve the country’s demand response.
The centre will develop advanced solutions based on local area weather, individual usage and demographic profiles to provide utilities with more accurate load forecasting for better management of their capacity utilization.
The centre will assist utilities’ identify customers for time of use pricing, gain ROI via customized communications and alerts and development of complete customer profiles. This helps utilities create customized products and resolution strategies.
Siddhartha Sachdeva, Innowatts Founder said the development will leverage predictive data science to address major issues facing the industry in India and spur additional growth for the communities.
Sachdeva added: “We are very excited to bring our technology into a new market.”
Demand response in India
The launch of the centre comes at a time when Indian utilities are rallying towards implementing various measures to improve their demand response.
Last month, the Bangalore Electricity Supply Company (Bescom) opened a Technology Innovation Centre (TIC) in Bengaluru, in a bid to improve customer services.
According to a local publication, the TIC will generate input from consumers and is one of the utility’s measures to increase efficiency.
The establishment of the centre will also allow implementation of energy wastage reduction solutions and improve Bescom’s revenue collection.
Commenting on the development, a senior Bescom official said previously, on average, Bescom received around 25 - 30 suggestions every month but none would be accounted for.
However,the establishment of the centre will allow all suggestions to be recorded and the best would be rewarded, reported Deccan Herald.
In December, 2015, India's New Delhi Municipal Council also announced plans to implement a smart city project including refurbishing the city’s power and water infrastructure.
The council said it plans to spend Rs1,800 crore (US$1.8 billion) on the project, which it plans to secure through Prime Minister Narendra Modi’s Smart City Mission project, according to local newspaper DNA.
Under the project, the council said it will set up solar panels on top of buildings in and around its service areas to curb power cuts resulting from insufficient generation.