Zurich and Delhi,
Panitek Power and TERI have signed a Memorandum of Understanding (MoU) with the intent to deploy globally available disruptive clean technology solutions in India.
Both organizations shall work together to address the challenges of increasing awareness amongst stakeholders and implementing sustainable technologies in the country.
Efforts will be made to establish innovative technologies through lighthouse projects, carry out policy advocacy, and towards dissemination of the research and analysis carried out during evaluation of the technologies with the aim to support localization of those technologies under “Make in India” and “Atmanirbhar Bharat” schemes.
The focus shall be on disruptive technologies in emerging domains like Energy Storage, Green Hydrogen Economy, Smart Cities, Smart Grid, Industrial Efficiency, Integration of Renewable Energy amongst others.
"TERI is delighted to have this opportunity to partner with Panitek Power and would like to use this opportunity to support sustainable energy. We will be happy to work with Panitek in their endeavor to further co-develop products for Indian markets for lighthouse projects and futuristic technologies in areas such as Green H2, energy storage, smart grids, e-mobility, waste heat and energy conversion, etc.," said Dr. Vibha Dhawan, Director General, TERI.
Dr. Pankaj Agarwal, CEO of Panitek Power mentioned, “Panitek is proud to have TERI as a partner. TERI has done commendable work particularly in fostering sustainable solutions and policy advocacy. This fits very well with Panitek’s mission of creating new business models for disruptive and cutting edge cleantech in India which requires the support and guidance for new market and policy developments.”
Panitek Power has already implemented a state-of-the-art smart lighting solution at the TERI Gwal Pahadi Campus in Gurugram, Haryana.
To see a video of the smart lighting project at TERI Gram click here.
Panitek’s decade strong background in sourcing innovative sustainable technologies combined with TERI’s 40 years of proven record of research in energy conservation will help push the much-needed agenda of combating climate change and creating a sustainable future.
To download the full Press Release, click here.