New Delhi : An agreement has been signed between Tata Power's subsidiary company Tata Power Trading Company and Singapore's Keppel Limited. These two companies have entered into this deal to provide energy efficiency and low cost space cooling services. This service has been named 'Cooling-as-a-Service'.
Both the companies have said in a joint statement that under this, while Keppel, which specializes in environment-friendly solutions, will provide the equipment, Tata Power Trading Company will look after the work of electricity management along with providing green energy. 'Cooling-as-a-Service' i.e. CaaS is a business model.
Inexpensive and less energy efficient
Under this, customers can avail cooling services on payment basis without investing in space cooling equipment and related basic infrastructure. In this model, the service provider provides and operates the cooling equipment and the customer pays for it based on usage. This makes the cooling system cheaper and less energy consuming.
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In line with Smart City Mission
According to the statement, this collaboration is in line with the country's cooling action plan i.e. ICAP and Smart City Mission. It aims to provide cooling solutions in major urban areas and commercial and industrial sectors through the deployment of large-scale district cooling systems i.e. DCS as well as cooling equipment in individual buildings.
50 percent reduction in carbon emissions
The collaboration focuses on high-demand environments such as airports, IT parks, special economic zones, data centers and other industrial and commercial assets. The cooling solution at these locations can reduce energy usage by up to 40 percent, which can help reduce carbon emissions by up to 50 percent.
Contribute to ambitious goals
Tarun Katiyar, Chief Executive Officer, CEO, Tata Power Trading Company Limited, said, “By supporting the Cooling Action Plan and Smart Cities Mission, we are paving the way for innovative, efficient ‘Cooling as a Service’ solutions that optimize urban and energy efficiency. -Promote energy-efficient environments in intensive centres. “With this, we will contribute to India’s ambitious target of doubling the rate of improvement in energy efficiency by 2030.”
(with agency input)
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