We need to build a strong ecosystem for innovation, says Power Minister

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The Union Minister for Power, New and Renewable Energy, Shri Raj Kumar Singh addressing at the 20th Foundation Day Ceremony of Bureau of Energy Efficiency, in New Delhi on March 01, 2022. The Minister of State for Power and Heavy Industries, Shri Krishan Pal and other dignitaries are also seen.

New Delhi: Union Power Minister R K Singh has emphasised the importance of creating a robust ecosystem for innovation. Mr. Singh said in a special address at the National Innovation Conclave on Low Carbon Technologies in Delhi on Tuesday that there is a need to assist people working in this sector and fill gaps in bringing such technologies to market.

The Bureau of Energy Efficiency (BEE) hosted the conclave to commemorate its 20th anniversary. This conclave provided a forum for the presentation of innovations that have the potential to save energy and reduce greenhouse gas emissions when implemented on a large scale in the industrial and commercial sectors.

Speaking on the occasion, Minister of State of Power and Heavy Industries, Krishan Pal Gurjar, said, “It is our responsibility to conserve energy. It is critical for all of us to take steps toward energy conservation and making this country cleaner and greener.”

The Union Minister for Power, New and Renewable Energy, Shri Raj Kumar Singh at the 20th Foundation Day Ceremony of Bureau of Energy Efficiency, The Minister of State for Power and Heavy Industries, Shri Krishan Pal is also seen.

The event featured many low-carbon technology innovations developed and validated with the FLCTD project’s assistance. The exposition organised as part of the event drew more than 35 innovators.

On this occasion, the FLCTD Accelerator compendium was released, and the winners were facilitated. The conclave centered on the challenges of low-carbon innovation, such as the need for funding for commercialization and scale-up. The conclave included sessions on innovative technologies, cleantech investments, and FLCTD’s Accelerator Programme.

The FLCTD Project (Facility for Low Carbon Technology Deployment) was launched in 2016 with the goal of identifying innovative energy efficiency and low carbon technology solutions that address existing technology gaps in the Indian industrial and commercial sectors. The Global Environment Facility (GEF) is funding the FLCTD project, which is being carried out by the United Nations Industrial Development Organization (UNIDO) in collaboration with the Bureau of Energy Efficiency (BEE).

For the “Innovation Challenge,” FLCTD has identified six priority technology verticals. The project hosts an annual innovation challenge in which industry, innovators, and technical institutes are invited to participate in the following areas: waste heat recovery, space conditioning, pumps, pumping systems, and motors, industrial IoT, industrial resource efficiency, and electrical energy storage.

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