The 5th Innovation Challenge on Innovative Low Carbon Technologies has been announced by the United Nations Industrial Development Organization (UNIDO) Regional Office. Based in New Delhi, the UNIDO and Bureau of Energy Efficiency (BEE), together are implementing this challenge that is conducted by the Facility for Low Carbon Technology Deployment (FLCTD).
Applications are invited until 31st May 2022; for innovative solutions on electrochemical batteries, supercapacitors, hybrid energy storage systems including super/ultra-capacitor & electrochemical battery systems and critical components for electrical energy storage systems including power conversion system.
India Energy Storage Alliance (IESA) along with Customized Energy Solutions(CES) are supporting the project management unit. Providing financial assistance of up to US$50,000 to the winner, this project validates the innovation and performance in actual field conditions. Note that the support is not for innovations that are at the ideation-stage, proof-of-concept or at lab-scale.
“UNIDO’s Innovation Challenge provides unique opportunity and risk-capital of up to INR 3.5 million to validate the efficacy and performance of innovative technologies for scale-up and commercialization. FLCTD is helping industrial and commercial sector players to choose proven innovative low carbon technologies for decarbonization,” says Sandeep Tandon, National Programme Manager, Facility for Low Carbon Technology Deployment (FLCTD).
Debi Prasad Dash, Executive Director, India Energy Storage Alliance (IESA) adds,“India’s energy storage sector is seeing many positive developments like the PLI and battery swapping announcement, and the energy storage policy is also expected from the Ministry of Power. With the national labs and research institutes, we expect new innovations to come in India similar to other emerging countries.”
Post application screening, pitching to an expert panel, in-person visits, and technical and financial due-diligence are areas that will be looked into during selection.
