Partners aim to offer solutions in the space of HVAC, which makes up over half of the total building energy bill
Tata Power Trading Company Ltd and 75F Smart Innovations India Pvt. Ltd. recently entered into an agreement to promote building automation and energy-efficiency solutions in the commercial building space. The companies will jointly help businesses across industry verticals like IT/ITeS, BFSI hospitality, healthcare, education, government and retail to optimize their energy consumption and usage.
This association aims to offer solutions in the space of HVAC (Heating, Ventilation, and Air Conditioning) optimization and smart building automation powered by advanced tech including IoT, cloud and AI/ML. Generally, HVAC constitutes over half of a building’s total energy consumption.
Mr Sanjay Banga, President (T&D) at Tata Power opined that collaborating with 75F unfolds avenues for TPTCL for greater adoption & propagation of energy efficiency initiatives. “Implementation of smart technology will enable a smooth transition to sustainable alternatives for the commercial building segment,” he added.
Deepinder Singh, Founder and CEO, 75F Inc. U.S.A., said he was looking forward to greater penetration across India with the Tata Power Trading collaboration. “We seek to solve the growing challenges of energy wastage and the need for automation across the world.”
“Across 1.8 billion sq. mts of commercial real estate in India, there is an estimated energy savings potential of 7 billion KWh, without replacing any equipment at all! With climate change staring us in the face, commercial energy costs are among the top 10 highest in the world, the customer need is there, and the technology solution is there & with Tata Power Trading-75F’s innovative go-to-market model, we believe the means are also there, to make a change,” commented Mr Gaurav Burman, APAC President, 75F.
The Bureau of Energy Efficiency (BEE) had in 2017 launched the Energy Conservation Buildings Code (ECBC) for commercial buildings. TPTCL is a Grade-1 ESCO certified by the BEE.
Bengaluru-based 75F is a fast-growing building intelligence solutions provider that leverages IoT and cloud computing to predict and manage various elements in a building. It provides a full-stack, IoT-based Building Management System that includes sensors, zone controllers, master controllers, an integrated Building Intelligence Solution (BIS) and sophisticated portfolio analytics.
Tata Power Trading Co. Ltd is a wholly-owned subsidiary of Tata Power. It was founded in 2003, with the objective to serve as a window to the power market for Tata Power and find new market opportunities.
