Indian Institute of Technology Madras (IIT Madras) Energy Consortium hosted an ‘Industry Day 2023’ in the campus today (30th June 2023) to chart a path towards decarbonizing Indian Economy. All the seven industry founding members – Shell, Baker Hughes, FLSmidth, Aditya Birla, Cummins, Chevron Tech Ventures and Infosys were in participation.
The Industry Day hosted a Workshop that deliberated on the two key areas of ‘Energy efficiency’ and ‘Carbon Trading.’
The workshop brought together different stakeholders to prepare strategic initiatives and lead towards specific projects around Energy efficiency and Carbon Trading. The workshops will focus on two sectors: the industrial/manufacturing sector and commercial buildings.
The Energy Conservation Act, 2001, was amended in December 2022 by the Indian Parliament.
It set the ball rolling on the development and adoption of various measures that would focus on energy consumption, energy efficiency and carbon trading.
Cummins India, a leading manufacturer of engines and power generation equipment, is a founding member of the Energy Consortium.
Mr. Ajay Patil, CFO-Cummins India, elaborated “At Cummins, we are committed to making people’s lives better by powering a sustainable future. As a privileged partner and founding member of the esteemed IIT Madras Energy Consortium, we are excited to collaborate with industry peers and academia on strategic initiatives focused on decarbonization and sustainability. I am confident that our joint efforts, driven by research and innovation, will enable us to effectively address the challenges presented by Climate Change. Together, we will work toward our goal of powering a cleaner and greener future.”