Odisha: the leader in green energy
Bhubaneswar aims to be the Green City of India. It was the first choice of the Ministry of Urban Development’s (MoUD) flagship Smart City project. A year later, it featured in the top 20 global cities of the world in the Global Smart City Performance Index 2017, according to a survey by UK-based Juniper Research. Whilst Bhubaneswar is performing well across multiple areas there are also inherent weaknesses in the cities infrastructure, culminating in the city failing to perform in follow-up Smart City assessments and it experiencing negative publicity in handling climate effects in 2018.
There is an inherent need to overhaul their existing energy infrastructure. The government is aware of this and has committed funds to allocate towards private sector organisations with innovative means to increase solar energy in the city and the greater state of Odisha.
PNV Foundation – PNV Foundation is a non-profit organisation with a number of different CSR initiatives and activities that address an array of sustainable development objectives. They have partnered with PEV as our in-country partner to help connect local university students with our projects on the ground, providing assistance with empathising with locals and breaking down the language barrier, while also giving these students the opportunity to develop in both a personal and professional manner.
Companies developing micro-grid networks that build thriving communities by using advanced technology to help grid operators improve the reliability and affordability of providing energy to consumers. Examples of companies doing this on large scale are Statkraft in Europe, combining sources of wind, solar, geothermal and natural gas energy to national grids. Turning to the developing space, there are companies that focus on the long term role of the electricity grid and target high growth developing markets, where a grid (of some form) already exists, but the quality and reliability of energy is poor and profitability is hard to achieve. It is not a solution for a community that currently has no electricity. Enter, PE Ventures.