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CIIE incubatee to help manage power

Power suppliers will tell Gandhinagar residents how to cut down electricity consumption.

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Power suppliers will soon tell residents of Gandhinagar when and how to cut down electricity consumption in their homes, offices and industries. The residents may even get an incentive for the amount of consumption that has been cut down.

Ecolibrium Energy, which is a company incubating in the Centre for Innovation Incubation and Entrepreneurship (CIIE) at the Indian Institute of Management Ahmedabad (IIMA), is gearing up to kick off its pilot project of providing scalable smart grid infrastructure to the electricity utility companies. The pilot project will take off in Gandhinagar in the city area.

Explaining his project plan, MD & CEO of Ecolibrium Energy Chintan Soni said, "Electricity grid system at present is not smart enough as there is no feedback between the end consumer and the suppliers." He said the suppliers do not have the precise estimation of how much energy is to be supplied to an area according to the time of the year or season or day.  "We have indigenously developed a technology to get this feedback between the consumers and the suppliers. It is a low cost technology in terms of operation."

While experts in the country do know of the smart grid, this will be the first such project related to the same to take off in the country.
"The project will provide a win-win deal to all. The power suppliers will be able to better manage their supply and generation of power, consumer can get incentives for optimizing the use of energy and the state will have a clear estimation of the amount of power supply it will be having and would be able to better manage the transaction of the electricity with the neighboring states," Soni said.

He, however, did not reveal the names of the companies with which his company is in talks for the project. Ecolibrium Energy has been recently incubated by CIIE under an endeavor by CIIE and MNRE (Government of India) called Renewable
Energy Search. 
Talking about the issue of power supply management in the country Soni said, “The current electricity grid in the country is a couple of decades old and there has been very little innovation in this space." He said that many countries are taking initiative to make electricity grid smarter.
"A smart grid aims at providing the end consumers participating in grid operations to take smarter decision about their consumption."

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