Energy service companies (ESCOs) have been in existence for a while, but in spite of their offering energy efficiency as a service, somehow this market had not picked pace. One of the reasons could be that most ESCOs were small and medium firms, and many could not sustain reliable services in a nascent market with its own challenges in the context of metrics and contractual obligations.
Could the entry of large, organized players turn the tide for the Energy-as-a-service market in India? We will soon know. as Infosys has come together with British oil and gas major, BP to co-develop and pilot an energy-as-a-service (EaaS) solution to optimise utilisation of power and enable businesses to meet their goals of receding emissions.
The solution will be piloted at Infosys’ Pune campus, which will collect data from multiple energy assets, and use AI to optimise the supply and demand for power, heating, cooling, and EV charging.
Surpassing the pilot stage, Infosys and BP will take the solution to more Infosys campuses across the country and deploy it with a few clients to help them oversee their energy and reduce emissions.
