Tata Power’s wholly owned subsidiary Tata Power Trading Company and Singapore’s Keppel Ltd. has collaborated to launch ‘Cooling-as-a-Service’ for energy efficient and cost-effective space cooling.
Both the companies said in a joint statement that under this, while Keppel, which specializes in environment-friendly solutions, will provide the equipment, Tata Power Trading Company will look after the work of power management along with providing green energy.
‘Cooling-as-a-Service’ (CaaS) is a business model. Under this, customers can avail cooling services on a paid basis without investing in space cooling equipment and related infrastructure. In this model, the service provider provides and operates the cooling equipment and the customer pays for it based on usage. This makes the cooling system cheaper and less energy consuming.
According to the statement, this collaboration is in line with the Country Cooling Action Plan (ICAP) and Smart Cities Mission. It aims to provide cooling solutions in major urban areas and commercial and industrial areas through large-scale District Cooling Systems (DCS) as well as deployment of cooling equipment in individual buildings.
The collaboration focuses on high-demand environments such as airports, IT parks, special economic zones, data centers and other industrial and commercial assets. The cooling solution at these locations can reduce energy usage by up to 40 percent, which can help reduce carbon emissions by up to 50 percent.
Tarun Katiyar, Chief Executive Officer (CEO), Tata Power Trading Company Limited, said, “By supporting the Cooling Action Plan and Smart Cities Mission, we are paving the way for innovative, efficient ‘Cooling as a Service’ solutions that will benefit urban and Promote energy-efficient environments in energy-intensive centres. With this, we will contribute to India’s ambitious target of doubling the rate of improvement in energy efficiency by 2030.”
