In the pursuit of sustainable development and heightened energy efficiency, India finds itself at a pivotal crossroads, necessitating a tailor-made solution to grapple with the unique challenges presented by diverse and widely distributed energy efficiency initiatives. EESL, renowned for its pioneering efforts in expanding access to energy-efficient solutions, has assumed a crucial role in meeting these challenges head on. Over the years, EESL has successfully implemented some of the largest energy efficiency projects across India. However, the company is now entering a new phase, marked by the introduction of an innovative one-stop marketplace – a digital platform intricately crafted to offer a comprehensive array of energy-efficient solutions, products, and government schemes. The complexity inherent in energy efficiency projects, involving various stakeholders spanning over different geographies and technical intricacies, demands a standardised and efficient process. The e-marketplace, as envisioned by EESL, will be a first of its kind, fully integrated with information technology, streamlining mega-scale projects for swift approval and digitalised project deliveries. To expedite and accelerate the adoption of innovation in energy efficiency products and services, EESL is looking to bring an easy access to financing for MSME and start-up sector which would be looking to adopt energy-efficient technology from the platform. It would also give industry access to empanel and place their products and services for wider outreach on the e-marketplace. By standardising agreements for both products and services, EESL will create a transparent and consistent framework. This will not only facilitate smoother transactions but also foster trust among industry players, businesses and consumers, thereby catalysing the growth of the energy efficiency market. The marketplace will incorporate an automated process through SAP, ensuring seamless integration of vendor payments, finance and the entire product or service delivery supply chain. This digital transformation is poised to simplify acquisition and payment processes for businesses and individuals alike. The digital integration of the e-marketplace takes efficiency a step further by expediting project approvals and deliveries. Leveraging information technology, the platform accelerates appraisal processes, including entity evaluations based on goods and services tax performance, application programming interface-based integration, and self-appraisals. This digitalisation enhances efficiency and supports the scalability of energy efficiency interventions, addressing the challenges posed by the disaggregated nature of such projects. EESL’s pursuit of innovation extends beyond the marketplace, as the organisation actively explores new frontiers such as super-efficient air-conditioning, induction cook-stoves and energy-efficient fans. This underscores EESL’s commitment to staying at the forefront of advancements in energy efficiency and sustainability.
