PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607349

Primary Business Area

Other

Disclosure Date

Apr 11, 2024

Country

India

Region

South Asia

IFC Approval Date

Oct 24, 2022

Status

Active

Estimated Total Budget

$1,880,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 15, 2024

Project Estimated Start Date

Oct 7, 2022

Project Estimated End Date

Sep 30, 2024

Client Legal Name

Tabreed India Private Limited ,CET ENVIRO PRIVATE LIMITED ,Indian Institute of Technology Jammu ,ENDO ENTERPRISES UK LTD ,Ecomax Solutions Private Limited ,IOTOMATION ECOTECH PRIVATE LIMITED

Project Description

The TechEmerge Sustainable Cooling Initiative (TE-SCI) will support field testing and validation of technologies and business models (i.e., solutions from Grantees) with established corporates (i.e., Adopters), in cooling-intensive sectors such as built environments and data centers, industrial processes, and temperature-controlled logistics. In addition to deploying the TechEmerge process of assessing client needs, calling for technologies, curating, matching, piloting and scaling, this project will also entail market mapping and knowledge-sharing activities that help accelerate the identification of demand centers and relevant cooling technologies to decidedly shift away from unsustainable BAU scenarios. This Project will be undertaken with an anchor Adopter, Tabreed India Private Limited (“Tabreed”), who are the world’s largest listed district cooling utility, and provider over 1.3 million TR to clients spread across multiple geographies. In collaboration with Tabreed, IFC will provide catalytic grant funding to accelerate the testing and validation of a suite of sustainable cooling solutions across use cases and industries, with potential for Tabreed and other Adopters to create new CaaS business models in India and beyond.

Development Results

E&S Risks / Impacts and Mitigation