Innovari signed an MoU with Reliance Energy (Distribution arm of Reliance Infrastructure Ltd) during President Obama's visit to India to expand Automated Demand Side Management (ADSM).
Angarai Sethuraman, Group President Corporate Affairs, Reliance Group.; R. R. Mehta, CEO, Reliance Energy; and Chris Hickman, Innovari CEO, signed the MoU.
In 2014, RInfra partnered with Innovari to implement a pilot project in Mumbai to validate the customer and grid benefits of the ADSM. The pilot concluded successfully, proving the ability to auto-manage demand without affecting the customer's environment and also providing savings. The participants of pilot program are Raghuleela Mall, ITC, Blue Dart, and Marriott.
On the occasion of MoU signing, USTDA Director Leocadia I. Zak complimented both Reliance Energy and Innovari for implementing the pilot in record time.
ADSM helps the utilities to improve the system utilization by reducing its peak demand and it allows the customers to curb their power consumption during peak hours, thereby leading to reduction in their monthly electricity bills and restricting carbon emission going in the air, thus reducing carbon footprints.
"We are pleased to continue our efforts with Innovari in order to better serve our customers in Mumbai," said R. R. Mehta, Reliance Energy CEO. He further added, "With Innovari's platform, we are able work directly with our commercial and industrial customers to become partners in creating a truly optimized power grid while realizing significant savings and improved electrical performance."
Reliance Energy would approach MERC for furthering ADSM program. It will be extended to other high-end consumers in a phased manner after MERC approval.