EKI Energy Services Limited (EKI) has recently secured a Grade 3 rating by the Sustainable Management and Research Institute (SMERA), marking a major achievement in the company's journey towards enhancing energy efficiency solutions in India. The SMERA BEE Grade 3 rating highlights EKI's strong technical capabilities, allowing it to conduct energy audits and implement energy-saving projects on a large scale, further solidifying its position as a leading Energy Service Company (ESCO).

Energy Efficiency Focus: As an ESCO, EKI specializes in identifying energy-saving opportunities through in-depth audits and managing the entire lifecycle of projects aimed at reducing energy consumption. These services include project design, financing, execution, and performance monitoring. The company is known for its impactful projects, including community-based energy efficiency initiatives that directly contribute to lowering carbon emissions and promoting sustainable development.

In India, the Bureau of Energy Efficiency (BEE) is responsible for overseeing the empanelment of ESCOs. To gain certification, companies must undergo a thorough assessment by SEBI-accredited agencies like CRISIL, CARE, SMERA, or ICRA, evaluating factors like technical manpower, financial strength, and market presence. Achieving the SMERA BEE Grade 3 rating reflects EKI's dedication to excellence in these areas.

Significant Growth Potential for ESCOs: India has only tapped into 5% of its estimated INR 150,000 Crore energy efficiency potential, indicating a vast opportunity for ESCOs like EKI to reduce energy consumption and carbon emissions. Through facilitation programs, BEE connects ESCOs with end-users, financial institutions, and technology providers to accelerate the adoption of energy-efficient projects. This collaboration is crucial for advancing the country's energy efficiency goals.

Innovative Projects and Solutions: One of EKI's flagship initiatives is its patented Oorja ICS cook stove, designed to bring energy efficiency to rural communities. The Oorja cook stove is fuel-efficient and reduces harmful emissions by over 80%. It supports diverse fuels such as wood, coal, and biomass pellets, making it highly adaptable to rural needs. By reducing carbon monoxide emissions and improving indoor air quality, the stove also significantly cuts smoke production by 90%. Over a year, it can save up to 1000 kg of firewood, contributing to lower carbon dioxide emissions and improving living conditions in rural India.

EKI's success with projects like the Oorja ICS demonstrates its commitment to delivering innovative solutions that not only meet energy efficiency needs but also positively impact community development. This emphasis on sustainable practices aligns with the growing demand for clean energy solutions and the need for environmentally responsible initiatives.

Enhanced Business Opportunities: The SMERA BEE Grade 3 rating also opens doors to new business opportunities for EKI. The certification allows EKI to participate in government tenders and large-scale private sector projects that demand ESCO certification as a quality assurance measure. This recognition boosts EKI’s credibility and helps the company attract potential investors and partners interested in supporting energy-efficient and sustainable solutions.

Leadership’s Vision: Mr. Manish Dabkara, Chairman and Managing Director of EKI Energy Services Ltd, emphasized the enormous potential of the energy efficiency market in India. He stated, “Only 5% of India’s energy efficiency potential has been tapped so far, indicating significant growth opportunities for ESCOs like EKI to help reduce energy consumption and carbon emissions. We are committed to working closely with various stakeholders to make energy-efficient solutions accessible across the country.”

Similarly, Mr. Ramkrishna Patil, President of Operations at EKI, highlighted the strategic importance of the SMERA rating, noting, “ESCOs play a pivotal role in the energy efficiency sector by financing and implementing energy-saving projects. EKI’s Grade 3 rating strengthens our position as a reliable partner for organizations looking to reduce their energy usage and costs.”

Rigorous Audit Process: To achieve the SMERA BEE Grade 3 rating, EKI underwent a comprehensive audit conducted by SMERA Ratings Private Limited, one of the agencies appointed by the Bureau of Energy Efficiency. The audit assessed EKI’s capabilities, including its technical expertise, financial standing, and track record in delivering high-quality energy efficiency projects. The company’s clean cooking initiative, including the Oorja ICS, was among the key factors that contributed to its successful rating.

Looking Ahead: The SMERA BEE Grade 3 rating reaffirms EKI's commitment to quality and continuous improvement. It positions the company as a key player in the energy efficiency sector, ready to expand its footprint and take on more high-value projects in both the public and private sectors. As EKI continues to focus on reducing energy consumption and lowering carbon emissions, it remains dedicated to contributing to India’s journey towards a more sustainable energy future.

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