In a significant move towards enhancing energy efficiency in India's cooling landscape, Tata Power Trading Company Limited (TPTCL), a wholly-owned subsidiary of The Tata Power Company Limited, has entered into a strategic partnership with Keppel, a Singapore-based global asset manager known for its sustainability-driven infrastructure solutions. This collaboration focuses on introducing Cooling-as-a-Service (CaaS) in India, a solution designed to offer long-term energy-efficient cooling to commercial and industrial sectors without the need for heavy upfront investment in infrastructure.

CaaS is a groundbreaking model that allows businesses and building owners to subscribe to efficient cooling services, reaping significant energy and cost savings without large capital expenditures. This initiative aligns with India’s Cooling Action Plan (ICAP) and Smart Cities Mission, both of which aim to reduce energy consumption and carbon emissions while addressing the country's growing cooling demand.

Under this partnership, Tata Power and Keppel will deploy both District Cooling Systems (DCS) and individual building systems across India’s key urban, commercial, and industrial areas. The collaboration will target airports, IT parks, Special Economic Zones (SEZs), data centres, and other high-demand environments where cooling demand aggregation through DCS can result in a reduction of energy consumption by up to 40% and carbon emissions by up to 50%.

This partnership is especially significant as India is expected to become the world's largest consumer of space cooling by 2050, accounting for 28% of global electricity demand and 45% of peak load, according to the International Energy Agency. In such a scenario, CaaS solutions will be crucial in supporting India’s sustainability goals and reducing its environmental impact.

Tata Power's Role in the Collaboration

Tata Power, one of India’s largest and most established integrated power companies, will leverage its deep understanding of the Indian energy market and its extensive infrastructure network to drive the adoption of CaaS solutions. Known for its wide range of energy solutions, including solar PV, wind energy, e-mobility, energy management services, and carbon offsets, Tata Power’s role in this collaboration is pivotal in ensuring the successful deployment of these cooling systems across India's major urban hubs.

In the words of Mr. Tarun Katiyar, CEO of Tata Power Trading Company Limited, "This collaboration represents a significant milestone in transforming India’s energy landscape, aligning with our commitment to a sustainable and energy-efficient future. By supporting the India Cooling Action Plan and the Smart Cities Mission, we are paving the way for innovative, intelligent Cooling-as-a-Service solutions that will foster energy-efficient ecosystems in urban and energy-intensive hubs."

Keppel's Expertise in Cooling-as-a-Service

Keppel, with its expertise in sustainability solutions, will bring to the table its proven track record in designing and operating CaaS solutions across Asia. As a pioneer in District Cooling Systems (DCS) in Singapore, Keppel currently operates a cooling portfolio of over 260,000 refrigeration tonnes across Asia, serving a diverse range of clients in commercial, retail, residential, and mission-critical sectors like wafer fabrication, biomedical, and data centres.

Mr. Poh Tiong Keng, Executive Director of Emerging Markets, EaaS, Infrastructure at Keppel, expressed optimism about the collaboration, stating, "We are pleased to partner with Tata Power, leveraging their strong local presence, to deliver our innovative and proven Cooling-as-a-Service solutions to the vast Indian market. Given that conventional cooling accounts for up to 50% of a building’s energy consumption, this collaboration will significantly contribute to India’s Net Zero targets and help transform its cooling landscape."

Supporting India’s Cooling Action Plan

India’s Cooling Action Plan (ICAP) sets ambitious targets for reducing the environmental impact of the cooling sector, which is expected to see a massive increase in demand as the country’s urbanization and economic growth continue. Cooling-as-a-Service solutions, such as those provided by Tata Power and Keppel, will be integral to achieving these goals by providing energy-efficient cooling without burdening businesses with upfront infrastructure costs.

The partnership between Tata Power and Keppel comes at a time when India is actively working towards achieving its Net Zero carbon emissions targets by 2070. By enabling energy savings and reducing carbon emissions in high-demand sectors, this collaboration will contribute significantly to India’s sustainability goals.

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This strategic collaboration between Tata Power and Keppel has the potential to transform the way India manages its cooling needs, promoting energy efficiency, reducing carbon emissions, and contributing to the country’s broader climate goals.