Six cutting-edge innovators have been selected to partner with IHCL, to pilot new cost-effective, climate-smart cooling technologies, as part of IFC’s TechEmerge program.
The selected innovators are Paharpur Cooling Towers, IOTomation Ecotech, Green Efficient Solutions, Desiccant Rotors International, and Zenatix Solutions from India, and Elgressy Engineering Services from Israel. They will pilot their new space-cooling solutions at seven Taj hotels over the next 12-18 months, supported by a pool of up to $500,000 in total grant funding.
IFC’s TechEmerge Sustainable Cooling Innovation Program, which is funded by the UK Government’s International Climate Finance, matches innovators across the world with leading companies in emerging markets to accelerate the adoption of solutions that make cooling more affordable and energy-efficient, while mitigating greenhouse gas emissions.
“At IHCL, we constantly endeavour to contribute to preserving the environment in a meaningful way. Our partnership with IFC’s TechEmerge program and some of the world’s most exciting cooling innovators is a unique and industry-first collaboration creating sustainable solutions in the hospitality sector,” said Gaurav Pokhariyal, Senior Vice President & Global Head – Human Resources, IHCL.
India is one of the world’s fastest growing cooling markets, but conventional air-conditioning, refrigeration, and other cooling applications are highly expensive, consume large amounts of energy, and produce seven percent of greenhouse gases globally.