INSPIRE 2018:
- This is the second edition of INSPIRE and is being organised by Energy Efficiency Services Limited (EESL) and World Bank in collaboration with the Bureau of Energy Efficiency (BEE), The Energy & Resources Institute (TERI), Asian Development Bank (ADB), the United Nations Environment Program (UNEP), and the Administrative Staff College of India (ASCI).
- The three-day is bringing various stakeholders to deliberate on strategies for enhancing grid management, e-Mobility, financial instruments and technologies for energy efficiency in India.
#InnovateToINSPIRE:
- During the event, Union Power Minister also gave away awards to four pathbreaking innovations in clean energy and energy efficiency as part of #InnovateToINSPIRE.
- The #InnovateToINSPIRE challenge, a first-of-its-kind energy innovation challenge, was organized by EESL and World resources Institute (WRI) between 21 August, 2018 and 12 October, 2018 in the run-up to INSPIRE 2018.
- The challenge invited participants to submit solutions to seven specific challenges spanning grid management, e-Mobility, energy efficient technologies and financial instruments.
- The winning entries received an award of Rs. 5 lakhs, each, along with mentoring and guidance from EESL to help them bring their solutions to market.
Energy Efficiency Revolving Fund (EERF):
- An agreement was also signed between EESL and Asian Development Bank (ADB) for a Global Environment Facility (GEF) grant of USD 13 million to establish an Energy Efficiency Revolving Fund (EERF).
- EERF aims to support investments in new, innovative and scalable business models in the Energy Efficiency Market in India.
