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IFC’S TECHEMERGE and IHCL to pilot cooling innovations in Indian Hotels
New Delhi, January 27, 2022 — Six cutting-edge innovators have been selected to partner with Indian Hotels Company Limited (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 of IHCL’s 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 (ICF), 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.
“Congratulations to Indian Hotels Company Limited (IHCL) and its innovation partners for piloting more affordable and efficient cooling technologies,” said British High Commissioner to India, Alex Ellis. “This is an essential step for reducing emissions and delivering on the Glasgow Climate Pact agreed at COP26.”
“At IHCL, we constantly endeavor 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.
In addition to funding, the TechEmerge Program also provides advisory support throughout field testing to help innovators mitigate financial and operational risks, reduce adoption risks for local firms, and facilitate market-entry and tech transfer. If the pilots are successful, IHCL and innovators may decide to enter commercial partnerships.
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