Apollo Hospitals, Smart Joules ignite energy revolution for India’s decarbonization
Apollo Hospitals, an Indian integrated healthcare provider, is collaborating with Smart Joules in a ten-year initiative to cut carbon emissions by an impressive 290,000 tons, thereby supporting India’s decarbonization efforts.
The partnership, which encompasses 18 hospitals nationwide, deploys Smart Joules’ innovative JoulePAYS solution to enhance energy efficiency in cooling, heating, ventilation, and automation across existing buildings and factories.
JoulePAYS, a ‘pay-as-you-save’ solution by Smart Joules, offers substantial energy savings to clients at no upfront investment, with a portion of the savings remitted to Smart Joules. This arrangement allows companies to undertake profitable climate action and eliminates risk in energy efficiency decision-making by assuring a profit.
Since the integration of JoulePAYS into Apollo Hospitals’ facilities four months ago, 235 energy conservation measures have been implemented. These are projected to yield savings of over 235 million kWh and INR 2 billion by 2030, a testament to the system’s efficacy.
Apollo Hospitals and Smart Joules partner to reduce carbon emissions. Photo courtesy of Smart Joules/PRNewswire.
Dr K Hariprasad — Apollo Hospitals President said: “Apollo Hospitals has always been committed to providing world-class healthcare services to our patients, while also being mindful of our environmental impact.
“By adopting Smart Joules’ innovative JoulePAYS solution, we have been able to optimise our cooling, heating, ventilation, and automation systems across our hospitals, significantly saving energy without compromising on any aspect of patient experience.
“This is a win-win situation for us, our patients, and the planet. We hope that our initiative will inspire other healthcare providers to join us in this green revolution.”
India, already a leader in global climate action, committed to achieving net-zero emissions by 2070 at COP26, with a plan to cut projected carbon emissions by a billion tonnes by 2030. As part of its ambitious decarbonization strategy, India aims to establish a non-fossil energy capacity of 500 GW by 2030.
Smart Joules, a social enterprise, is set on making India the most energy-efficient nation by 2030. The enterprise aims to prevent the release of at least 29 million tons of carbon dioxide by 2030 through retrofit solutions for energy-intensive systems without capital expenses.
Using its DeJoule technology platform, Smart Joules uses IoT systems and sensors for real-time monitoring and optimization of facility performance, ensuring substantial energy savings. Furthermore, the company offers ‘as-a-service’ solutions at greenfield sites, where they build, own, operate, and maintain the infrastructure, receiving payments based on demand and usage.
Arjun P. Gupta — Smart Joules CEO said: “By 2030, we aim to help reduce 29 million tons of carbon emissions. Our collaboration with Apollo Hospitals can be traced back to 2018. Their trust in expanding our work across all of the largest hospitals in their portfolio demonstrates our leadership in delivering real energy savings on ground through a mix of technology innovations and simple-to-adopt business models.
“We are looking to offer similar zero-investment, zero-risk and guaranteed savings offerings to other leading Indian businesses who want to cut costs and carbon emissions across their entire portfolio of facilities under a single contract.”