Powering Energy Efficiency in Emerging Market Hospitals
India is the world’s third-largest consumer of primary energy. While traditional energy-efficiency solutions are out of the price range of many potential commercial customers, the New Delhi-based start-up Smart Joules is mainstreaming affordable energy-efficiency-as-a-service for Indian hospitals and commercial buildings.
Smart Joules works with top-20 Indian hospital chains including Fortis, Apollo, and CARE. It retrofits hospital buildings with modern energy-efficiency equipment and sensors; and maximizes energy savings by leveraging Internet of Things (IoT) technology and proprietary machine-learning algorithms.
ADB Ventures invested in Smart Joules in February 2021, aiming to create a category-leader in energy-efficiency-as-a-service in emerging Asia. Smart Joules will use the invested funds to build up its energy management team and work with more hospitals, commercial buildings, and industries with high air conditioning loads such as pharmaceuticals and data centres.
Smart Joules’ aim is to transform building energy efficiency in emerging Asia by avoiding 29 million tonnes of CO2 by 2025