The company is working to build a product that will help cut down the energy usage at an affordable price
Consumer durables firm Godrej Appliances is working on a new technology to reduce energy consumption by 80 percent in air conditioners (ACs). As a part of a competition conducted by a global coalition of the Ministry of Science and Technology and Rocky Mountain Institute, the company is working on a prototype that will help slash energy usage by one-fifth in room ACs.
Kamal Nandi, Business Head and Executive Vice President, Godrej Appliances said that this is part of the company's initiative to look at green technology for products.
"The demand for room ACs in India is expected to touch 1 billion units by 2050 compared to 6.5 million units right now. On the other hand, ACs account for 10 percent of the global energy consumption and hence it essential that we take steps to reduce this," he added.
The company is among eight other finalists who are working on this technology. It is the only Indian company to be shortlisted.
A prototype will be submitted by April 2020. There will be six-month testing of the product. After October 2020, the final product will be put on trial.
Burzin Wadia, Executive Vice President and Head-Engineering and Technology, Godrej Appliances said the product that is being developed will use a combination of high-efficiency vapour compression system, advanced evaporative cooling along with solar energy.
He said the idea is to make the product affordable as well. The challenge for the companies is to create a product where the price will be capped at 1.5X of the current rates.
The emission report by UNEP said that that global greenhouse emission for the year 2018 stood at 55.3 giga tonnes of carbon dioxide-equivalent emission.
And if the emissions continue at this rate, the average temperature in India will shoot up from about 24°C to about 28°C by 2100, as said in a research by the Climate Impact Lab. This further stresses the urgency for an improved cooling efficiency technology for all, without warming the planet.
Globally, experts have said that the growing use of air-conditioners is amplifying the ‘urban heat island’ effect, in turn making cities warmer.It is also known that air conditioners are power guzzlers and an increase in demand for ACs, in turn, put an upward pressure on the energy generation, leading to higher emissions. About 50 percent of the energy generated is being used for AC consumption.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.