Breaking News

Innovative Indian Energy Analytics start-up Ecolibrium Energy wins prestigious Ashden Award

London, June 19th, 2017 - Innovative Indian start-up organisation Ecolibrium Energy has been announced as one of the 13 winners of the 2017 Ashden Awards, the world’s leading green energy awards.

Harit Soni, Co-Founder and Director of Ecolibrium Energy at Ashden Award, London
 Harit Soni, Co-Founder and Director of Ecolibrium Energy at Ashden Award, London
Innovative Indian Energy Analytics start-up Ecolibrium Energy wins prestigious Ashden Award

Winner of the International Ashden Award for Powering Business, Ecolibrium Energy – based in Ahmedabad, Gujarat - are working with some of the biggest global brands in India to help manage energy use in business processes and buildings. They use big data and predictive energy analytics to improve efficiency and reduce carbon emissions.

The award ceremony took place on June 15th, in London, at Royal Geographical Society. During the ceremony, Albert Arnold Gore was also present. He was the keynote speaker at the Ashden Award ceremony. He is an American politician and environmentalist who served as the 45th Vice President of the United States from 1993 to 2001 under President Bill Clinton.

According to the Ashden judges: “Ecolibrium’s business intelligence technology demonstrates how the power of big data can make a significant difference when it comes to monitoring and optimising energy use. With Ecolibrium Energy’s technology, which can be applied across many different operations, large businesses – including blue chip clients - can understand, control and massively reduce their energy and maintenance costs.”

In a country where a third of the population can suffer from power cuts lasting several hours, Ecolibrium Energy is addressing the need for demand-side energy management.  Working with the likes of Coca Cola and Tata, the company has come up with a big data energy analytics platform, Smartsense, which is helping more than 750 commercial and industrial consumers and utilities in South Asia to save up to 15% of their energy and maintenance costs.

According to Harit Soni, Co-Founder and Director of Ecolibrium Energy: “We are delighted to be a part of the select group of organisations to receive a prestigious Ashden Award this year. At Ecolibrium Energy, we believe industrial energy efficiency is

going to be the key enabler of sustainable development for combating climate change, and we constantly strive to empower the sector with energy analytics for improvement of efficiency and predictive maintenance. We have been able to create a substantial impact in this sector in India and we hope the association with Ashden will be a step towards replicating this model globally; towards our vision of creating a world where every watt counts.”

The Ashden Awards are given to pioneers in sustainable energy and are a globally recognised measure of excellence. This year’s 13 winning organisations will receive their Award on Thursday 15 June at a prestigious ceremony at the Royal Geographical Society in London. Channel 4 presenter Krishnan Guru-Murthy will host the Awards and former Vice-President of the US Al Gore is the keynote speaker.

International Ashden Award winners receive £20,000 in prize money along with a tailored package of support to help scale up their work globally

About Ecolibrium Energy:

Ecolibrium Energy was incubated in 2010 at CIIE, IIM-Ahmedabad and has been supported by IFC and Infuse Ventures. The company was formed with the purpose of enhancing energy cost, plummeting losses and increasing asset uptime. Within a span of 4 years, the company has a footprint across India and South-East Asia, with more than 450 consumers who have saved 5%-25% of their power intake.

Ecolibrium Energy’s Flagship Energy Analytics Platform – SmartSense enables commercial and industrial users to take crucial operational decisions for optimizing productivity and asset uptime through predictive insights, saving up to 15% of energy and asset maintenance spends. SmartSense hosts various algorithms as needed by an industrial and commercial customer to manage their energy consumption and asset utilization better.