India's energy demand is expected to double by 2030. In the face of its present energy constraints, the country needs to use its energy as efficiently as possible. Energy efficiency is a key component of Shakti's strategy to help India transition to a clean energy pathway without compromising its growth objectives. Shakti works in sectors with the maximum potential for energy efficiency and carbon abatement. These efforts are in sync with the country's National Mission on Enhanced Energy Efficiency (NMEEE), which seeks to establish policies and regulations to strengthen energy efficiency for industries, buildings and appliances.
Shakti works in three subsectors that fall under this mission:
The appliances market is at a bullish high in India. A large population with increasing disposable income, easy finance options and changing lifestyles, is proving to be a keen buyer. The appliances category is also rapidly increasing due to the addition of new appliances.
The Industry sector accounts for 40% of the country's total energy consumption. Introducing energy efficient processes and other energy saving measures can bring about considerable savings for the country.
India is growing and so are its buildings. More buildings mean more energy consumption.
Energy efficient buildings could result in huge savings. Shakti is working to help the Bureau of Energy Efficiency make the Energy Conservation Building Code mandatory in India.