In Short : The International Finance Corporation (IFC), in collaboration with the Indian Institute of Technology (IIT) Jammu and Tabreed, has introduced innovative sustainable cooling labs. This initiative likely aims to advance research and development in sustainable cooling technologies, contributing to more energy-efficient and environmentally friendly solutions.
In Detail : Eco-friendly cooling promotes innovation, environmental protection, and social and economic development.
The Indian Institute of Technology Jammu (IIT Jammu), the International Finance Corporation (IFC), and Tabreed India has launched an innovation lab and business incubator to develop eco-friendly cooling systems.
This project follows COP28 on IIT Jammu grounds. IFC’s TechEmerge Sustainable Cooling Innovation programme is supported by UK Aid and Tabreed India. The lab will combine IFC’s global reach and Tabreed’s years of experience in implementing AI/IoT, nanotechnology, and green energy cooling solutions in transportation, data centres and hotels.
Tabreed Asia’s Managing Director, Sudheer Perla, complimented the partnership’s ability to address India’s growing demand for green cooling. He highlighted that this alliance needed to demonstrate that new technologies and economic models, both local and international, can be applied.
Assistant Professor at IIT Jammu, Dr Satya Sekhar Bhogilla, stressed that this project supports India’s Cooling Action Plan, which seeks long-term cooling and social and environmental advantages. The Cooling Innovation Lab will test new heat transfer fluids and control algorithms. Advanced cooling using renewable energy and water savings will be the lab’s focus. This lab helps fill market gaps. By testing and reviewing solutions in IIT Jammu’s controlled environment, the goal is to make them market-ready, economical, and beneficial.
IFC’s TechEmerge initiative has conducted over 60 global sustainable cooling tests. These cooling pilots give emerging market enterprises new ideas. The innovators are engaged in contract negotiations with companies worth $2 million after successfully raising a substantial amount of capital. This illustrates that the programme uses sustainable cooling options where needed.
