- Stakeholders of Mission Innovation met in New Delhi for discussion on framing of an effective model of Public Private Partnership for Clean Energy Innovation
- Participants of the meet were policy makers, senior advisers, technical experts, industry representatives and investors.
- Objective of the meet was to boost the level of public-private cooperation & accelerate clean energy innovation.
Stakeholders of Mission Innovation met on 20th of December 2017 in New Delhi to discuss the framing of an effective model for Public Private Partnership in Clean Energy Innovation.
Participants of the meet were policy makers, senior advisers, technical experts, industry representatives and investors. Technical experts at senior official level in the public sector with responsibility for shaping national strategies in clean energy innovation also participated in the meet.
Objectives for the meet were as follows:
- Boost the level of public-private cooperation by identifying common areas for public-private engagement and investment that will significantly accelerate clean energy innovation.
- Improve mutual understanding between public and private partners around MI challenges that can speed commercialization and deliver significant results by 2021.
- Attract and encourage investment in emerging technologies to expand and enhance the innovation pipeline.
- Information exchange and relationship building with prospective businesses and investors.
- Define activities, milestones and expected outputs for MI partnership activities; build a roadmap for public-private cooperation.
In the opening session of the meet Dr Renu Swarup, Senior Advisor DBT expressed the need of investment model in which both Government bodies and industries work together for clean energy innovation. She also invited the participants to identify challenges and opportunities for creating the road map ahead for Mission Innovation India.
MI members aim to encourage increased engagement from the global research community, industry, and investors, while also providing opportunities for new collaborations.
The seven Innovation Challenges are:
- Smart Grids Innovation Challenge – this challenge aims to enable future grids that are powered by affordable, reliable, decentralized renewable electricity systems.
- Off-Grid Access to Electricity Innovation Challenge – this challenge aims to develop systems that enable off-grid households and communities to access affordable and reliable renewable electricity.
- Carbon Capture Innovation Challenge – this challenge aims to enable near-zero CO2 emissions from power plants and carbon intensive industries.
- Sustainable Biofuels Innovation Challenge – this challenge aims to develop ways to produce, at scale, widely affordable, advanced biofuels for transportation and industrial applications.
- Converting Sunlight Innovation Challenge – this challenge aims to discover affordable ways to convert sunlight into storable solar fuels.
- Clean Energy Materials Innovation Challenge – this challenge aims to accelerate the exploration, discovery, and use of new high-performance, low-cost clean energy materials.
- Affordable Heating and Cooling of Buildings Innovation Challenge – this challenge aims to make low-carbon heating and cooling affordable for everyone.
Outcomes of the meet
- Enhanced public private partnership.
- Key gap areas identified.
- Discussion on designing of R&D projects
- Identify potential industry and investors’ need
- Technology development and it’s scaling up activities