EKI Energy Services launches first-of-its-kind climate venture

EKI Energy Services Limited has joined hands with First Source Energy India Private Limited and its promoter and promoter group, to establish a first-of-its kind joint venture (JV) that will play a pivotal role in India’s climate change industry as the country’s first ever climate EdTech as well as climate finance marketplace.

The JV will be named ClimaCool Projects & EduTech Limited and it will facilitate mobilisation of funds to drive investments for strategic climate interventions like community based projects, sustainability and renewable energy projects amongst others across the globe. The JV will drive focused educational initiatives and offer specialised courses across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, environmental, social and governmence (ESG), net-zero amongst others. The entity will develop projects that will enable rural homes with easy access to basic home needs like cooking solutions, drinking water and lighting solutions that are climate friendly technological advancements. These projects will also strengthen the backward integration of carbon credit supply chain with high quality credits with its green house gasas mitigation capabilities. The venture will organise EdTech events, workshops and webinars in close consultation with industry leaders and experts to drive focused educational initiatives for professional training and capacity building. The JV will provide a platform to aggregate climate dedicated funds from the global market for investments across energy efficient projects.

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