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Sustainable Tech Company Greenko signs MoU with IIT Hyderabad to set up School of Sustainable Science & Technology

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Sustainable Tech Company Greenko signs MoU with IIT Hyderabad to set up School of Sustainable Science & Technology
  • Induct students for MTech and PhD programs from June 2023
  • Accelerate R&D and contextualize education & skills for sustainable development
  • GSSST to evolve as Knowledge & Human Resource powerhouse for driving decarbonization & sustainable development

Greenko, India’s leading energy transition and industrial decarbonization solutions company, and IIT Hyderabad signed an MoU to launch India’s first dedicated school for sustainable science and technology.

The Greenko School of Sustainable Science and Technology (GSSST) aims to plug the rising research, education, and skills gaps caused by the imperatives of sustainable development. The school will be advancing knowledge in these key thrust areas:

  • Climate change mitigation
  • AI and space technology
  • Energy transition and industrial transformation
  • Circular and regenerative economy
  • ZeroC processes, fuels, materials, and products
  • Industrial ecology and net zero clusters

GSSST will open towards the end of this year and, by June 2023, will induct students for MTech and Ph.D. in sustainable science and technology, followed by BTech programs. The experience gained at GSSST will be replicated at other IITs, engineering colleges, and later at polytechnics and schools.

This joint initiative demonstrates the national educational establishment’s endorsement of Greenko’s pioneering initiative to accelerate R&D and contextualize education and skills for sustainable development. Greenko is working in consultation with the Ministry of Education, AICTE, NCERT, and NCVET to ensure GSSST both conforms to and advances learning in sustainable science and technology.

Congratulating IIT Hyderabad on the occasion, Shri Dharmendra Pradhan, Hon’ble Union Minister of Education, Skill Development and Entrepreneurship, said, India cannot just be a consuming nation. We must innovate and establish our own models for achieving self-sufficiency as well as for furthering global welfare. In the 21st century, technology is available to ease our job, and NEP 2020 has given us the liberty to take advantage of local language with available technology.”

The Minister added:India is going to play a leading role in the fourth industrial revolution and IIT Hyderabad will play a major role in building brand India globally and in carving out a better and prosperous future, especially during the AmritKaal. We have to fulfil the Prime Minister’s vision of an Aatmanirbhar Bharat.”

Speaking on the occasion, Mr. Anil Chalamalasetty, Founder, CEO & MD, Greenko Group, said, “The Government of India, under the leadership of Honorable PM Narendra Modi, has positioned India as a leader globally in climate change mitigation and energy transition as set out in the Paris Climate Accords. The commitment to build the technologies and skills in India for our country to attain leadership in sustainability and energy transition led to this opportunity with IITH. I would also like to thank Shri Dharmendra Pradhan, Honorable Minister of Education and Minister of Skill Development and Entrepreneurship, Government of India.”

Mr Chalamalasetty added: “Greenko is honored to partner with IITH, a reputed institute, and focus on reconfiguring existing global energy transition technologies to improve efficiencies, economics, and employment in emerging economies. GSSST aims to be the knowledge and human resource powerhouse for driving decarbonization and sustainable development, and will pursue twinning arrangements with globally reputed research and educational institutes.”

About Greenko Group

Greenko Group is one of the world’s largest energy transition and decarbonization solutions companies. Greenko has an installed renewable energy capacity of ~7.5 GW across wind, solar and hydro capacities and more than ~10 GW of projects under development.

Greenko has invested over US$7.5 billion; with equity of more than US$2.5 billion and has raised global green bonds of over US$5.0 billion over the last 10 years. Today, Greenko produces 18 BUs (1~1.5%) of India’s total energy production.

Greenko is building an intelligent, lowest cost energy cloud storage platform of 50 GWh capacity to be commissioned by 2025 and expanding to 100 GWh by 2027 along with green hydrogen production systems of 10 GW capacity by 2030.

Greenko is majority owned by two of the world’s largest sovereign wealth funds: the Government Investment Corporation (GIC) of Singapore and Abu Dhabi Investment Authority (ADIA) of Abu Dhabi, UAE, along with Orix Corporation, Japan, and the Founders Anil Chalamalasetty & Mahesh Kolli.

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PayerMax makes its Southeast Asia debut at Singapore Fintech Festival 2022

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PayerMax makes its Southeast Asia debut at Singapore Fintech Festival 2022

“Collaboration is key to establish a secure and reliable digital payment ecosystem”

PayerMax, an omni-method global payments solution supporting more than 350 local payment methods across Southeast Asia, South Asia,  MENA and LATAM, made its Asia debut at the Singapore Fintech Festival earlier this month. Sharing the stage with key fintech players like Ant Group, GCash, and Coinbase, PayerMax shared expertise from its strategic playbook on post-covid cross border payments and navigating diverse regulatory landscapes.

Singapore Fintech Festival made its first return as an in-person event since the pandemic, with attendees belonging to key sectors like finance institutions, fintech solutions providers, blockchain, higher education and even policy makers and more. This year, along with SFF’s theme of  ‘Building Resilient Business Models amid Volatility and Change’, PayerMax spoke on the evolving digital habits of consumers spurred by the pandemic and how to be future ready. They highlighted that collaboration is the key to shaping the future of digital payments, especially stressing on the need for public and private sectors to work together in the ecosystem.

At a regional level, the digital payments landscape in Southeast Asia is expected to reach US$1.5 trillion by 2030, underscoring the saliency of cashless, contactless, and cross-border payments. Online businesses have mushroomed across Southeast Asia which has made it imperative for the governments to set up a digital payments infrastructure that ensures a safe, secure and reliable ecosystem for all. Leveraging on its partners across Southeast Asia and around the world, PayerMax intends to drive the industry forward by powering businesses to seize opportunities for growth within as well as beyond borders.

“Today, 6 in 10 Southeast Asians remain underbanked or unbanked. Technology is opening doors to newer solutions to enable financial inclusion and we expect to see the digital transformation of banking only grow with time,” says Rinkesh Sharma, Regional Director for PayerMax. “The on-going payments revolution has given way to growth opportunities for microbusinesses and SMEs. But to establish a secure and reliable digital payment ecosystem, collaboration is key. ”

PayerMax empowers global merchants to achieve borderless growth, by providing a full-stack solution where localized payment methods are accepted at scale, within a highly secure, robust and compliant environment.

About PayerMax

PayerMax is the world’s leading omni-method global payment solution, with over 350+ payment methods over 5 continents focusing on empowering the #borderless growth of the world’s top grossing digital merchants from developed markets.

Established in 2020, PayerMax is the emerging markets’ leading regulated digital payment provider servicing online merchants that have ambition beyond borders. PayerMax is headquartered in Singapore with head offices and presence in Indonesia, Thailand, Philippines, Malaysia, Vietnam, United Arab Emirates, Kingdom of Saudi Arabia, Brazil and China.

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Acquisition

United BioChannels Acquires ORFLO Technologies to Expand Market Share and Enhance Customer Engagement

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United BioChannels Acquires ORFLO Technologies to Expand Market Share and Enhance Customer Engagement

United BioChannels (UBC), a commercial strategy consultancy, announced its acquisition of ORFLO Technologies, LLC, from Gemini Bioproducts. The acquisition represents an opportunity for both ORFLO and UBC to collaboratively increase the commercial presence of ORFLO and build market share using UBC’s Modular Method of developing commercial strategy and tactical execution. ORFLO, a leading manufacturer of cell counting and characterization technologies, will be led by Varshal Davé, UBC’s Managing Partner, who will assume the role of Chief Executive Officer. The acquisition is funded through a collaboration between UBC and BroadOak Capital Partners.

United BioChannels (UBC) Acquires ORFLO Technologies to Expand Market Share and Enhance Customer Engagement

“We are very excited to bring ORFLO Technologies into the United BioChannels family,” said UBC’s President Jeff Whitmore. “ORFLO has historically lacked a strong commercial focus, so our expertise presents an opportunity for a synergistic relationship. We believe that our processes will lead to increased visibility and revenue for ORFLO.”

“We have been tracking the progress of ORFLO Technologies for quite some time,” added Bill Snider, Partner at BroadOak Capital Partners, “and we see some great potential that the UBC team can unlock. ORFLO has a strong market presence and we think UBC’s leadership can only help the company grow.”

Cell and gene therapy, amongst other bioprocessing applications, require robust instrumentation as integral components of their workflow. Cell counters in particular serve critical quality control functions in multiple stages of these complex processes. Ketchum, Idaho, based ORFLO Technologies has excelled in these processes, having been implemented as standard instruments in regulated workflows for many leading bioprocessing companies. With a strong market presence having over 3,000 instruments installed worldwide, ORFLO has an established customer base that the company can build upon under UBC’s leadership.

About United BioChannels

United BioChannels is a global network of life sciences sales and executive professionals in strategic locations and science hubs. We are an experienced team with a diverse background in launching new technologies and with decades of commercial experience. We use a validated approach to get solutions to the right people. Through extensive due diligence to understand our clients’ unique situations, we can pinpoint the correct market segments to maximize success. We test market hypotheses and build messaging and sales tools, creating “win-win” relationships.

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OverIT provides remote assistance powered by Augmented Reality to Naturgy's field technicians

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OverIT provides remote assistance powered by Augmented Reality to Naturgy's field technicians

OverIT, worldwide reference company in the sector of Field Service Management software, has reached an agreement with Naturgy, leading multinational company in the gas and power sectors, through its electrical generation international subsidiary Global Power Generation (GPG) to provide remote assistance to maintenance staff working in the field on wind farms in Chile and gas combined-cycle power plants in Mexico, planning to extend the reach to other countries soon.

By using OverIT’s Next-Gen FSM Platform, GPG is planning to increase workforce’ safety, leveraging hands-free technologies (even in hazardous environments) and receiving real-time support powered by Augmented Reality, boost efficiency, relying on digital work instructions and accessing corporate knowledge base, and reduce travel times and costs dramatically, with the support of remote assistance.

This agreement forms part of Naturgy’s commitment to innovation for turning risks into opportunities and contributing to the creation of a smart company, aiming at maintaining its leadership position in a context characterized by constant transformation. The company has also adopted best practices, new business models, and modern technologies to be more efficient, competitive, and at the forefront of innovation, by placing the client at the center of its attention.

The trust that a worldwide leading company like Naturgy GPG has placed in OverIT represents a strategic partnership, strengthening, even more, our leadership position in the Energy & Utility industries”, said Javier Fraile, Sales Director at OverIT.

Naturgy is a multinational energy group operating in 20 countries with over 16 million customers and an installed capacity of 15.9 GW.

OverIT, backed by Bain Capital and NB Renaissance, is a multinational company with more than 20 years of international and cross-industry experience in Field Service Management software. The company is recognized by premier global advisory and consulting organizations as a leading FSM and AR industries vendor, according to its product offering and deep industry expertise. OverIT has over 300 customers in 30+ countries.

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