Sangareddy: My Home Group of Companies signed a MoU with PuREnergy, a technology start-up evolving from IIT-Hyderabad Incubation Centre on Monday.
PuREnergy has taken a plunge to design smart hybrid solar energy solutions for industrial, commercial and residential purposes. This alliance will execute joint projects in the areas of smart and innovative solar systems, Internet of Things (IoT) based energy management, health monitoring diagnosis of solar plants, skill development and R&D activities.
This would create a significant value addition to the solar industry. They will provide customised hybrid and cost-effective solutions, quicker return on investment (RoI) for end-users, state-of-the-art and durable systems and reduce the land consumption for solar systems. My Home Power will focus on project management while PuREnergy, supported by IIT Hyderabad, will focus on design and development.
Speaking on the occasion, Dr Rameswar Rao Jupally, Chairman of My Home Group, said My Home Power was committed to developing sustainable power generation models. “With this motive, we have partnered with PuREnergy for providing smart and innovative solar systems. I am confident that this project would go a long way in supporting the vision of the Government of India towards the implementation of green energy and sustainable development and to achieve the target set up by Centre by the year 2022,” he said.
Nishanth Dongari, founder of PuREnergy and a faculty at Department of Mechanical & Aerospace Engineering, said they had taken this initiative to build smarter and greener buildings on a massive scale for a safer and a better future for this country. “Our present focus is on residential and commercial projects to complement the Smart City programmes. We have plans to enter into large scale utility projects in the upcoming solar parks across the nation,” he said.
Speaking on the occasion, Roy Chowdhury, CEO of My Home Power, said: “With this collaboration, we want to make a difference in the solar energy sector.”