The Facility for Low Carbon Technology Deployment facilitates the adoption of low-carbon technologies across the Indian industrial sector. The project works to improve the collaboration between government agencies, industry, innovators, the research community, financing institutions, and technology experts in the field of innovative low-carbon technologies, and establishing an innovation ecosystem for such technologies to thrive. Over 2018, 2019, and 2020, the project has identified 41 innovative solutions across the FLCTD technology verticals, and has earmarked grant supports, amounting to INR 12.2 crores committed for technology demonstration.
The main components of this project are:
- Development of an awards’ methodology to identify and select competitive technology innovations for project support: The project has developed a mechanism to identify early-stage innovations that address technology gaps, and have the potential for energy savings and replication. This is being achieved through a series of annual ‘Innovation challenges’ to shortlist promising low carbon technologies in the following thematic areas: industrial IoT; industrial resource efficiency; electrical energy storage, waste heat recovery, space conditioning, and pumps and pumping systems. The project aims to identify 120 innovations for technology validation, and commercialize 40 innovations.
- Technical assistance for Technology Transfer Support Facility: The second component aims to establish a deployment support ecosystem for clean, low carbon and energy-efficient technologies. The project aims to identify five appropriate networks and centres focused at research and deployment of climate mitigation technologies. FLCTD will build capacities through consultations and workshops with international and national experts.
The project provides financial assistance of up to US $50,000 to the winners to validate their innovation and demonstrate its efficacy (performance) in actual field conditions – a necessary step before commercialization.
The project aims to guide the strengthening of the innovation ecosystem, comprising of knowledge-based institutions, government, industry and other stakeholders in the innovation arena.