IT Engineer and VTU Student’s Renewable Energy Proposal Selected for World Bank Youth Summit
- Eshwar Agarwal and Krishti Arora joined hands to come up with ‘Anant Ujwal’ project that has been selected for World Bank Youth Summit.
- The project will be enable consumers to produce their own energy through solar panels and sell to other consumers.
Mr. Eshwar Agarwal, an IT analyst has plans to revolutionise the power sector with his innovate idea. He is an IT engineer (Information Technology) who graduated from Delhi Technological University. Currently, he is working at Bain Capability Centre. His strong determination to revolutionise power sector enabled him to team up with Krishti Arora, a final year engineering student at Vellore Institute of Technology. Both of them have come up with a project, ‘Anant Ujwal’, which has been selected for World Bank Youth Summit. The project will be presented at the summit that is scheduled to take place in December 2017 in Washington DC.
Mr. Eshwar and Krishti met at Tsinghua University, located in China. They were in China to study Chinese industries. As a part of the project, they did a detailed study on the blockchain use cases for China.
Also Read: - IIEST Develops India's First Smart Grid Project to Generate Power from Renewable Energy
After coming back to India, Eshwar Agarwal felt that the blockchain uses could also benefit India. He then applied for a competition that is being organised by World Bank Group. The competition invited proposals and ideas of cutting edge technologies for the benefit of society.
It was then that Eshwar Agarwal came up with the idea of decentralised energy systems in New Delhi. With an objective to roll out of the idea, Eshwar contacted Krishti Arora and sought his assistance. While working on the project, both the teammates have studied and understood more about technology. Later, they met smart grid experts, policy experts, stakeholders and the target consumers. Finally, the proposal was submitted to the organisers of World Bank Youth Summit in mid-October.
Also Read: - IIT Madras and Verizon Data Bring Solar Technology to Rural Telangana
About Anant Ujwal: -
Both Eshwar Agarwal and Krishti Arora have come up with a new system that will transform the consumers into prosumers by producing their own energy using localised solar panels. Through this system, the consumers need not self-consume the entire energy produced by them or sell it at a government decided rate back to the grid. The producers will also be able to sell the energy to the commercial entities or neighbours at rates decided by them. This is how the energy that is produced using the solar panels can be sold to other peers through a smart grid and blockchain technology will be incorporated to conduct transactions between the two parties.