The Business Bytes
Bhubaneswar, May 17, 2024 (TBB Bureau): In a landmark move towards fostering innovation in renewable energy solutions, Indian Institute of Technology (IIT) Bhubaneswar and Chennai-based NeXHS Renewables Private Limited have solidified their partnership through a Memorandum of Understanding (MoU) signed on Friday. The collaboration aims to drive joint projects, initiatives, and research endeavors with a keen focus on advancing sustainable energy technologies.
Under the aegis of the ‘Fund for Improvement of S&T Infrastructure (FIST)’ Scheme by the Union Ministry of Science and Technology, the School of Infrastructure at IIT Bhubaneswar will establish a specialized Center for Coastal and River Bank Erosion. This center will spearhead research into coastal landforms’ morphological aspects, riverbank stability, and the challenges of scour and deposition related to offshore structures. NeXHS Renewables Private Limited has committed partial funding for procuring essential equipment for this center, as per the terms of the agreement.
The collaboration between IIT Bhubaneswar and NeXHS Renewables Private Limited will involve close collaboration to pinpoint mutual interests, form joint research teams, and facilitate the exchange of knowledge and resources. By synergizing academic expertise with industry insights, the partnership endeavors to expedite the development and deployment of scalable renewable energy solutions, thereby addressing society’s evolving needs while nurturing a sustainable future.
Prof. Shreepad Karmalkar, Director of IIT Bhubaneswar, expressed his excitement about the partnership, stating, “This collaboration represents a significant step towards our efforts to harness the power of renewable energy technologies for a greener and more sustainable future, leveraging our collective expertise and resources to drive impactful research and innovation in this critical domain.”
Prof. Sumanta Haldar, Head of the School of Infrastructure at IIT Bhubaneswar, along with faculty members Dr. Arindam Sarkar, Dr. T. Jothi Saravanan, and others, emphasized the cutting-edge research initiatives already underway at the Center for Coastal and River Bank Erosion.
Sudhansu Bhusan Prusty, MD & CEO of NeXHS Renewables Private Limited, expressed his enthusiasm about the partnership, stating, “We are excited to partner with IIT Bhubaneswar to explore new avenues for collaboration and make significant contributions to the advancement of renewable energy technologies.”
The MoU signing ceremony was attended by key representatives from both IIT Bhubaneswar and NeXHS Renewables Private Limited, alongside dignitaries including Prof. Dinakar Pasla, Dean (SRIC), faculty members, and industry stakeholders.
