EKI Energy Services Ltd launches first-of-its-kind climate venture

Leading developer and supplier of carbon credits across the globe - EKI Energy Services Ltd., today announced that it has joined hands with a leading energy and environmental professional firm - First Source Energy India Pvt. Ltd. and its promoter and promoter group, to establish a first-of-its kind joint venture that will play a pivotal role in India's climate change industry as the country's first ever Climate EdTech as well as Climate Finance Marketplace.

The joint venture will be named - ClimaCool Projects & EduTech Ltd. and it will facilitate mobilisation of funds to drive investments for strategic climate interventions like - community based projects, sustainability and renewable energy projects amongst others across the globe.

With a deep focus on developing a strong talent pool for the country's rapidly growing climate change industry, the joint venture will drive focused educational initiatives and offer specialized courses across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero amongst others.

With a deep focus on community development, the entity will develop projects that will enable rural homes with easy access to basic home needs like cooking solutions, drinking water and lighting solutions that are climate friendly technological advancements. These projects will also strengthen the backward integration of carbon credit supply chain with high quality credits with its GHG (Greenhouse Gases) mitigation capabilities.

Mr. Manish Kumar Dabkara, Chairman & MD, EKI Energy Services Ltd. said, "As the world continues to speedily progress towards a carbon neutral future, there is an urgent need to develop skilled talent with specialised expertise on climate change. We want to help bridge this gap while also encouraging more and more people to adopt climate change as a career of choice. In line with this, we are delighted to launch our new venture today that will help us to rope the best from the global academia industry to drive the creation of a strong climate talent pool at global level. The venture will also help us to establish carbon finance marketplace to mobilise funds from global markets for investments in strategic climate mitigation projects across the world."

Mr. Anand Gupta, CMD & CEO, First Source Energy India Pvt. Ltd. said "As the Climate Change Movement is propelling the transition to net zero economy faster than ever, we are very excited to have this joint venture with EKI Energy Services Ltd. and create a marketplace to drive finance and investments in community based projects, sustainability, renewable energy etc. and also to form an EdTech Platform to serve corporates / professionals / students with courses for training and development in the Climate Change Sector".

The venture will organize EdTech events, workshops and webinars in close consultation with industry leaders and experts to drive focused educational initiatives for professional training and capacity building. The joint venture will provide a platform to aggregate climate dedicated funds from the global market for investments across energy efficient projects.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 1711.10 as compared to the previous close of Rs. 1719.25. The total number of shares traded during the day was 14333 in over 1696 trades.

The stock hit an intraday high of Rs. 1761.00 and intraday low of 1702.15. The net turnover during the day was Rs. 24693534.00.

Source : Equity Bulls

Keywords

EKIEnergyServices INE0CPR01018 JointVenture ClimateEdTech ClimateFinance Marketplace