IT firm Tech Mahindra, in collaboration with electricity trade platform provider Power Ledger, on Friday announced a series of trials to develop a new mechanism of electricity production through ‘Microgrid-as-a-Service’ (MaaS).
MaaS is an integrated platform incubated by Tech Mahindra to create a new model in the electricity market which will enable building owners, campuses, Smart Cities and other communities to produce and manage their own electricity affordably and even trade in case of excess generation.
“This disruptive technology will provide a model for energy service provision for thousands of communities across India and will also benefit markets like the US, Canada and the UK for modernisation of grid through microgrids,” said Atul Kunwar, President and CTO, Tech Mahindra, in a statement.
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