Ontario Ministry of Energy and Tech Mahindra invest in innovative Smart Grid solution
Ontario, Canada – May 19, 2015 – Tech Mahindra Ltd. a specialist in digital transformation, consulting and business re-engineering today announced that it will build an Intelligent Electric Vehicle Charging System (IEVCS) designed to help build Ontario’s clean energy future.
The project, sponsored by the Ministry of Energy and funded in part through the Ontario Smart Grid Fund initiative, will analyze the effects of electric vehicle charging on transformers by creating a real time transformer monitoring and analytics solution. The key benefit of the solution is the real time monitoring of the transformers and the ability to automatically manage the charging between vehicles to ensure the transformers do not overload as a result of EV charging.
This innovation will use cutting edge techniques in data sciences and embedded systems for the smart grid industry. The highly customizable and scalable platform is set to help utilities reduce their total operating cost.
During the two-year project, Tech Mahindra, along with its partners, will develop and design a reliable distribution system for electric vehicles. This system will manage the load profiles of participant EV’s by queuing their charging to prevent transformer overloading, while keeping participants’ information private.
Tech Mahindra's IEVCS project comes at a time when the company is actively promoting new ideas and technologies. In February 2015, Tech Mahindra announced plans to invest $150 million over the next three to four years to create innovative solutions and develop next-generation technologies.
Commenting on the launch, Sirisha Voruganti, Global Head of Innovation, Tech Mahindra said, We are excited to have the Ministry of Energy sponsor our project through the Ontario Smart Grid Fund initiative and believe that over the next two years, our technologies will have done its part to build a smarter grid in Ontario through our IEVCS infrastructure. Innovation is integral to Tech Mahindra’s growth strategy and we are happy to launch this project in Ontario as part of this journey.
Ontario is committed to supporting leading-edge smart grid projects in the province that create jobs and secure Ontario’s position as a North American leader in emerging energy technologies. We are confident this project will not only enhance Ontario’s smart grid, but also enable Tech Mahindra to take an Ontario-based solution global. said Bob Chiarelli, Ontario Minister of Energy.
Tech Mahindra has been at the forefront in using innovative technologies while working with customers across the electric and gas utilities and suppliers space. We have strong capabilities in the field of advisory consulting, product engineering, designing, evaluating and delivering multiple technologies within the Smart Grid. The Smart Grid Customer Demonstration Centre incorporates advanced metering infrastructure, demand response, renewable energy integration, micro grid and Electric Vehicle (EV) charging stations.
About Tech Mahindra
Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions. We are a USD 3.5 billion company with 98,000+ professionals across 51 countries. We provide services to 674 global customers including Fortune 500 companies. Our innovative platforms and reusable assets connect across a number of technologies to deliver tangible business value to all our stakeholders. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2014 List.
We are part of the USD 16.5 billion Mahindra Group that employs more than 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership.
Connect with us on www.techmahindra.com
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Certain statements in this release concerning the future prospects of Tech Mahindra Limited (the Company or TechM) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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