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Turn those lights off

There’s a growing opportunity in managing energy efficiently

Jitender Gupta/Outlook

Energy is always big business. But did you know there’s also money to be made in getting companies to use less of it? With energy costs staying north, companies are looking for ways to use their resources more efficiently — energy accounts for a fifth of total costs, so any saving shows up on the bottomline. And companies such as Honeywell, Siemens and Schneider Electric are helping organisations do just that. Industry sources estimate that the energy efficiency market in India could be worth Rs.25,000 crore a year — and this when it’s still very nascent.