Punjab Renewable Energy Systems
Founded Year
2011Stage
Series B - II | AliveTotal Raised
$7.66MLast Raised
$2.66M | 3 yrs agoAbout Punjab Renewable Energy Systems
Punjab Renewable Energy Systems (PRES) provides fuel aggregation and supply focused on agriculture residue. It provides an organized supply chain by aggregating, processing and distributing biomass.
Punjab Renewable Energy Systems Headquarter Location
Office No. J-105 Sakal Bhavan Rd
Maharashtra, 400 614,
India
+91 22 2757 0498
Research containing Punjab Renewable Energy Systems
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CB Insights Intelligence Analysts have mentioned Punjab Renewable Energy Systems in 1 CB Insights research brief, most recently on Apr 11, 2022.
Expert Collections containing Punjab Renewable Energy Systems
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Punjab Renewable Energy Systems is included in 2 Expert Collections, including Renewable Energy.
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Oil & Gas Tech
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Latest Punjab Renewable Energy Systems News
Mar 16, 2022
1 min read . Updated: 16 Mar 2022, 01:09 PM IST Livemint JSW Cement will use agri-waste as fuel to help reduce its business dependency on coal and cut its carbon emissions. This fuel model will also improve ambient local air quality while helping farmers generate additional income Listen to this article NEW DELHI: JSW Cement, part of the $13 billion JSW group, has signed a Memorandum of Understanding (MOU) with Punjab Renewable Energy Systems Pvt. Ltd to use agricultural waste as biomass energy for its manufacturing operations. Punjab Renewable Energy Systems is India’s largest biomass aggregation and densification company. According to the pact, Punjab Renewable Energy Systems will build a sustainable supply chain of agricultural waste to be utilised as biomass energy for clinker and grinding process at JSW Cement's manufacturing units. JSW Cement, as a member of Global Cement and Concrete Association, has committed to ‘Climate Ambition 2050’ to deliver carbon neutral concrete by 2050. The company also plans to halve its carbon emissions by almost by FY26. The use of biomass as fuel is an important part of this decarbonisation plan. JSW Cement will use agri-waste as fuel to help reduce its business dependency on coal and cut its carbon emissions. This fuel model will also improve ambient local air quality while helping farmers generate additional income. According to Parth Jindal, managing director, JSW Cement, “…Our collaboration with Punjab Renewable Energy Systems will help us further strengthen our alternative fuel strategy with the introduction of Biomass fuel in our operations. This will not only help us reduce our carbon emissions but enable us to help Indian farmers reap economic benefits from the agricultural waste while improving the ambient air quality."
Punjab Renewable Energy Systems Web Traffic
Punjab Renewable Energy Systems Rank
When was Punjab Renewable Energy Systems founded?
Punjab Renewable Energy Systems was founded in 2011.
Where is Punjab Renewable Energy Systems's headquarters?
Punjab Renewable Energy Systems's headquarters is located at Office No. J-105, Maharashtra.
What is Punjab Renewable Energy Systems's latest funding round?
Punjab Renewable Energy Systems's latest funding round is Series B - II.
How much did Punjab Renewable Energy Systems raise?
Punjab Renewable Energy Systems raised a total of $7.66M.
Who are the investors of Punjab Renewable Energy Systems?
Investors of Punjab Renewable Energy Systems include Shell Ventures, Neev Fund and responsAbility Investments.
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