NOVEMBER 20238TOP STORIESINFOSYS & EUROPE GMBH SIGN A FIVE-YEAR AGREEMENT IN ELECTRIC MOBILITYIn an effort to improve its direct-to-customer business model in Europe, Infosys, an IT company, has today announced that it has entered into a five-year partnership with clever Europe GmbH, an automotive manufacturer. Infosys and clever Europe GmbH have reached an agreement whereby Infosys will collaborate to offer improved customer experience, personalised data, and engagement for the smart 1, smart 3, and other planned all-electric models.Infosys, "It has signed a five-year collaboration with automotive marquee smart Europe GmbH to refine its Direct-to-Customer (D2C) business model in Europe and provide enhanced customer experience, data-driven personalisation and engagement for the existing model smart 1, the newly announced smart 3, and other upcoming all-electric models from the iconic brand"."Through this strategic collaboration, Infosys will help smart Europe GmbH redefine the online EV buying experience and apply machine learning (ML) models to accurately forecast sales and after-sales demand", said. Infosys will make use of its reliable process, functional and technical knowledge, and design thinking-led consulting approach to help clever Europe GmbH obtain extraordinary value from its investments in software, data, and cloud computing. INDIGRID AWARDED ITS FIRST BATTERY ENERGY STORAGE SYSTEM PROJECTIndia's inaugural infrastructure investment trust (InvIT) in the power sector has been granted a Letter of Award (LOA) by BSES Rajdhani Power Limited (BRPL) for the task of planning, supplying, testing, installing, commissioning, operating, and maintaining a 20 MW/40 MWh battery energy storage system (BESS) in Delhi. This initiative is structured on a build, own, operate, and transfer (BOOT) basis, set to span 12 years, with a focus on competitive bidding based on tariffs (TBCB).For a substantial portion of the total project capital, the Global Energy Alliance for People and Planet (GEAPP) will offer debt financing, accounting for 70 percent. GEAPP is a coalition composed of philanthropic organizations, governments, technology experts, policy makers, and financing entities, all working collectively to advance universal energy access and the transition to cleaner energy sources in pursuit of global climate objectives. Leading participants in the GEAPP include the IKEA Foundation, Rockefeller Foundation, Bezos Earth Fund, among others.The alliance's overarching goals encompass reducing future carbon emissions by 4 gigatons, extending clean energy accessibility to one billion individuals, and facilitating the creation of 150 million new employment opportunities. The principal uses projected for this initiative include energy time-shifting (arbitrage) and ancillary services like frequency support, capacity enhancement, deferral, and ensuring resource adequacy. The project is scheduled for construction over a 12-month period.
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