Indian Economy News

A leap has been taken by Indian Institute of Technology (IIT) Guwahati startups at renewable energy with floating solar technology

  • IBEF
  • November 24, 2023

A clean technology startup, Quant Solar Technologies Private Limited incubated at the Indian Institute of Technology (IIT) Guwahati, has taken strides in pioneering floating solar technologies in India.

It is the latest innovation in solar installations which are gaining prominence as a third pillar alongside rooftop solar and ground-mounted solar. The technology of Quant’s solar harnesses solar energy by installing solar panels on water bodies such as dams and reservoirs. This addresses environmental concerns by reducing evaporation loss in water bodies by up to 70% along with contribution to national solar goals.

Quant Solar, incubated at the facility of IIT Guwahati- Technology Incubation Centre (IITG-TIC) has rapidly advanced in the clean tech revolution, making significant contributions to the renewable energy landscape.

The company has aligned itself with various global leaders, joining a consortium led by DNV in the Netherlands. With this collaboration, Quant Solar gets a position as a key player in shaping global standards for floating solar plants.

Quant Solar has collaborated with various public sector enterprises, state government bodies, and private companies since its inception. This startup has also delivered India’s first megawatt-scale Floating Solar Plant (FSP) of 2 MW capacity and one of the world’s largest FSPs of 36 MW for the National Thermal Power Corporation (NTPC).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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