Hyderabad: Diversified city-based conglomerate My Home Group on Tuesday announced that it has inked a memorandum of understanding (MoU) with city-based startup PuREnergy to implement innovative solutions in the area of solar power. As per the MoU, the two players will execute joint projects in the areas of smart and innovative solar systems, internet of things (IoT) based energy management, health monitoring/diagnosis of solar plants, skill development and R&D activities.
While My Home Power, which is a My Home Group company, will focus on project management, PuREnergy, a tech startup supported by IIT-Hyderabad Incubation Centre, will focus on design and development.
Commenting on the development, Nishanth Dongari, founder of PuREnergy and assistant professor, department of mechanical and aerospace engineering, IIT Hyderabad, said, “We have taken this initiative to build smarter and greener buildings on a massive scale for a safer and a better future of this country. Our present focus is on residential and commercial projects to complement the Smart City programmes. We have plans to enter into large scale utility projects in upcoming solar parks .”