CosmicTaco

Working on a different architecture for electricity transactions, says Nandan Nilekani

CosmicTaco · 2024-09-14T12:34:17.156038+05:30

- Nandan Nilekani, co-founder of Infosys, announced a new architecture for electricity transactions focused on renewable energy sources. - Speaking at a Bengaluru event, Nilekani emphasized a shift from traditional power distribution to a decentralized model involving household batteries and rooftop solar panels. - He envisions homes buying power during the day when it's cheaper and selling it at night when prices are higher. - Nilekani is also supporting the open-source Beckn protocol, which aids in developing decentralized digital networks. - Additionally, he highlighted the potential of AI to address India's linguistic diversity, mentioning the AI startup Sarvam AI's advancements. Source: [Moneycontrol](https://www.moneycontrol.com/technology/working-on-a-different-architecture-for-electricity-transactions-says-nandan-nilekani-article-12821665.html)

Nandan Nilekani, co-founder of Infosys, announced a new architecture for electricity transactions focused on renewable energy sources.
Speaking at a Bengaluru event, Nilekani emphasized a shift from traditional power distribution to a decentralized model involving household batteries and rooftop solar panels.
He envisions homes buying power during the day when it's cheaper and selling it at night when prices are higher.
Nilekani is also supporting the open-source Beckn protocol, which aids in developing decentralized digital networks.
Additionally, he highlighted the potential of AI to address India's linguistic diversity, mentioning the AI startup Sarvam AI's advancements.

Source: Moneycontrol