Tata Steel Mining Limited (TSML), subsidiary of Indian steel producer Tata Steel, has signed a memorandum of understanding (MoU) with French clean tech company METRON for the design and implementation of an advanced energy management and optimisation platform for the company's ferroalloys plant in the eastern state of Odisha, a TSML statement said on Wednesday, May 31.
METRON is a leading provider of cloud-based energy management solutions.
The MoU mandates that the software solution developed by METRON will enable Tata Steel Mining to monitor, analyse and optimise energy consumption in real time and reduce the carbon footprint across plant utilities.It will help digitalise energy to decarbonise territories, optimise energy consumption, reduce costs, and improve overall operational efficiency, the company statement said.
The cloud-based energy management and optimisation platform will provide real-time visibility of energy usage across the plant, allowing TSML to identify areas for improvement and make data-driven decisions to optimise energy consumption.
The platform will use advanced analytics and artificial intelligence to provide predictive insights and recommendations, enabling the company to reduce energy consumption, and lower its carbon footprint, the statement said.