MUMBAI: GIBSS's innovative technology on "Geothermal Cooling Systems" has been recognized as a sustainable solution that can facilitate a transition towards a low carbon future. Green House Gas reduction technology developed by GIBSS is a Climate Solver for the year 2012 by WWF.

GIBSS, a pioneer in geothermal cooling technology, has already bagged prestigious awards like Sankalp Award, Parivartan Award, India Africa Fellowship supported by the Ministry of External Affairs, Government of India and Samsung CNBC Innovation Quotient in 2012. Climate Solver 2012, is one more recognition for its Cleantech innovation.

Thanking WWF for honouring their efforts, Mandar Kaprekar, VP Technology from GIBSS said, "The award is a testimonial to our efforts to help customers switch to commercially viable geothermal cooling technology that reduces both operating expenses and CO2 emissions by 50-60%. In India alone, the technology is saving over 250 million litres of water annually. The innovation should be able to contribute to reduction of CO2 emissions by over 20 million tonnes in the years to come."

GIBSS is focused on making buildings net zero energy and net zero carbon footprint through its innovative technologies in air conditioning, hot water and lighting. Arun Shenoy, VP Business Operations from GIBSS said, "GIBSS innovations integrate economic, environmental and social dimensions to support easy adoption. While the geothermal innovation reduces carbon footprint substantially and is 100% water efficient, it also reduces electricity bills for air conditioning by 30-50%. Since the economic life of such systems is 50-75 years, the economic and environmental impact is sizeable over the life cycle."

The awards were presented by chairperson of the council on energy, environment and water Suresh P. Prabhu. Speaking on the occasion, WWF secretary general Ravi Singh said: "With a platform like Climate Solver, we are hoping to provide simple and innovative solutions to counter the effects of climate change which can be scaled up over time."

"Innovation is typically a new way of doing something while increasing the value for a customer. WWF believes that this customer value must include radically reduced carbon emissions, energy access and compatibility with a transition to a renewable energy future," he added.

About GIBSS (Green India Building Systems and Services)

GIBSS, a zero net energy building systems company, helps businesses reduce costs and raise productivity through compelling "triple bottom line" energy efficiency products and solutions in their buildings. With its zero initial investment or Pay from Savings model and performance bank guarantees, GIBSS has made state-of-the-art technologies commercially viable to its clients. GIBSS portfolio of geothermal cooling systems, hot water co-generation systems, lighting and indoor air quality systems reduces operating costs in buildings by 60-80%. It has generated remarkable interest among building owners and operators and is set to become a game changer in the building systems space. For further information, visit - http://www.gibss.in.

Primary Media Contact: Ramdas Shenoy, ramdas_s@gibss.in, 91-80-97016041

Secondary Media Contact: Arun Shenoy, arun_shenoy@gibss.in, 91-99-30462422

Photo: http://photos.prnewswire.com/prnh/20130415/607524