Mahindra Launches Asset Care Company ‘TEQO’ for RE Industry

This newly formed company will provide optimization solutions for renewable energy customers both in India and abroad. The word TEQO is derived from Technology, Quality and Operations.

TEQO

With an aim to accomplish its aspiration to deliver a comprehensive, technology-enabled, asset management solution, Mahindra Partners has launched a technology driven asset care company TEQO.

This newly formed company will provide optimization solutions for renewable energy customers both in India and abroad. The word TEQO is derived from Technology, Quality and Operations.

A billion-dollar private equity (PE) arm of Mahindra Group, Mahindra Partners, further claimed that, this newly formed company will help renewable energy asset owners in maximizing their returns by leveraging advanced technologies, including Internet of Things (IoT), Big Data, Machine Learning, Robotics, Artificial Intelligence (AI), Augmented Reality and Natural Language Processing.

Mahindra Partners currently manages USD 20.7 billion multinational Mahindra Group’s cleantech division, including Mahindra Susten – India’s one of the leading solar EPC firm.

Commenting on the development, Mahindra Partners, Managing Partner, Parag Shah said that, “I am delighted to see the successful journey of TEQO over the last six years from a captive O&M department within Susten, into a business unit and now as an independent entity – TEQO. With digitalization, sustainable technologies and customer centricity at its core, I am confident that TEQO will lead the way in the tech enabled Renewable Energy O&M space globally.”

TEQO’s life began in 2013 as part of Mahindra Susten, rapidly growing into the world’s tenth largest provider of solar Operations and Maintenance (O&M) services, as per the GTM Research.

Moreover, the company’s objective behind formation of a new identity is to accelerate its growth, with the aspiration to emerge as a leading player in the global renewable energy asset management Industry.

Here’re some of the offerings of TEQO – cutting edge asset Monitoring solutions, power generation maximizing algorithms, precision robotics, automated drones, on-ground operations and maintenance (O&M) fleets.

Besides, TEQO also provides asset management services, technical due diligence expertise and performance analysis services.

On formation of new entity, Mahindra Teqo, CEO, Steve Odak said, “With over 4 GWp of projects experience in a short span of 6 years, and a growing eco-system of advanced technology products and services, backed by a strong team with deep domain expertise, we at TEQO are proudly building the most comprehensive renewable energy asset management company with a global footprint.”

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Manu Tayal

Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.

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