Energy cooperation is a central element of the U.S.-India Strategic Partnership. Recognizing the need to address climate change, ensure mutual energy security, and build a clean energy economy that drives investment, job creation, and economic growth; India and the United States launched the U.S.-India Partnership to Advance Clean Energy (PACE) on November 24, 2009 under the U.S.-India Memorandum of Understanding to enhance cooperation on Energy Security, Energy Efficiency, Clean Energy and Climate Change. As a priority initiative under the PACE umbrella, the U.S. Department of Energy (DOE) and the Government of India signed an agreement to establish the Joint Clean Energy Research and Development Center (JCERDC) on November 4, 2010. The JCERDC is designed to promote clean energy innovation by teams of scientists and engineers from India and the United States.
The three priority areas covered under the Indo-U.S. JCERDC are:
Recognizing the success of the first call of the JCERDC Program, the United States and India agreed to extend and expand the program, as elaborated in the U.S.-India Joint Statement issued when President Obama and Prime Minister Modi met in New Delhi on January 25, 2015: “The United States intends to support India's goal by enhancing cooperation on clean energy and climate change, to include expanding the Partnership to Advance Clean Energy Research (PACE-R): A renewed commitment to PACE-R, including extending funding for three existing research tracks of Solar Energy, Building Energy Efficiency, and Biofuels for an additional five years and launching a new track on Smart Grid and Grid Storage.”Prime Minister Modi and President Obama have since emphasized the critical importance of expanding clean energy research, development, manufacturing and deployment, which increases energy access and reduces greenhouse gas emissions.
The overall aim of the JCERDC is to facilitate joint research and development on clean energy to improve energy access and promote low-carbon growth. To achieve this objective, the Indo-US JCERDC supports multi-institutional network projects using a public-private partnership model of funding.
For more details , Please refer attached file below.Source : http://www.iusstf.org/story/53-61-Joint-Clean-Energy-Research-and-Development-Center(JCERDC).html
View all SMART GRID Bulletins click here