While President Trump wants to revive America’s coal industry, India is embracing renewables, LED lighting, electric cars, and more.
India is a leader in a type of business called an Energy Service Company (ESCO), which makes money only on energy costs they manage to save their customers. Government power utilities set up an ESCO company called Energy Efficiency Services Limited, which has made nothing but profits since its inception. This company has worked with LED manufacturers to drive the costs of these lights down 85 percent in less than three years. Now India gets the world’s lowest price, Goyal said in an interview.