GIBSS Geothermal Innovation That Cuts AC Costs in Buildings Upto 60% Bags Prestigious Bry Air Awards for Excellence in HVAC&R System Design

MUMBAI, March 27, 2014 /PRNewswire/ --

The geothermal cooling systems innovation by GIBSS that cuts AC costs in buildings up to 60% has been recognized as one of the winners of the 9^th Bry Air Awards for Excellence in HVAC&R system design. The Bry Air Awards have been instituted by Bry Air to encourage HVAC&R engineers and designers to design commercially successful products, processes and services, which are 'Indian sub-continent centric' and give India a sustainable competitive advantage.

GIBSS, a pioneer in geothermal cooling technology, has already bagged several prestigious awards for its product and solution innovations in the high performance building systems space. Some of the honors include the ClimateSolver Award by WWF, Sankalp Award for the most sustainable clean technology company in India, Parivartan Award for Sutainability Leadership, India Africa Award supported by the Ministry of External Affairs and CNBC Samsung Innovation Quotient.

Thanking Bry Air for the honor, Mandar Kaprekar, Executive Director - Technology and Projects, GIBSS said, "The award reinforces the belief the industry has in our innovation and is testimonial to our efforts in making these ultra-energy efficient technologies commercially viable. GIBSS Geothermal cooling helps 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."

GIBSS' emphasis on precision instrumentation, peer review by IGSHPA experts and top-end software to design, deploy and commission these geothermal projects with performance bank guarantees have gained significant interest from diverse building verticals.

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, Executive Director - Business Operations said, "GIBSS innovations integrate economic, environmental and social dimensions to support easy adoption. Our endeavour is to make buildings 'net zero energy'. While geothermal innovation reduces carbon footprint substantially and is 100% water efficient, it also reduces electricity bills for air conditioning by up to 60%. Since the economic life of such systems is 50-75 years, the economic and environmental impact is sizeable over the life cycle"

The Bry Air Awards, now in its ninth year, are presented annually to individuals or corporates who have made outstanding contribution to the HVAC&R industry in terms of innovation in HVAC&R systems design or product design.

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, LED 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 more information, visit www.gibss.in.

Media Contact: Ramdas Shenoy, [email protected], 91-22-65725361, Executive Director - Marketing, GIBSS