Honeywell and IIT Bombay Announce New Centre of Excellence
Global technology company Honeywell has partnered with the Indian Institute of Technology Bombay to establish a Centre of Excellence for Future Skills and Innovation at the institute’s Powai campus.
Funded by Honeywell Hometown Solutions India Foundation, the centre will support sustainability-focused education by providing laboratory infrastructure, specialised equipment, curriculum development and research grants. The initiative aims to train more than 100,000 students by 2030 through certificate-based programmes combining classroom instruction with applied projects.
Programme Structure and Pilot Phase
The programme will begin with a two-month pilot phase, focusing on building core infrastructure, developing coursework and training the first cohort of around 250 students. After the pilot stage, the programme is expected to engage nearly 20,000 students annually.
Students from undergraduate, postgraduate and doctoral programmes will complete 40 hours of training across five key themes:
- sustainability reporting
- sustainable finance
- energy security
- sustainability infrastructure
- policy advocacy
Courses will be taught jointly by IIT Bombay faculty and Honeywell industry experts, with mentorship and technical support from Honeywell professionals.
Addressing India’s Growing Green Skills Demand
The initiative comes amid rising demand for sustainability-related skills in sectors such as energy, infrastructure and finance. According to the Government of India’s Economic Survey 2023–24, India could generate 3.4 million green jobs by 2030.
However, staffing firm TeamLease estimates the renewable energy sector already faces a shortage of about 1.2 million skilled workers, which could increase to 1.7 million by 2027.
Supporting India’s Sustainability Workforce
Ashish Modi, President of Honeywell India and Asia Pacific, said the collaboration aims to strengthen workforce capabilities as India expands its technology-driven economy.
Shireesh B. Kedare, Director of IIT Bombay, noted that the centre will allow students to work on real-world sustainability challenges through experiential learning and applied research.
The initiative will operate under Saksham Programme, Honeywell India’s broader skilling programme focused on areas such as artificial intelligence, cybersecurity and sustainability.
Ballyhoo Media has announced a nationwide partnership with Hornblower Group, expanding its footprint across one of the largest passenger vessel fleets in the United States. Headquartered in Miami, Ballyhoo will bring its waterway advertising and experiential activation expertise to Hornblower’s extensive ferry, water taxi, and charter operations.
Expanding Maritime Advertising Reach
With this partnership, Ballyhoo Media strengthens its position as the nation’s largest waterway media company, now collaborating with both major public and private passenger vessel operators. The phased rollout begins with Potomac Water Taxi and will expand across Hornblower’s national fleet.
Hornblower Group operates hundreds of vessels across key metropolitan markets and serves more than 20 million guests annually, offering significant scale for integrated advertising campaigns.
Proven Collaboration in Chicago
The companies have previously collaborated on high-profile St. Patrick’s Day activations along the Chicago River, including campaigns with Jameson Irish Whiskey. These activations, executed during the city’s iconic river dyeing event, demonstrated Ballyhoo’s ability to generate incremental revenue while managing operations in high-traffic maritime environments.
Strategic Industry Impact
Tyler Zlatin, Chief Revenue Officer of Ballyhoo Media, described the partnership as a “1+1=3 effect,” emphasizing the combined value creation for maritime operators and brand partners. Executives from Hornblower’s City Cruises division also highlighted the potential for thoughtfully integrated advertising solutions across their fleet.
Hornblower Group’s broader portfolio includes ferry services to major attractions such as Niagara Falls, Statue of Liberty, and Alcatraz Island, reinforcing the scale and visibility of the partnership.
Strategic Significance
As experiential marketing continues to evolve, the collaboration positions both companies to bridge advertising innovation with maritime transportation infrastructure. By integrating media solutions across a national vessel network, Ballyhoo and Hornblower aim to unlock new revenue streams while enhancing brand engagement in high-visibility waterfront markets.
Fortis Renewable Energy BV has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for the potential financing of the 342 MW (270 MWp solar + 72 MWh storage) Sremska Mitrovica Solar Photovoltaic and Battery Energy Storage System (BESS) Project in Serbia.
The agreement initiates a structured finance process and due diligence for the provision of long-term debt to support the large-scale renewable energy development.
A Flagship Renewable Project in the Western Balkans
Located in Sremska Mitrovica, approximately 80 km northwest of Belgrade, the project is expected to become Serbia’s largest photovoltaic solar installation and one of the largest in the Western Balkans.
Beyond its scale, the project represents a major step in strengthening Serbia’s energy security, advancing decarbonization goals, and aligning the country’s energy framework with broader European climate policies.
The development will integrate:
- 270 MWp photovoltaic solar capacity
- 72 MWh battery energy storage system (BESS)
Together, the hybrid solution is designed to provide grid stability, improve renewable integration, and support long-term resilience of the national energy system.

Environmental and Energy Impact
Once operational, the Sremska Mitrovica project is expected to:
- Generate more than 365 GWh of clean electricity annually
- Supply power to over 105,000 homes per year
- Prevent approximately 182,000 tonnes of CO₂ emissions annually
This emissions reduction is comparable to planting nearly nine million trees each year, underscoring the project’s significance within the European Green Transition.
Construction is scheduled to begin in the third quarter of 2026, with commissioning targeted for the first quarter of 2028.
Strategic Importance and Regional Growth
Sremska Mitrovica, built on the site of the ancient Roman capital of Sirmium, has long served as a strategic gateway between Belgrade and Central Europe. The development of one of the region’s largest solar power plants positions the city as a modern hub for sustainable growth while preserving its historic significance.
Fortis Energy highlighted the importance of collaboration with the EBRD in mobilizing private capital, supporting market stability, and advancing sustainable infrastructure across the Western Balkans. The project is also expected to meet international environmental and social sustainability standards, reinforcing its bankability and long-term viability.
Fortis Energy’s Long-Term Vision
Headquartered in Amsterdam, Fortis Energy is a Turkish-origin renewable energy developer with regional offices in Istanbul (MEA) and Belgrade (CEE). The company currently operates over 200 MW of renewable assets and is advancing more than 500 MW of new investments planned for 2026–2027.
With ambitions to become a global green baseload independent power producer (IPP), Fortis continues integrating solar, wind, energy storage, and sustainable infrastructure across Europe.








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