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Press release: Clean Energy Works Awarded Grant to Accelerate Electrification of Global Transit
PAYS has received significant traction from governments, development finance institutions, investors and philanthropies worldwide, including endorsement from the members of The Global Innovation Lab for Climate Finance in September. Convergence’s funding will allow Clean Energy Works to complete the necessary feasibility work to narrow down the pipeline of cities in Latin America to a candidate city for a first implementation project.
- Region
- Latin America
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Navigating Change: A Step-By-Step Approach to Revising a Social Enterprise Business Plan
By 2018, EarthSpark International had already built two micro-grids in Haiti, sold around 18,000 clean energy products, and invented the leading meter for micro-grids, which sold 40,000 units in 22 countries. The company seemed to be primed for a successful future. But EarthSpark faced significant problems, both in terms of profitability and social impact. To achieve its mission, it needed to make major changes to its model. Social business pioneer Eric Carlson describes how the company revised its business plan, using the paradigm from his new book, Building A Successful Social Venture.
- Categories
- Energy, Social Enterprise
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World Bank Offers $1 Billion for Batteries in Emerging Markets
Most existing battery projects are expensive and focused in developed countries.
- Categories
- Energy, Technology
- Tags
- climate change
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How to Build an Impact Industry: Four Strategies from the Global Alliance for Clean Cookstoves
Almost 3 billion people worldwide cook with materials that are inefficient, unsustainable and polluting. Since 2010, the Global Alliance for Clean Cookstoves has sought to make clean stoves and fuels commonplace across the developing world, by building an industry that could deliver this vision. Colm Fay and Ted London at the William Davidson Institute share insights from the Alliance's efforts to catalyze this new industry, breaking down four key stages of acceleration and their lessons for other impact-based accelerators.
- Categories
- Energy, Social Enterprise
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OPIC commits $25 million through Sunfunder to expand access to off-grid power in Africa and Asia
The OPIC commitment consists of both a senior and a subordinated tranche, which will help catalyze other impact-focused investors to achieve a target fund size of $85 million. SunFunder projects that the Solar Energy Transformation Fund will make individual loans to more than 50 off-grid solar companies, which in turn will enable more than three million people to gain access to clean, affordable energy and lighting.
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Press release: BBOXX and GE partner to provide energy access in the Democratic Republic of Congo
“We are excited to partner with BBOXX to enable energy access in the DRC. GE’s Hybrid Distributed Power system offers flexibility to deliver fast, reliable power with a digital backbone found in utility scale power plants,” said Brian Selby, Managing Director of Licensing at GE.
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Refrigeration Off the Grid: An Innovative Solution to Food Spoilage for the Billions Without Electricity
Home refrigerators, essential appliances in much of the world, remain out of reach to over one billion people who, as social entrepreneur Quang Truong puts it, must plan their lives around eating rather than vice versa. Without access to reliable grid energy, families are not just inconvenienced – they’re also contributing to climate change as their rotting foods emit greenhouse gasses. In this post, part of our “Offline Innovation” series, Truong puts the spotlight on his Fenik Yuma cooler, which solves this dilemma through low-tech evaporative cooling.
- Categories
- Energy, Social Enterprise, Technology
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Building Markets, Building Cohesion: Lessons from Last-Mile Deliveries
In 2016, Myanmar was a nation emerging from decades of conflict and isolation. Kopernik, the UNDP and Mercy Corps responded with a pilot program that utilized technology distribution as an avenue to strengthen social cohesion in the country's remote rural communities. Tomohiro Hamakawa and Vanesha Manuturi of Kopernik share development lessons learned from the program — lessons with the potential to benefit other emerging market communities making a comeback from histories of conflict.
- Categories
- Energy, Technology
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