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Low Energy Consumption = Unprofitable Mini-Grids. Is Appliance Financing the Answer?
Over 600 million Africans live without electricity, and mini-grids are a cheap solution to bring power to at least 100 million of them. But the mini-grid business model is not yet sustainable. This is due in part to low levels of energy consumption by rural customers, who often can't afford the high upfront costs of appliances that would increase their energy usage. Analysts at CrossBoundary explore new research on whether offering financing for household appliances can help overcome this barrier.
- Categories
- Energy
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Press release: IEEE Awards $1.2 Million for Off-Grid Energy Entrepreneurs
IEEE, the world's largest technical professional organization advancing technology for humanity, announced that IEEE Smart Village (ISV) has granted $1.2 million in new funds for selected sustainable energy projects with a potential life-changing impact on up to seven million people around the world.
- Categories
- Energy, Entrepreneurship, Technology
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Why Fossil Fuel Companies Must Evolve or Die: An Interview with Carbon Tracker Founder Mark Campanale
To keep global warming under 2 degrees Celsius and (hopefully) avoid the harshest consequences of climate change, up to three-quarters of known fossil fuels will have to stay in the ground. That's the thesis of the Carbon Tracker Initiative and its founder, Mark Campanale. If that sounds like a heavy lift for an oil-dependent world, he raises a compelling point: With collapsing margins and emerging competition from renewables, the fossil fuel industry has no choice but to evolve. Campanale elaborates on these views in this video interview.
- Categories
- Energy, Environment, Investing, NextBillion Originals, Technology
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Three Reasons Impact Investors Aren’t Sweating Trump’s Climate Policies: An Interview with Nancy Pfund
This week, President Trump signed what's been called a "sweeping demolition of Obama-era policies on coal mining, fracking, greenhouse gas emissions and climate change." So why isn't Nancy Pfund, founder and managing partner of DBL Partners, worried? We discuss politics and the environment with the impact investing pioneer in this video interview.
- Categories
- Energy, Environment, Investing, NextBillion Originals, Technology
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A Tale of Two Islands: Solar Helps Indian Resort Shine
The author, Simmi Sareen, visited an island chain in the Indian Ocean. One island, Kadmat, has a solar plant that provides all the comforts travelers have come to expect. Another, Thinnakara, runs on undependable diesel power. Solar is the key that has enabled Kadmat's tourism-based economy to hum, Sareen says, and Thinnakara's could, too, if it would transition from diesel.
- Categories
- Energy, Environment
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An Opportunity for Small Businesses Expanding Affordable Internet Access: Grant Applications Open
New Sun Road designed, built and operated the first 24/7 metered electricity service on an off-grid island chain in the southern part of Uganda. It's exactly the type of small business – providing a critical service, creating jobs – that Microsoft aims to support with its Affordable Access Initiative. Applications are open for a new round of grants through the initiative, and will be accepted through Jan. 31.
- Categories
- Entrepreneurship, Technology
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