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Press Release: Efficient Motors Deliver 30% Reduction in Net Solar Energy System Costs, a New Efficiency for Access Report Finds
A new report from Efficiency for Access offers the first comprehensive analysis of efficient motor applications in off-grid and weak grid appliance markets.
- Categories
- Energy, Technology
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Analysis: In Uganda, Solar Home Systems Help Students Stay in School
One provider in Uganda is proving that an often-overlooked benefit of PAYGo – financial inclusion – can also affect education outcomes by keeping kids in the classroom.
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Analysis: Developing Countries Offer Enormous Market Potential for Long-Duration Energy Storage
Achieving deep decarbonization of the global energy system requires energy storage that can store more energy for longer durations. Lithium-ion (Li-ion) batteries, thus far, have played a key role in supporting the integration of renewable energy resources into the electric grid. But as the share of variable renewable energy in power systems increases around the world, new energy technologies that can store electricity for longer durations at low cost are needed.
- Categories
- Energy, Technology
- Tags
- electricity, energy, innovation, LMICs, renewable energy, solar, technology
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Innovex Closes an Equity Investment With Gaia Impact Fund, a VC Fund Dedicated to Renewable Energy Entrepreneurs
Innovex, a Uganda-based startup enabling pay-as-you-go and remote monitoring for solar companies, closed a Series Seed Round with an equity investment from Gaia Impact Fund.
- Categories
- Energy, Entrepreneurship
- Region
- Sub-Saharan Africa
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Press Release: Husk Power Systems Becomes First Minigrid Company to Power 100 Communities, 5,000 Small Business Customers
Today, Husk Power Systems, (huskpowersystems.com), the leading rural energy company operating renewable minigrids in Asia and Africa, announced that it has achieved two industry firsts: surpassing 100 community minigrids, and serving more than 5,000 micro-enterprise customers.
- Categories
- Energy
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Where’s the Capital for Home-Grown Companies? Why Energy Access Investments in Kenya Need to Go Local
So far this year, 75% of global investment commitments in off-grid solar technology have gone to just three companies — a troubling trend since 2012. And as Kevin Johnstone at the International Institute for Environment and Development points out, many of the founders of the biggest solar companies are North American or European. Focusing on Kenya, he explores why the energy access sector needs more businesses founded, managed and run by local entrepreneurs, and what needs to be done to align investors and capital markets with Kenyan investment opportunities.
- Categories
- Energy, Entrepreneurship, Investing
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Lack of Capital is Just the Beginning: Why Roof-Top Solar is Facing Greater Challenges Than Many People Think
The solar energy sector is dynamic and growing – but as Rik Teeuwen at Footlight International points out, it's also unsettled, as off-grid solar players navigate challenges ranging from lack of finance to inconsistent regulation. In light of those issues, he pushes back on the argument, expressed by candi solar CEO Philippe Flamand on NextBillion earlier this year, that rooftop solar is a “no-brainer” for micro, small and medium enterprises. The truth, he says, is far more nuanced.
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African Development Bank Launches $50 Million Facility to Support Energy Businesses in Africa
The African Development Bank (AfDB) board of directors has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP).
- Categories
- Coronavirus, Energy, Investing
- Region
- Sub-Saharan Africa
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