Social venture capital investor Acumen has invested an undisclosed amount in a Pune-Boston-based Promethean Power Systems Inc., a refrigerated solutions provider.
Acumen said in a statement that it has invested in a startup from its Pioneer Energy Investment Initiative – a $20 million fund focusses on firms working in the energy sector.
Powering Agriculture Innovator Husk Power Systems' CEO Manoj Sinha grew up studying for his school exams by candlelight. More than 20 years on, his company is helping to power those same villages in India through sustainable energy created from rice husks.
Claro Energy will continue its efforts to provide affordable, reliable energy to communities in India through additional support provided by HCL Samuday's Solar Electrification Program, which aims to set up 14 solar mini-grids across 15 villages in Uttar Pradesh to supply uninterrupted power to 900 underserved rural households in the Hardoi district.
For six years, Powering Agriculture supported the development of clean energy technologies for the agriculture sector, including micro-grids, cold storage, and agro-processing. Many valuable insights regarding the challenges of supporting the private sector in scaling these transformative technologies through commercial efforts were gained during this time, and they were reflected upon during the Grand Challenge’s final learnings webinar. Watch the full presentation now.
For six years, Powering Agriculture supported the development and deployment of clean energy innovations that increase agriculture productivity and stimulate low carbon economic growth in the agriculture sector of developing countries to help end extreme poverty and extreme hunger.
Follow the stories of Claro Energy, University of Georgia Research Foundation, and Futurepump, three Powering Agriculture innovators whose innovative solar irrigation and cold storage technologies have improved their communities' livelihoods.
Follow the story of Claro Energy and the innovator behind the business, Soumitra Mishra. Claro Energy provides off-grid solar power pumping solutions to power-deficient regions in India. The company was established in 2011, with the objective of harnessing solar power to pump ground water. Claro’s solar water pump solutions can have broad application across irrigation, agriculture, drinking water, and urban settings.
Follow the story of EvaKuula and the innovator behind the technology, Dr. William Kisaalita, a professor at the University of Georgia whose nonprofit entity, the University of Georgia Research Foundation, developed a biogas-powered milk chiller benefits smallholder dairy farmers by decreasing milk spoilage and increasing production and profits and biogas for lighting and cooking.