Sorin Grama's invention, built from old car parts, can heat water without electricity. It won second place in MIT's annual 100K Entrepreneurship Competition. So what happened when he took his invention to India? Rural Indians told him they didn't need to get water hot, they needed to get milk cold.
EarthSpark International has built a 93 kW, solar-powered microgrid in the small town of Les Anglais, Haiti, which supplies clean, reliable power to approximately 2,000 people. They plan to build 80 more microgrids in the next five years, bringing affordable, clean power to over 200,000 people.
KickStart International has sold more than 275,000 irrigation pumps across Africa. When farmers use these pumps, their incomes rise an average of over 400 percent. As a result, more than 1 million people have been lifted out of poverty through their use.
USAID’s first Global Water Coordinator recently visited several USAID-supported project sites in the Middle East. His trip included a stop at one of ECO Consult’s hydroponic greenhouses. This water-saving technology reduces water usage by up to 40% and significantly increases crop yields.
SunCulture, a Powering Agriculture Innovator, was featured in the Financial Times recently! The story highlights Alice Migwi, a farmer who's seen her revenues grow 10% in the three years she's used SunCulture's solar irrigation system. This has enabled her to expand and diversify her business.
Praveen Penmetsa, CEO of Motivo Engineering, explains the transformational potential of Motivo's innovative solar-powered Harvest tractor in a recent Forbes interview. Farmers in remote areas will use this machine not only to work the fields, but to store and use power anywhere.
SimGas has introduced a prototype of its biogas milk chiller! This chiller enables farmers to increase their income by eliminating milk spoilage, and by saving time and money on milk transport. For dairy processors and co-operatives this product leads to more, better-quality milk.
Toby Hammond, managing director of Futurepump, believes that solar irrigation technology can relieve food insecurity in drought-stricken Sub-Saharan Africa, and that solar power usage has the potential to transform lives across the continent. However, investment and political will are still needed.
Since EarthSpark connected Haiti's first solar-powered microgrid, several women have started their own businesses, including an ice cream business that sells 100 ice creams a day to school kids! This was accomplished through feminist electrification, which considers gender concerns at every step.
Investors fund all types of social enterprises through a variety of mechanisms, each of which has its own targets, objectives and risk profiles. But some key takeaways offered by a group of impact investors sheds light on the criteria and metrics that shape the funder’s perspective.