Husk Power Systems' recent funding success demonstrates the power and scope of the social enterprise model. Not only is it possible to do well by doing good, operating with social responsibility can be attractive to investors.
Kickstart International is pivoting from a direct sales model to leveraged partnerships with local NGOs, UN agencies, businesses, microfinance institutions and governments in the effort to help one million more sub-Saharan Africans pull themselves out of poverty by 2023.
In the Indian state of Bihar, power plants run on the rice husks left in the fields after the last harvest. This system is the brainchild of Manoj Sinha, CEO of Husk Power Systems, and the company’s cofounder, Gyanesh Pandey, who knew first hand that electricity was not to be taken for granted.
Motivo's Harvest Mobile Power Platform could be shared, co-op style, among several farmers. Co-owners would sign out units with an app—some call is the "Uberization" of agriculture. Motivo hopes their success in developing countries will attract the attention of U.S. agriculture.
Husk Power Systems is making a big impact within the decentralized revolution. Their success setting up mini-grids and delivering reliable power is not only changing lives in India, it's showing other innovators, and investors, what's possible.
Innovation in India flows to Africa, making a double impact. Husk Power Systems, whose clean tech solution converts biomass waste into electricity, began their work in India, but today, they design, build, own and operate low-cost hybrid power plants and distribution networks in India and Africa.
Learn how Husk Power Systems is part of a new paradigm, wherein sustainable development can be achieved through the adoption of innovative, regenerative activities and services, and where the primary goal is broader social and environmental well-being rather than individual or company profits.
Futurepump is one of a number of enterprises across sub-Saharan Africa that are developing ideas for low-cost, high-quality clean energy products and services. Business-oriented funding for clean energy projects like Futurepump is helping more young people in off-grid villages earn an income.
Manoj Sinha, CEO of Husk Power Systems, has learned a few lessons about fundraising for a social enterprise. Impact companies can raise comparable sums to Silicon Valley startups, though it may take time to validate their business model. Sinha shares details about Husk's road to funding success.
Husk Power Systems Co-Founder and CEO Manoj Sinha speaks to pv magazine about the hybrid mini-grid systems that the company is going to install in India and Tanzania. Sinha also discusses battery technology and Husk’s contributions to India’s 100% electricity plan.
India's renewable capacity, including solar, wind, biomass and small hydro, grew by 11.2 GW in 2017. India also increased its new solar capacity by 83% in 2017. Claro Energy is right there with them—in just five years, the company has expanded to 14 Indian states with over 2,200 pump sets installed.