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.
Husk Power Systems has opened its U.S. headquarters at CSU's Powerhouse in Fort Collins. With $20 million in equity financing from Shell, Husk plans to ramp up growth to develop an estimated $190 billion grid market in India, Tanzania and other locations.
The future of rural electrification may be SharedSolar systems, which connect users to a nearby microgrid. Pre-paid cards, purchased from local vendors, are used to access electricity. Husk Power Systems and Earthspark are both working toward making this a reality for more rural residents.
SunDanzer won awards in two categories at the 2016-17 Global LEAP Awards Off-Grid Refrigerator Competition. Their products have been recognized as among the world’s best, most energy-efficient refrigerators that are designed for compatibility with off-grid solar energy systems.
SunDanzer was recently the winner of two Global LEAP Awards in the Off-Grid Refrigerator Competition at the Global Off-Grid Solar Forum and Expo. The $200,000 cash prize for each win is in recognition of their innovative, groundbreaking work. Congratulations to everyone at SunDanzer!
SunDanzer Refrigeration was a big winner at the Global LEAP Awards Off-Grid Refrigerator Competition—two of their products won innovation cash prizes of $200,000 each for demonstrated market-leading advancement in energy efficiency and overall value. Congratulations and good work!
With a $20 million venture capital infusion for their mini-grids, Powering Agriculture Innovator Husk Power Systems is pressing forward with its mission to electrify rural communities, much like the one in India where Manoj Sinha, the company’s co-founder and CEO, grew up.
With the help of her Futurepump solar irrigation system, Kenyan farmer Hakima Mohammed has become a successful business owner. Since 2013, she has sold over 1.5 million seedling trees, mainly to local small-scale farmers, who are planting them as a way to boost their incomes.