More than 150 million people live off-grid in Southeast Asia and spend $3 billion each year on lighting and heating substitutes, like kerosene. SolarHome sells pay-as-you-go home solar products to rural, unbanked, off-grid households in Myanmar; it is installing about 150 units per week. Kiva is backing the startup with a $50,000 loan to support
The dramatic drop in the price of solar panels and lithium-ion batteries, other advances in energy storage, and new business models are driving surging market demand. The number of off-grid solar systems around the world grew by 41 percent from 2015 and 2016, according to the International Finance Corp.’s Creating Markets for Climate Business report. Bloomberg New
Only about 50 of the 250 top corporate producers of greenhouse gases have put in place strategies to reduce their climate impacts through 2050 and beyond. But those that have are demonstrating that their plans are creating value by growing revenue and reducing costs. A new ranking from Thomson Reuters charts the top 250 corporate producers of
India wants to develop 100 gigawatts of solar capacity by 2022, up from 14.8 gigawatts in September. That represents a big opportunity for outside investors and solar developers. In partnership with U.K.-based Lightsource, Australian bank Macquarie is committing up to £30 million ($39.5 million) from its joint venture with the U.K. government to build a
Boston-based Panorama provides software to help public K-12 systems understand how self-esteem, family engagement and other factors affect student achievement. Panorama’s goal: “helping school districts take a more holistic view at growing and developing a child,” says CEO Aaron Feuer. The software, called Panorama Student Success, is being used in 400 school districts, including New York
Nearly half of Nigeria’s 186 million people lack access to electricity, amid the country’s booming oil and gas sector. All On, a Lagos-based non-profit, partners with investors and development finance institutions to provide capital and technical services to entrepreneurs working to expand energy access in Nigeria. The first round of investments includes an undisclosed equity investment in
Private-equity funds are a growing source of growth capital and buyouts for impact-oriented companies. The San Francisco-based Builders Fund, which recently closed on $45 million from more than 40 limited partners, has taken a “significant” stake in MPOWERD Inc., which makes “Luci” solar lanterns for both developed-market adventurers and low-resource off-grid communities in developing countries.