28 Apr '15, 2pm

Clean Energy in the Developing World: Powerhive Hits on a Compelling Business Model

Powerhive points out that an estimated 1.3 billion people worldwide lack access to electricity. Instead, they rely on fossil fuels, such as kerosene and coal, for lighting, cooking and to meet other basic energy needs. Not only does this result in harmful and costly environmental pollution, it doesn't provide electricity in sufficient amounts or of a quality required for meaningful socioeconomic development. “You’ve probably heard of dozens of solar companies selling solar power kits to people in rural areas all over Africa. We’re expanding electricity access too, currently in Kenya, but taking a radically different approach based on the idea that economic development depends on access to enough electricity to power productive activities, not merely lights and mobile phone chargers. Our solar microgrids provide 24/7 electricity, which powers small machinery and home applia...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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