20 Apr '12, 12pm

Solar-powered ATM machines expand banking options in rural India @VortexATM #solar #energy #India

20 Apr 2012: Solar-Powered ATM Machines Expand Banking Options in Rural India For many villagers in rural areas of India, personal banking comes at a high cost. In addition to the expense of traveling to the nearest branch, often in distant cities, they must often forego a day’s work. Click to enlarge Vortex Engineering A “Gramateller” ATM in a Tamil Nadu village. Vortex Engineering , a start-up incubated at Chennai’s Indian Institute of Technology, has come up with a solution that not only saves rural Indians the day’s hassle but cuts down on energy use. Combining solar panels with innovative mechanical design requiring far less power, Vortex’s ATMs are capable of running on about 10 percent of the energy used by conventional machines. And because the low-power design produces very little heat of its own, the “Gramateller” — “gram” is Hindi for “village” — functions as we...

Full article: http://e360.yale.edu/digest/solar-powered_atm_machines_ex...

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