electricity, opportunities
In business development on December 16, 2009 at 10:51 am
Lending money to poor people in developing countries is old news, but growing in importance. “Microloans” is gaining momentum. Startups and established investments banks are looking to help people out of poverty, and make money while they’re doing it.
1.6 billion people do not have access to electricy today. This is mostly due to the high costs of building an electric grid in rural and isolated areas. As cleantech develops, and the costs of locally produced energy get lower by the day, a gigantic business opportunity is emerging.
Just as finance institutions are looking at setting up businesses in developing countries, energy companies (like my own mothership Göteborg Energi) should start looking into using their knowledge and technology to bring clean electricity and energy to new markets. There’s a bunch of humanitarian reasons to why we should do this, as this report show. We now need to figure out how to make the business case for microenergy to look good.