Shell Foundation

One of the Largest Clean Cooking Initiatives Launched in Pakistan as Global Carbon Investments and Bboxx Join Forces

Retrieved on: 
Friday, December 1, 2023

Together, they are set to launch one of the world's largest clean cooking initiatives, leveraging innovative smart LPG (liquid petroleum gas) technology to provide efficient and affordable cooking solutions.

Key Points: 
  • Together, they are set to launch one of the world's largest clean cooking initiatives, leveraging innovative smart LPG (liquid petroleum gas) technology to provide efficient and affordable cooking solutions.
  • Bboxx, with its expertise in technology and innovative products, is collaborating with GCI to address the critical issue of energy poverty in Pakistan where access to clean energy and cooking solutions is limited.
  • The initiative aims to deliver millions of LPG cooking solutions, marking a significant step towards transforming the country's energy landscape.
  • Together, we are pioneering scalable solutions that address both social and environmental challenges, setting a new standard for clean cooking initiatives worldwide."

Clean Cooking Alliance Launches New Resources to Facilitate Sector Investment

Retrieved on: 
Tuesday, May 23, 2023

WASHINGTON, May 23, 2023 /PRNewswire-PRWeb/ -- The Clean Cooking Alliance (CCA) has launched a new collection of resources to help investors and donors deepen their understanding of, and engagement with, companies working to help accelerate access to clean cooking.

Key Points: 
  • CCA's new Investor Resources will help investors and donors deepen their understanding of the clean cooking sector.
  • WASHINGTON, May 23, 2023 /PRNewswire-PRWeb/ -- The Clean Cooking Alliance (CCA) has launched a new collection of resources to help investors and donors deepen their understanding of, and engagement with, companies working to help accelerate access to clean cooking.
  • Carbon offset revenues from clean cooking projects continue to drive increased interest from new and existing investors, while the many co-benefits of clean cooking remain attractive to donors.
  • These new resources will help investors interested in identifying clean cooking companies to investigate further in their own due diligence processes, as well as donors looking to design a call for proposals that includes clean cooking.

EQUATOR LAUNCHES FUND TARGETING CRITICAL START-UP FUNDING GAP TO POWER AFRICA'S CLIMATE REVOLUTION

Retrieved on: 
Wednesday, April 5, 2023

NAIROBI, Kenya, April 5, 2023 /PRNewswire/ -- Equator, a climate-tech venture capital firm focused on Sub-Saharan Africa, announces the initial close of its first fund with approximately $40 million USD in commitments to support Seed and Series A-stage, tech-enabled ventures in the sectors of energy, agriculture and mobility through an overlooked phase in their funding journey.

Key Points: 
  • Equator was founded with the intention of accelerating an equitable climate transition in Sub-Saharan Africa by providing much-needed capital and active hands-on support to climate-tech ventures at a critical juncture in their start-up journey.
  • Equator has assembled the perfect combination of partners to set its portfolio companies up for longer-term success.
  • Equator has already backed some of the region's most prominent early-stage ventures, including Apollo Agriculture , Odyssey Energy Solutions , Roam and SunCulture .
  • Equator has the benefit of leveraging support from Factor[e] Ventures, an organization of venture builders and pre-seed investors.

Universal Energy Facility offering grants to support electrification by mini-grid in the Democratic Republic of the Congo

Retrieved on: 
Wednesday, November 30, 2022

The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.

Key Points: 
  • The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.
  • The facility provides "results-based finance" to these companies by awarding grants once electricity connections have been established and verified.
  • "The Universal Energy Facility will help improve electricity access in communities across the Democratic Republic of the Congo," said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
  • The DRC is the fifth country to have a Universal Energy Facility programme, with the others being Benin, Madagascar, Sierra Leone and Nigeria.

Universal Energy Facility offering grants to support electrification by mini-grid in the Democratic Republic of the Congo

Retrieved on: 
Wednesday, November 30, 2022

The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.

Key Points: 
  • The Universal Energy Facility opened a new financing windowin the DRC that offers grants to companies connecting people to mini-grids.
  • The facility provides "results-based finance" to these companies by awarding grants once electricity connections have been established and verified.
  • "The Universal Energy Facility will help improve electricity access in communities across the Democratic Republic of the Congo," said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
  • The DRC is the fifth country to have a Universal Energy Facility programme, with the others being Benin, Madagascar, Sierra Leone and Nigeria.

Mini-grids supported by Universal Energy Facility deliver first electricity connections in Madagascar

Retrieved on: 
Friday, September 9, 2022

VIENNA, Sept. 9, 2022 /PRNewswire/ -- The Universal Energy Facility (UEF) , a results-based financing facility managed by Sustainable Energy for All (SEforALL), has reached a milestone it verified its first set of electricity connections: 542 connections to mini-grids across eight communities in Madagascar.

Key Points: 
  • VIENNA, Sept. 9, 2022 /PRNewswire/ -- The Universal Energy Facility (UEF) , a results-based financing facility managed by Sustainable Energy for All (SEforALL), has reached a milestone it verified its first set of electricity connections: 542 connections to mini-grids across eight communities in Madagascar.
  • Launched in October 2020, the UEF is a multi-donor facility that provides grants to eligible organizations once the connections they establish have been verified.
  • The initial 542 connections verified in Madagascar will provide approximately 2,170 people with electricity, while also powering important community services and businesses.
  • More mini-grids supported by the UEF are under construction in the three countries, where the facility expects to provide results-based finance for approximately 14,000 electricity connections.

Mini-grids supported by Universal Energy Facility deliver first electricity connections in Madagascar

Retrieved on: 
Friday, September 9, 2022

VIENNA, Sept. 9, 2022 /PRNewswire/ -- The Universal Energy Facility (UEF) , a results-based financing facility managed by Sustainable Energy for All (SEforALL), has reached a milestone it verified its first set of electricity connections: 542 connections to mini-grids across eight communities in Madagascar.

Key Points: 
  • VIENNA, Sept. 9, 2022 /PRNewswire/ -- The Universal Energy Facility (UEF) , a results-based financing facility managed by Sustainable Energy for All (SEforALL), has reached a milestone it verified its first set of electricity connections: 542 connections to mini-grids across eight communities in Madagascar.
  • Launched in October 2020, the UEF is a multi-donor facility that provides grants to eligible organizations once the connections they establish have been verified.
  • The initial 542 connections verified in Madagascar will provide approximately 2,170 people with electricity, while also powering important community services and businesses.
  • More mini-grids supported by the UEF are under construction in the three countries, where the facility expects to provide results-based finance for approximately 14,000 electricity connections.