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World Bank InfoDev Update “Clean, Green and Mobile: Making Technology Work for the Poor” June 9, 2010 www.EandCo.net Clean Energy A World With, A World Without 1.8 billion Estimated number of Internet users world-wide WSJ June 2010 1.6 billion Estimated number of people lacking access to electricity IEA 2008 E+Co • Mission: To positively impact climate change and reduce poverty through investment in small and growing clean energy enterprises • Investments in more than 200 enterprises in 21 developing countries, Africa, Asia and Latin America • 8 offices, 75% staff field based • “Market-based and Entrepreneur–centric” Why Clean Energy? Climate Security Poverty Energy Water Innovation Health Tackling the Problem Filling a Market Gap Services Capital Clean Energy Business Why This Model? Entrepreneur = best to assess local market opportunities Small/Growing Businesses = key drivers to economic growth Customer driven, not donor driven Satisfy customer needs = Economic Growth E+Co Triple Bottom Line Returns Social Environmental Financial Access to Clean Energy 6.2M Carbon Dioxide Reduced 4.6M tons Capital Invested $40M Entrepreneurs Trained > 1,000 Firewood/Charcoal Displaced 1.1M tons Capital Mobilized $253M Income Generated $7M Decreased Oil Consumption 910,000 barrels Portfolio Return 8.7%* Cumulative 1998-2000 *After write-offs and before operating expenses Technology for the BOP • E+Co is “Technology Neutral” – Enterprises provide products that are available, affordable and appropriate – Find innovative solutions for their markets • Solar lanterns with cellphone chargers Zara Solar, Tanzania Entrepreneur: Mohammed Parpia In 2006, E+Co provided a $200,000 loan to Mohammed Parpia to launch Zara Solar. Mwanza, Tanzania has a very low 5.9% electrification rate with no plans for national grid extension. Zara Solar now serves over 20,000 households in six regions. Toyola Energy Ltd., Ghana Entrepreneurs: Suraj Wahab, Ernest Kyei • Energy Efficient Cook Stove Manufacturer/Distributor – Use charcoal that is 40% more energy efficient – Stoves made of scrap metal – “Evangelists” as sales agents – Now selling lanterns to replace kerosene – Carbon offset monetization returning monies back to region E+Co and Technology Carbon Finance • Projecting completion of Gold Standard Verification process by 2nd Quarter 2010 – 2nd and 3rd cook stove projects to receive Gold Standard • Focus on energy efficient cook stoves – Toyola Ghana – Katene Mali • Goldman Sachs to monetize carbon offsets – Cook stove manufacturers to receive share • E+Co work profiled in Newsweek article December 2009 E+Co and Technology Mobile Sales Tracking 100s of salesman nationwide Toyola web-based project database: - End user contact info - Stove serial numbers (avoid double counting) - Toyola stock data (supply chain management) Toyola Management E+Co Staff Training Toyola staff on how to record sales using SMS Carbon Finance Auditors Example Record Structure Data Source Point of Sale: user name, location, mobile # Follow-up Monitoring: kitchen surveys, performance tests, health questionnaires Multiple records possible per stove Electronic Forms Sensors In-situ Performance: stove use, personal exposure Records Linked by Unique Stove Serial Number SMS (Text Messges) Information Recorded E+Co and Technology Invisible Schoolhouse Online Distance Learning • Energy.invisibleschoolhouse.net • Draws on materials on USAID Energy Wikispace – Energyaccess.wikispaces.com • Facilitates learning at user’s pace • Multiple “classrooms” – Energy Enterprise, Climate Change, Solar PV, Carbon Finance • Will include long-distance mentoring • Start online, move to mobile learning • Log in as guest/password: entrepreneur2010 E+Co The Way Forward • Business Plan under development to establish For-Profit Funds to aggregate capital • Invest $80-$100 million by 2014 • ~8-10 million additional people served • 10 million tons of carbon offset annually Thank you Anne Murray Senior Development Officer E+Co www.EandCo.net