Co-funded by the
European Union
MPowering the Future
Tech4impact venture tackling the challenges of energy access and financial inclusion in emerging markets
CommercialisedProviding and financing affordable and software-backed clean energy products in emerging markets
The need
1.3 bn people live without access to electricity and millions more suffer from unreliable grid connection. They use expensive, dangerous, unreliable fossil fuel-based products and lack access to products and financing to buy solar-based alternatives.
The solution
MPower is a tech4impact venture tackling the challenges of energy access and financial inclusion in emerging markets. EnergyHub provides and finances affordable software-backed clean energy products through microfinancing (local partners) and a rental system (end-customers). Software enables connectivity and integration of mobile money.
The value proposition
• Financing scheme allowing for product affordability.
• Credit risk mitigation via financing scheme and software solution.
• High-end software for data collection, operations optimisation.
• Plug and play, mobile and affordable hardware.
• Scalability through B2B partnership model.
Providing and financing affordable and software-backed clean energy products in emerging markets
