Simpa Networks provides those who are financially disadvantaged with affordable renewable energy through solar home systems and micro grids.
Simpa Networks provides those who are financially disadvantaged with affordable renewable energy through solar home systems and micro grids. Simpa covers the initial cost of the system and allows customers to pay back the cost of the system using a flexible payment program.
There are 1.3 billion people worldwide who are without electricity, with 95 percent of those people residing in Asia or Sub-Saharan Africa. Access to energy is a basic necessity for development initiatives such as education and healthcare.
In India, there is currently a 10-13 percent deficit of daily need for electricity, with more than 85 percent of the lowest income consumers still using wood or dung for fuel. These methods are both harmful to the users’ health as well as to the environment. However, many consumers are left without an alternative as the rural electrification rate in India is only 57 percent, creating a substantial need for affordable renewable energy.
impact to date
Following a seed investment from Schneider Electric in 2010 and an additional $250,000 Series B investment from the Sorenson Impact Foundation, Simpa plans to power 851,000 households with electricity by 2016 and deliver $293 million in income savings from kerosene elimination for its needy customers.
Simpa Networks’ model aids in increasing daily work hours and productivity by an estimated 30 percent, as well as educational access. It also serves to reduce CO2 emissions by an estimated 109,000 metric tons for each 2,000 systems installed.