IKEA Foundation and Rockefeller to Infuse $1 Billion into Global Electrification

The IKEA Foundation, a philanthropic organization formed by the founder of furniture giant IKEA, and The Rockefeller Foundation have set up a $1 billion platform to develop minigrids and other decentralized energy projects for the 3.6 billion people with unreliable electricity or none at all. Announced Monday, the program aims to reduce 1 … [Read more...]

How Much Energy is Enough for Each of Us? New Report Calls for a Minimum Standard 

The idea that everyone should have access to sufficient energy lies at the heart of the microgrid proposition.  People may experience energy deficiencies because of poverty, geography or calamity. It may be a daily condition, as we see in parts of Africa, or a temporary condition brought on by storms or wildfires, as is more common in North … [Read more...]

US Development Bank to Invest $2B to Overcome Energy Poverty in Partnership with The Rockefeller Foundation

The US International Development Finance Corp. (DFC) plans to invest up to $2 billion, and The Rockefeller Foundation up to $50 million, to end energy poverty by expanding development of distributed energy systems, including minigrids. The two organizations announced a memorandum of understanding today to work together to bring reliable … [Read more...]

Rockefeller Foundation Pledges $1B for Green Covid-19 Recovery, 10,000 Minigrids

The Rockefeller Foundation will invest $1 billion over the next three years to boost a green pandemic recovery, including construction of 10,000 minigrids in developing countries.  The foundation’s announcement says it will collaborate with global investors, governments and international organizations to drive public-private development of … [Read more...]

CrossBoundary Energy Access Raises $16 Million to Finance 190 Solar Minigrids in Sub-Saharan Africa

CrossBoundary Energy Access is investing an initial $16 million of capital to finance about 190 solar minigrids, each with a capacity of 6 kW-1 MW, across Sub-Saharan Africa. All told, the minigrids will bring electricity to nearly 34,000 off-grid, rural households and businesses -- about 70,000 people who now lack energy access, according … [Read more...]

Inside the Rockefeller Foundation’s $20 Million Plan to Improve Energy Access in India

The Rockefeller Foundation recently announced it will invest $20 million to expand energy access in rural India over the next three years. Off-grid renewable minigrids, as microgrids are known in India, figure prominently in the foundation's plans. Smart Power India, a program launched by the foundation in 2015, intends to bring sustainable … [Read more...]