Portable Sustainable Power Company is Awarded at LOPE-C
A company that has developed a pay-as-you-go solar power solution for people living in areas without grid connection has received the “Best Business Case” award at the Investor Forum at the annual LOPE-C Organic Electronics conference in Munich. The event is organized by the OE-A (Organic and Printed Electronics Association) in cooperation with the European Commission (DG INFSO). It is the main venue for investors and early-stage companies in organic and printed electronics.
Still glowing with a recent award, Eight19 saw its IndiGo solution once again get recognized for its potential as a novel business model for organic solar power. It eliminates the high upfront costs of setting up renewable sources of power and provides clean power for less than half of what potential customers currently spend (mainly on dirty kerosene).
The company says the off-grid market potential for solutions like the one it’s developing is estimated at around 1.3 billion people. People in those areas often have cell phones but not access to electricity. The system consists of a low-cost solar panel, a battery unit with inbuilt mobile phone charger and a high efficiency light emitting diode (LED) lamp. Users put credit on their IndiGo device using a scratch card, which is validated over SMS using a standard cell phone.
A few weeks Indigo was awarded a World Business and Development Award at Rio+20 and named part of the global Sustainia100, described as a global collaborative platform for “building a model and vision for a sustainable future”.
Image credit: Eight19