Nuru Energy is an international

social enterprise A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners. Social enterprises ha ...

which is working to address the global problem of

energy poverty In developing countries and some areas of more developed countries, energy poverty is lack of access to modern energy services in the home. In 2022, 759 million people lacked access to consistent electricity and 2.6 billion people used dangerous a ...

and

climate change in Africa Climate change in Africa is an increasingly serious threat as Africa is among the most Climate change vulnerability, vulnerable continents to the effects of climate change.Niang, I.; O. C. Ruppel; M. A. Abdrabo; A. Essel; C. Lennard; J. Padgham, ...

and India. This is through the distribution of affordable

LED lamp An LED lamp or LED light is an electric light that produces light using light-emitting diodes (LEDs). LED lamps are significantly more energy-efficient than equivalent incandescent lamps and fluorescent lamps. The most efficient commercial ...

s that are recharged using a simple to use human powered generator that is more efficient than current solar. Nuru Energy's

business model A business model describes how a Company, business organization creates, delivers, and captures value creation, value,''Business Model Generation'', Alexander Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self-pub ...

uses a unique

distribution Distribution may refer to: Mathematics *Distribution (mathematics), generalized functions used to formulate solutions of partial differential equations *Probability distribution, the probability of a particular value or value range of a varia ...

strategy to sell its products indirectly to rural customers through micro-franchise entrepreneurs who are equipped and trained by the company and financed through

Kiva A kiva (also ''estufa'') is a space used by Puebloans for rites and political meetings, many of them associated with the kachina belief system. Among the modern Hopi and most other Pueblo peoples, "kiva" means a large room that is circula ...

Focus

Nuru Energy aims to eradicate the use kerosene lamp from Africa through provision of LED lamps to the bottom of the pyramid markets that cannot afford other alternative solar lighting source due to their high cost. This switch from kerosene use would lead to reduction in global carbon emissions leading to the firm earning

carbon credit Carbon offsetting is a carbon trading mechanism that enables entities to compensate for offset greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting p ...

s. This

Clean Development Mechanism The Clean Development Mechanism (CDM) is a United Nations-run carbon offset scheme allowing countries to fund greenhouse gas emissions-reducing projects in other countries and claim the saved emissions as part of their own efforts to meet internat ...

project led to the firm partnering with Bank of America Merrill Lynch in 2011, in a deal that would see the

investment bank Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

purchase carbon credits from Nuru Energy for a period of 10 years.

References

Renewable energy policy International sustainability organizations {{renewable-energy-stub

Focus

See also

References