Traditional fmicrogrid crowdfundingunding methods often make it difficult to raise capital for microgrid projects, especially those created to specifically for populations with limited means. Funding from NGOs or government agencies is difficult to secure. Crowdfunding, on the other hand, raises capital through the collective effort of individual small investors, making microgrid and other critical projects a reality all over the world — in fact, the World Bank predicts crowdfunding in the developing world will exceed US$96 billion per year within the next 10 years.
Part 1 of this post addressed the issue of global energy poverty in rural areas: its implications, challenges, and promising developments in African nations and in India. Part 2 addresses off-grid problems in Haiti, potential microgrid solutions in Alaska, and the population-empowering “Minigrid Game.” Haiti struggles with extreme energy poverty Haiti is the poorest nation in the Western Hemisphere. Seventy-five percent of Haitians lack electricity access and must cook and light their homes with […]