University of California

Will Crowdfunding Revolutionize Microgrids?

crowdfunding microgrids

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.