E+Co believes that clean energy has the power to combat climate change and fuel progress worldwide. Throughout Africa, Asia and Latin America, E+Co supports clean energy by cultivating and investing in local energy businesses. These businesses, in turn, preserve natural resources, reduce indoor air pollution and light poor households. For 15 years, our market-driven approach has leveraged the immense power of local entrepreneurs to create a cleaner, healthier and more prosperous planet.
E+Co's approach is to empower local small and medium enterprises that supply clean and affordable energy to households, businesses and communities in developing countries. We do this through the "enterprise centered model" of providing business development services and investment capital to enterprises. A sample of the services provided includes: Market assessment and segmentation; Technology validation; Business plan development; Risk identification and mitigation; Financial modelling; Creation of legal agreements, Regulatory/Central Bank compliance; Operational problem resolution; Securing next stage financing; Monitoring and evaluation of financial, social and environmental impacts.
The combination of services and capital distinguishes E+Co's work from others in the clean energy field. Our model is based on supporting local entrepreneurs that deliver affordable, available and appropriate modern energy options to all but the "poorest" of the poor, recognizing that these enterprises can serve all customers, but that government and social subsidy is needed at the true "bottom of the pyramid".
E+Co is an international organization and serves low income clients from more than 25 developing countries around the world.
E+Co's activities provide access to clean energy to over four million people in Africa, Asia and Latin America; more than 3 million tons of carbon dioxide emissions have been offset; and 200,000 tons of firewood has been saved.
With the help of E+Co, New Energies, a South African company, is becoming the leading supplier of solar-heated water to large institutions. By servicing these institutions, New Energies directly reduces the demand for energy in a country where 73% of energy is generated by fossil fuels and 25% of all electricity is used for heating water. Moreover, New Energies is also economically viable as its services cost less than those of traditional water heating companies.