Husk Power Systems provides affordable access to clean and reliable electricity in India’s rural regions.
Investee | Husk Power Systems, founded 2007 |
Location | India |
Sector | Energy |
Funding Start | 2009 |
Funding type | Equity |
Website | www.huskpowersystems.com |
Approximately 300 million people in India (22% of the population) do not have reliable access to electricity. Indian government has designated 18’000 villages as “economically impossible” to reach via conventional means of grid electrification. Current power options such as kerosene lanterns or diesel generators are detrimental to people’s health, environmentally unfriendly, and uneconomical.
Approximately 50% of India’s population, living in the rural areas, will have the chance to now live a life beyond daylight hours, and work towards better economic gains with HUSK low cost power plants, each providing clean energy to 400 households saving 42’000 liters of kerosene and 18’000 liters of diesel per power plant, and reducing indoor pollution caused by burning fuel lamps. Thus, creating a healthier and prosperous India.
HPS contributes to:
Cleaner and safer energy: Households are less prone to respiratory diseases caused by fuel fumes or indoor fires hazards by using clean energy rather than burning kerosene lamps inside homes.
Impact Reach* | 2010/1 | 2013/14 | 2014/15 | 2015/16 | 2016/17 | 2017/18 |
# of individuals with access to HPS electricity | 27'000 | 162'260 | 151'810 | 178'862 | 180'210 | |
Avg. annual household energy savings in Rs. | 3'000 | 3'000 | 3'000 | 3'000 | 3'000 | 3'000 |
Greenhouse Gas Offset/Mitigated | n/a | 14'546 | 11'313 | 13'148 | 13'544 | 12'050 |
* Fiscal year April to March
By investing in Husk Power Systems, we align with and contribute to five of the United Nations’ Sustainable Development Goals.