Overview
New Energy Nexus Uganda is an incubator and accelerator that empowers rural community-based organizations to learn business skills and receive financing to launch sustainable clean energy enterprises. The entrepreneurs receive a low-cost clean energy loan and a 1:1 business coach, taking our Business-in-a-Box solution from idea to execution.
Solution
In Uganda, over 85% of the population lacks access to electricity, and 98% lack access to modern fuels for cooking. However, simple affordable technologies have already been developed to solve these problems. High quality low-cost solar lights, water filters, briquettes, and improved cookstoves are being manufactured and distributed in developing countries, but they aren’t reaching the rural areas – the so-called “last mile” as these areas lack sophisticated supply chains and delivery systems. Energy suppliers are forced to have vertical integration models as they cannot find reliable distributors in rural areas to wholesale volume and turnover stock. In developing countries there exist thousands of self-organized Community Based Organizations (CBOs), which are non-profit cooperatives, that solve local problems in absence of government services. They understand the energy problems well and want to distribute essential clean energy technologies in their community. Highly influential and experts at local advocacy, CBOs demonstrate a trusted network for clean energy product distribution.
ABOUT
New Energy Nexus (NEX) is a global nonprofit supporting diverse climate entrepreneurs to accelerate the transition to 100% clean energy for 100% of the population. New Energy Nexus provides funds, accelerators and networks to drive climate tech innovation and adoption.
Vision
An abundant world with 100% clean energy for 100% of the population, in the shortest time possible.
The problem we are solving
There are not enough diverse and thriving clean energy entrepreneurs to match the scale of the clean energy transition. Climate entrepreneurs face significant hurdles throughout their journey to market and scale.
Mission
New Energy Nexus aims to support diverse entrepreneurs to drive innovation and build equity into the global clean energy economy.
Our work must uplift communities around the globe who have been and continue to be left behind by the fossil-fuel economy. We know that focusing on justice and sustainability, and increasing clean energy access for all, will yield greater social and economic dividends.