Global Impact has partnered with San Diego-based microgrid technology company CleanSpark to establish a social sector development program that will deliver 100 percent sustainable energy to impoverished rural populations, the company said.
The partnership has established a Shared Value Global Development Framework, which defines the mission, identifies a vast network of stakeholders and sponsors, and establishes a fund that will allow impact investments to be made in projects that can produce significant and measurable positive impacts in underdeveloped regions of the world.
Under the traditional electrification model, hundreds of kilometers of transmission and distribution (T&D) infrastructure must be built in order to provide rural regions with electricity. This requires an enormous investment with long deployment timelines that result in a low potential for return. As such, rural electrification is deferred by utilities in most emerging economies.
The alternative is to deploy renewable energy microgrids that integrate distributed energy resources such as on-site renewables, legacy generators, and energy storage technology. These technologies can supply local demand by eliminating costly T&D infrastructure expenses and replacing those expenses with an energy generating and critical power asset. Microgrids are deployed much more quickly than traditional T&D infrastructure, and deliver electricity at a lower cost than traditional grid services.
Global Impact is a global philanthropy company, helping vulnerable populations by providing integrated, partner-specific advisory and secretariat services; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency, technology services and integrated giving platforms. Since 1956, Global Impact has generated more than USD 1.7 billion to help the world´s most vulnerable people.
CleanSpark offers energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. By integrating new and existing energy generation and storage assets with advanced load management capacities, CleanSpark´s software allows energy generated locally to be shared with other interconnected microgrids.