SOLshare operates a peer-to-peer electricity trading platform that enables rural households in Bangladesh to share and trade solar energy, utilizing microgrid technology to enhance energy access. This system addresses the lack of reliable electricity in underserved communities, impacting over 80,000 lives and reducing carbon emissions by 2,700 metric tons.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SFounders
Product
Problem
Many rural households in developing countries lack reliable access to electricity, hindering economic development and quality of life. Existing solar home systems often operate in isolation, preventing efficient energy distribution and creating imbalances between supply and demand. This lack of energy access disproportionately affects vulnerable communities and limits opportunities for income generation.
Solution
SOLshare provides a peer-to-peer electricity trading platform that connects households with and without solar home systems, enabling them to buy, sell, and share solar energy within a community microgrid. The platform utilizes smart grid technology and mobile payment systems to facilitate secure and transparent energy transactions. By creating a decentralized energy marketplace, SOLshare empowers rural communities to optimize energy usage, reduce reliance on fossil fuels, and improve energy access for all. The SOLbazaar platform allows users to become both consumers and suppliers of electricity, fostering a more resilient and sustainable energy ecosystem.
Target Audience
The primary target audience includes rural households in developing countries, particularly those with limited or no access to grid electricity, as well as solar home system owners seeking to monetize excess energy.
Features
- Peer-to-peer energy trading platform for rural microgrids
- Mobile payment integration for seamless transactions
- Smart grid technology for optimized energy distribution
- Real-time monitoring of energy supply and demand
- User-friendly interface for easy access to energy trading
- Scalable platform for expanding microgrid networks
- Data analytics for grid management and optimization