Nuru Energy

{{EngvarB|date=March 2015}}

{{Notability|Org|date=July 2022}}

{{Use dmy dates|date=April 2025}}

{{Infobox organization

| name = Nuru Energy

| logo =

| type = Social enterprise

| founded_date = 2008

| founder =

| location = Kigali, Rwanda

| origins =

| key_people =

| area_served = Africa
India

| product = LED lamps and recharge systems

| focus = Bottom of the pyramid

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| homepage = [http://nuruenergy.com/ Homepage]

|slogan = Energy to Empower}}

Nuru Energy is an international social enterprise which is working to address the global problem of energy poverty and climate change in Africa and India. This is through the distribution of affordable LED lamps that are recharged using a simple to use human powered generator that is more efficient than current solar.{{Cite web |title=Nuru Energy – About us |url=https://nuruenergy.org/about-us/ |accessdate=2023-10-29 |publisher=Nuru Energy}}

Nuru Energy's business model uses a unique distribution strategy to sell its products indirectly to rural customers through micro-franchise entrepreneurs who are equipped and trained by the company and financed through Kiva.{{Cite web|last=Africa Impact Group|date=16 March 2015|title=Social Business Case Studies: Nuru Energy|url=http://impactnexus.org/?p=11115|access-date=5 April 2015|website=Impact Nexus|publisher=inAfrica}}{{Cite web|url = http://www.kiva.org/partners/271|title = Partner: Nuru Energy|accessdate = 2015-04-05|publisher = Kiva}}

Focus

Nuru Energy aims to eradicate the use kerosene lamp from Africa through provision of LED lamps to the bottom of the pyramid markets that cannot afford other alternative solar lighting source due to their high cost.{{Cite web|last=Schlussel|first=Adeena|date=16 August 2011|title=For Nuru, Energy Applies to Products and Microfranchises|url=http://nextbillion.net/blogpost.aspx?blogid=2437|access-date=30 March 2015|website=Next Billion}} This switch from kerosene use would lead to reduction in global carbon emissions leading to the firm earning carbon credits.

This Clean Development Mechanism project led to the firm partnering with Bank of America Merrill Lynch in 2011,{{Cite web|url = http://newsroom.bankofamerica.com/print/node/1248|title = Scaling up LED Lighting in Sub-Saharan Africa through Carbon Finance and Microfinance|date = 2011-02-23|accessdate = 2015-04-05|website = Bank of America Merrill Lynch|publisher = Bank of America|archive-url = https://web.archive.org/web/20150411074604/http://newsroom.bankofamerica.com/print/node/1248|archive-date = 11 April 2015|url-status = dead}} in a deal that would see the investment bank purchase carbon credits from Nuru Energy for a period of 10 years.{{Cite web|url = http://www.businessdailyafrica.com/Corporate-News/Carbon-credits-deal-lights-up-energy-project-/-/539550/1218868/-/hnbnci/-/index.html|title = Carbon credits deal lights up energy project|date = 2011-08-14|accessdate = 2015-03-30|website = Business Daily Africa|publisher = Nation Media Group|last = Brocklehurst|first = Jayne}}

See also

References

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Category:Renewable energy policy

Category:International sustainability organizations

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