Energy in the Developing World: Power to the People
Sep 02, 2010
An article in The Economist explores a range of innovative business models aimed at supplying energy to low-income areas through bottom-up, entrepreneur-based approaches, highlighting Iqbal Quadir's energy project as an example.
by The Economist staff
[…] Emergence BioEnergy takes this approach a step farther. Its aim is to provide many entrepreneurial opportunities around energy production, says Iqbal Quadir, the firm’s founder, who is also director of the Legatum Centre for Development & Entrepreneurship at the Massachusetts Institute of Technology (MIT). A cattle farmer in a small village in Bangladesh might, for example, operate a one-kilowatt generator in his hut, powered by methane from cow manure stored in his basement. He can then sell surplus electricity to his neighbours and use the waste heat from the generator to run a refrigerator to chill milk. Read more at Economist.com >>