When the India Times’ Economic Times asked Why India’s clean tech sector is attracting US, Europe and Asia Pacific entrepreneurs, our very own Chris Hamman was on hand to tell them. ”India represents the perfect storm of progress to be made in the Energy sector along with brains and industrial brawn to make the most of it,” said Chris.
Read the full article here.
We are pleased to announce that Waste2Watts has been accepted as a member of the Energy for All Partnership, an organization aiming to provide energy access to 100 million people in Asia and the Pacific Region by 2015. Learn more about this terrific organization here:
Our team is passionate about Waste2Watts because of the potential we have to make real and positive changes in the world, using a for-profit business model. It is important for us that we are able to both understand and quantify the triple bottom-line benefits of our business.
Recently, students from Columbia University’s Columbia Impact Investing Initiative (CI3) undertook a consulting project for Waste2Watts, undertaking a study of social and environmental impact metrics. According the CI3’s founders, Impact Enterprises are those ventures that implement market-based solutions in areas where previously market failures prevailed.
What did these students find? Every 1,000 ENZI units we sell to energy-poor consumers in emerging markets will have the following impacts:
- US$1.3 million in financial savings for consumers, compared with other UPS offerings;
- US$1 million in revenue losses avoided;
- 28,400 hospital patients whose treatment will no longer be interrupted by blackouts; and
- 1,800 lbs of electronic waste diverted from landfill and repurposed.
At present, we are working to understand in detail the lifecycle greenhouse gas implications of repurposing electronic waste in the production of the ENZI.
Thanks very much to our friends at CI3 for their help. Learn more about CI3 here: http://sipanetimpact.wordpress.com/2011/04/18/introducing-ci3-impact-investing-at-columbia-university/
Waste2Watts has been a long time in the making, and we know first-hand how hard it is to develop social entrepreneurship ideas. For this reason, we are pleased to be working with AnaGenesis, a new organization that creates opportunities for young entrepreneurs. We are pleased to be taking several student interns with us to India to assist with our field work in December and January.
We will be sharing more about who these interns are and what we will be doing in India in the coming weeks. In the meantime, learn more about AnaGenesis and our partnership here: http://www.microdinero.com/nota_eng.php?subseccion=1100&ssubseccion=1101¬Id=4315
Learn more about AnaGenesis here:
The availability of cheap electronic appliances and computers have brought many benefits to many people. However, an unintended consequence of this proliferation has been the generation of enormous amounts of electronic waste. According to the EPA, over 4 million tonnes of toxic eWaste ends up in landfill every year. Fortunately, great companies like Metech take eWaste and carefully disassemble it so that valuable components are reclaimed for reuse, and toxic waste is disposed of appropriately.
This week, Chris joined students from WPI’s Great Problems Seminar Project on a visit to Metech’s Worcester Recycling Facility. Jim Gardner, Director of Business Development for Metech gave the group an overview of the operations, a tour of their facility, and pledged to donate electronic waste for our pilot in India this winter. Thanks Jim, and thanks Metech!
The second stop on our trip to India will be to the TiE Entrepreneurial Summit in Bangalore on December 15-16. This is a massive conference bringing together entrepreneurs from a range of industries, which should be fascinating, with a strong focus on India (of course!). Let us know if you will be there too.
It seems like there is great news arriving into the Waste2Watts ‘Boston office’ every day right now. We will have several members of our team on the ground in India through December and January to meet potential investors, distributors, employees and clients as we prepare to launch our operations in India next year, with lots of great events along the way.
The first thing we are very pleased to announce is that Chris will be representing Waste2Watts as a keynote presenter at the New Ventures India Investor Forum in Mumbai on December 12. This is an amazing honor for us, as some of the world’s most respected social enterprise investors will be in the audience.
We will have more exciting news to share in the next few days….