Fenix International is a company working to bring electricity access to those without it in the developing world. The company offers efficient and inexpensive pay-to-own solar batteries, called ReadyPay Solar Power Systems, that provide a green and safe source of energy for people living in areas without electric infrastructure.
Fenix International currently offers its ReadyPay batteries in Uganda, with the product reportedly powering over 100,000 customers. Though that number is only a small portion of the Ugandan population, the off-grid energy system has a lot of promise as a way to power the country, since establishing infrastructure is an expensive task for a poor country.
The ReadyPay packs cost a total of 573,600 UGX, or about $160 USD, and consumers have the option to pay in daily, weekly, or monthly installments.
Pay-to-Own Solar Systems
More Stats +/-
Understated Solar Roofing
Utility-Scale Solar Batteries
Solar-Powered Lake Purifiers
Roof-Integrated Solar Panels
Eco-Friendly Power Generators
Free 2018 Report & eBook
Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book.
Our Research Methodology
This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.