Solshare is an innovative startup that creates mini power grids for small villages that may not have easy access to more conventional forms of energy. Based primarily in Bangladesh, the startup's "aim is to create efficient and dynamic local energy markets that empower households and encourage solar entrepreneurism,” says managing director of Solshare, Sebastian Groh. The driving tech behind this startup's innovation lies in the use of solar panels and the already existing idea of energy sharing between neighbors.
Focusing on this idea of energy sharing, Solshare built a series of tech items that better leverage this idea while incorporating solar energy. Essentially, Solshare allows owners of solar panes to sell power. Both the buyer and seller have their energy monitored with a specific power meter and can make and receive payments via a mobile app.
Key Themes Behind This Trend
- Mini Power Grids
- Disruptive innovation opportunity: Developing affordable and scalable mini power grid solutions for small villages.
- Local Energy Markets
- Disruptive innovation opportunity: Creating efficient and dynamic local energy markets that empower households and encourage solar entrepreneurism.
- Energy Sharing
- Disruptive innovation opportunity: Designing innovative tech solutions that enable efficient and secure energy sharing between neighbors.
Where This Applies
- Renewable Energy
- Disruptive innovation opportunity: Integrating solar power systems and mini power grids into renewable energy solutions.
- Smart Grid Technology
- Disruptive innovation opportunity: Developing advanced power metering and monitoring systems for efficient energy transactions in local energy markets.
- Fintech
- Disruptive innovation opportunity: Building mobile payment platforms and applications for seamless and secure energy transactions between buyers and sellers.
