|Market segment||Clean Cooking, Distributor of Modern Energy Systems|
|Total investment volume||€1.5 million|
More than 80% of households in sub-Saharan Africa experience the negative impacts of relying on traditional sources of cooking fuel. African Clean Energy (ACE) has developed a sustainable alternative: a solution that combines the positive impact of a cookstove with the PAYG business model and the basic features of a solar home system.
The family-owned company is best known for the ACE One, a hybrid cookstove that runs on any type of biomass. The device symbiotically pairs thermal and electric generation, using a solar-charged battery to provide electricity access and power the ventilator needed for clean biomass combustion. Besides saving an average of 83% on energy expenses and minimising harmful indoor air pollution, the product enables users to power lights, charge appliances and stay connected. The smart system, including a mobile phone with an integrated app, can be purchased using a flexible micro-loan, allowing customers to pay via energy cost savings achieved and earn back their initial investment within six to nine months. ACE’s drive for impact is also reflected in operations. The company maintains a 50% gender split in their workforce, and a 20% ratio of jobs held by individuals with disabilities in their environmentally-neutral factory.