To contribute to green energy revolution in Kenya by bringing to communities modern, clean energy solutions for home based lighting incorporating new technologies that improves peoples’ standards of living, health, better the environment and eliminate energy poverty burden
SunPoynt is a leading ‘pay-as-you-go’ energy services company for off-grid customers – combining mobile payments with PAYGO product financing technology to enable the leasing of 22″ solar powered TV home systems in Kenya and rest of East Africa.
SunPoynt has innovatively combined mobile money technology and product design to enable under-served off-grid communities access three benefits i.e Tv access,in-house clean solar lighting and ability to charge phones under one plug n play product without having to pay huge upfront costs. With affordable solar powered homes systems, SunPoynt wants to “light up villages so that children can study,” parents can trade, and rural markets can thrive, despite being disconnected from national power grids. With power comes possibility and opportunity making electricity a given for all, not merely a luxury for the privileged.
SunPoynt key objective is focused on providing affordable, reliable and extensive range of quality solar energy access solutions, lighting and electronic appliances for home and small business, including smart phone charging to under-served energy communities across East Africa.
SunPoynt is disrupting the problems of energy access, helping accelerate access to news, information and education as well as eliminating kerosene use and enabling technology deployment in emerging markets.
- In East Africa, mobile phone penetration is almost ubiquitous
- 5 million households in Kenya lack access to electricity and spend $15-35 a year on phone charging.
- 25million people lack access to power which represents ~$500m/year spend on kerosene for lighting.
- This represents a huge commercial opportunity ~$500m/year
Solar power is an obvious alternative to kerosene, candles or disposable batteries which, light-for-light, cost over 100x the price of the equivalent energy in the developed world and can represent as much as 30% of the net income of rural households.
The objectives of SunPoynt’s Solar Tv system are to eliminate kerosene use for lighting and deliver clean and affordable power to enable rural Kenyans to realize opportunities and their aspirations.
It is a commercially sustainable and profitable offering, which combines a sustainable technology with a business model that is compatible with the Kenya rural economy.