National First prize winner

Homefort Energy

Switching Africa's poor from dirty fuel to cooking gas

Pitch

According to Global Alliance on Clean Cookstoves, 92 percent of Nigerians (who live on less than €2.5 per day) largely cook with dirty fuels .At Homefort Energy, we are changing this narrative by switching low income households to cooking gas using digital innovations and pay-as-you go model.

In order to serve poor households with cooking using ‘paygo’ model, we developed a proprietary smart meter. These meters are retrofitted to cylinders.

To onboard a low income customer to cooking gas, she makes a down payment of €10 and we give her cooking gas startup kit. The startup kit is prefilled with gas, but the customer can prepay for gas in micro-units of as low as 40 cents per time using her phone.
When the unit bought is exhausted, the meter locks in the gas within the cylinder until a new account is bought. Because the meter is IoT enabled, we remotely monitor the customers’ gas volume left. We deliver fresh pre-filled cylinders to customers before they run out of gas

Quick facts

  • 2019 Participant
    Year of participation
  • Solutions for Emerging Markets
    Theme
  • Nigeria
    Country
  • € 2.3k
    Revenue
  • 1
    Teamsize
  • 120
    Customers

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Team

  • 1) Opeyemi Owosho (CEO); 2) Nduka Okpabi (Full Stack Engineer); 3) Godwin Okonkwo (Embedded Systems Engineer); 4) Funmi Falola (Sales Manager)

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