What is the SOLshare Project?
SOLshare is a green utility company shaking up the energy scene by creating a global network of smart, distributed solar PV and storage assets. Sitting right at the crossroads of energy and transport, SOLshare’s mission is clear: boost renewables on the grid while putting more money into the pockets of 5 million electric three-wheeler drivers in Bangladesh today. Founded around 2014-2015 and based in the heart of Bangladesh, SOLshare is a climate-tech leader providing cutting-edge technology and scalable solutions through its globally recognized platform – the SOLbazaar.
Main Benefits of SOLshare
Here’s a quick snapshot of what makes SOLshare stand out:
- Empowers 5 million electric three-wheeler drivers in Bangladesh
- Creates innovative, decentralized, and dynamic electricity micro-grids
- Provides reliable, sustainable, and affordable electricity access to low-income rural communities
- Operates through a smart IoT backbone integrated with mobile financial services and secure authentication
- Offers a marketplace – the SOLbazaar – with 4 synergistic business lines
- Focuses on an asset-light approach, enabling existing players to deliver better energy services
Listening to the Community
SOLshare’s solutions didn’t just pop out of thin air. They were built by closely listening to potential customers and really understanding what they expect from the product. This approach has been key to bridging the energy gap and adapting services to meet changing market needs. It’s about more than just technology – it’s about people, their challenges, and how to make energy work better for them.
Innovating for Vulnerable Communities
At its core, SOLshare pushes boundaries to innovate and create technology that serves vulnerable communities. Sustainability and climate action aren’t just buzzwords here; they’re baked into every project and partnership. The vision? To provide these communities with access to awesome energy services that truly make a difference in their daily lives.
From Energy Access to Energy Services
What started as an energy access company has evolved into a full-fledged energy service provider. SOLshare has expanded its focus from household energy challenges to tackling mobility energy challenges as well. This shift reflects a smart, forward-thinking strategy that leverages technology to empower existing players and create future-proof energy infrastructures.
Project Impact and Sustainable Development Goals
- SDG 7: Affordable and Clean Energy – by providing sustainable electricity access
- SDG 9: Industry, Innovation, and Infrastructure – through smart IoT and innovative micro-grids
- SDG 11: Sustainable Cities and Communities – by supporting rural electrification and mobility
- SDG 13: Climate Action – focusing on renewable energy and reducing carbon footprints
- SDG 1: No Poverty – empowering low-income communities with affordable energy
The SOLbazaar Marketplace
The SOLbazaar is more than just a marketplace; it’s a dynamic platform that integrates four business lines, each complementing the other. This synergy is powered by a strong IoT backbone, mobile financial services, and secure authentication, making it a future-proof solution for energy infrastructure. It’s a smart, scalable ecosystem designed to adapt and grow with the market’s evolving needs.
