Invest in solar energy today - Make an impact and get return on investment by Trine


Energy poverty is a critical issue for 1.2 billion people in remote communities around the world. To meet basic needs – cooking, lighting – kerosene and diesel are commonly used. Both of which are moreexpensive and hazardous to both health and the environment. Consider this: According to the World Health Organization, 4.3 million people each year die prematurely from illness attributable to the household air pollution caused by the inefficient use of solid fuels for cooking.
 
“Electricity changes everything.” That’s the tagline of TRINE, a clean-tech start-up and Nordic Climate Solver honoree. Local small scale solar installations offer the potential to replace kerosene and other dirty fuels in areas that have little prospect of gaining access to other energy sources. And solar energy is a cheaper, healthier and readily available solution. But the upfront costs are too high for the local community. That’s where TRINE comes in. Using crowdinvesting, the company helps people to support solar energy projects while also delivering a return on investment. But in the future, TRINE will offer more standard commercial approaches to funding projects. 
 
TRINE democratizes the finance of solar energy and creates a new for-profit business model that serves as a virtuous circle. By showing how easy it is to do good – and at the same time earning  money on the investment – more people will be able to do good.  The foundation of TRINE’s approach is its digital platform that allows the company to target a new set of investors who tend to be younger and motivated by positive social impact. With the return on investment being a bonus, but not a “must have.” Investment amounts typically range from 500 euro to up to 10,000. In time, as the approach matures, TRINE will also approach more traditional investors.
 
As part of their value proposition, TRINE possesses a rigorous due diligence process and carefully vets potential projects to offer sound investment opportunities for their customers. 

TRINE’s business model leverages environ­mental benefits to a maximum. How? By replacing dirty kerosene and diesel generators with environmentally sound photovoltaic solutions in regions with high solar yields.  And if the model gains widespread adoption to 15% of the target group, it has the potential to deliver energy access to 48 million people and save 3.7 million tons of CO2 emissions annually by the year 2026.

TRINE’s first pilot project involved a mini-grid installation in Sidonge, Kenya. Mini-grids are modular solutions that make installation easier and more cost effective. To date, TRINE has signed contracts for projects in Kenya, Uganda and Tanzania. With a large pipeline of solar entrepreneurs in emerging markets teed up for future consideration. 

TRINE was founded by Sam Manaberi (CEO), Andreas Lehner (COO), Christian Genne (CTO) and Christoffer Falsén (CFO). Since the start 2015 the team has expanded: Hanna Lindquist (Customer Growth & Communications), Peter Edström (UX Designer), Niclas Sahlin (Front End-developer.)

"With as low as €25 you can literally save the world. By allowing everybody to invest in solar, TRINE enables people to be climate solvers in their everyday life. Because doing good should be easy and rewarding.” Sam Manaberi, Founder & CEO, Contact +46 76 191 53 28

Company facts

Name:

TRINE

Business:

Using a unique crowdinvesting platform, TRINE finances solar energy projects which provide remote communities with electricity. The crowdinvesting platform makes it easy for people to contribute to positive social and environmental impact, while also earning a return on investment. 

The climate innovation:

Crowdinvesting platform. Make an impact and get return on investment

Climate Effect:

If the model gains widespread adoption to 15% of the target group, it has the potential to deliver energy access to 48 million people and save 3.7 million tons of CO2 emissions annually by the year 2026.

Founded in:

2015

Key persons:

Sam Manaberi, Founder & CEO

Homepage:

https://www.jointrine.com

Contact

sam@jointrine.com
+4670 430 64 71
 

 

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