SPE Executive Advisor Michael Schmela (left) called SolarWorX business model 'a clever clean energy solution using solar and digital technology to address the needs of more than 1 billion people living without electricity.' SolarWorX CEO Felix Boldt (right) received the first Digital Solar & Storage Start-Up Award instituted by SolarPower Europe. The prize money of €5000 was sponsored by Enerparc. (Photo Credit: SolarPower Europe)
- SPE has announced SolarWorX as the winner of its Digital Solar & Storage Start-Up Award that it announced in September 2018
- SolarWorX was selected by the conference audience at SPE's Digital Solar & Storage Conference after it was shortlisted by the jury with 3 other start-ups to present their business ideas
- The German off-grid company designs and manufactures scalable, modular solar power solutions to provide direct and clean access to energy for off-grid population with a focus on sub-Sahara Africa
SolarPower Europe Institutes New Award For Venture Capital Backed Early Start-ups In Digital Solar & Storage Space With €5,000 Prize Money; Application Open Until Oct. 31.
(24. September 2018)
Germany based off-grid solar energy start-up SolarWorX is the first recipient of the Digital Solar & Storage Start-up Award instituted by European solar lobby association SolarPower Europe (SPE).
In September 2018, SPE announced instituting this award for venture capital backed early start-ups in digital solar and storage space offering a prize money of €5,000 ($5,890) (see New Digital Solar & Storage Start-up Award).
Around since 2017, SolarWorX works on a business model of B2B sales to local distribution partners with a focus on sub-Sahara Africa, designing and manufacturing scalable, modular solar power solutions to provide direct and clean access to energy for the off-grid population.
The company uses pay-as-you-go solar home and business solutions including irrigation pumps to replace fossil fuel usage in off-grid markets. SolarWorX is also working on a DC micro grid extension module that will enable connecting existing devices with each other to form a micro grid, thereby improving efficiency, productivity, and allowing energy trading amongst villagers.
SPE Executive Advisor Michael Schmela lauded the idea calling it a clever, clean power solution based on solar and digital technology to address the needs of more than 1 billion people living without electricity.
SolarWorX won the award at a ceremony, sponsored by Enerparc, in Munich at SPE’s Digital Solar & Storage Conference on December 4 and 5, 2018. It beat 3 other start-ups, EasySolar, ReVolta, Singulair, with its business idea to win the award. These 4 companies had been shortlisted by a jury to present their business ideas from over 20 applicants after conference audience subjected them to Q&A.
“We didn’t expect to win this competition since the focus was quite strong on European topics, so we are even more honoured to have received it. It was great to see that people in Europe care so much about African topics as well. We fight for seeing a young generation of Africans growing up in the presence of solar energy as their primary source of energy. The energy transition is global,” said SolarWorX CEO Felix Boldt.