Cyber Security

Unergy: How a platform permits anybody to spend money on and eat clear power

Now that the Cisco International Downside Solver Problem 2022 winners have been formally introduced, you’ll wish to study extra about every profitable group and the story behind every innovation. The Cisco International Downside Solver Problem is a web based competitors that awards money prizes to early-stage tech entrepreneurs fixing the world’s hardest issues. Since 2017, the competitors has awarded $3.25 million USD to 78 start-ups from 25 nations.

We’re excited so that you can study extra in regards to the 2022 profitable groups addressing a few of the largest challenges we face by way of technology-based options.

In response to the rising urgency to reverse local weather change, we launched 5 new Local weather Affect and Regeneration prizes totaling $300,000 USD. These prizes acknowledge options that may scale back or take away greenhouse fuel (GHG) from the atmosphere or regenerate depleted ecosystems.

Unergy logoMeet Unergy, a start-up based mostly out of Colombia that received a $50,000 USD Local weather Affect & Regeneration Runner-Up Prize. Their resolution assists corporations and organizations that wish to convert to wash power, however discover it cost-prohibitive, by offering a simple platform for them to attach with buyers who’re wanting to fund clear power initiatives in growing markets.

I sat down with Eduardo Ospina, the CEO and co-founder of Unergy, and Natalia Isaza, Unergy’s Chief Content material Officer. They shared how they’re making an attempt to democratize the struggle towards local weather change, how Unergy thrived through the pandemic, and their ardour for marrying expertise and sustainability.

What downside is your expertise resolution making an attempt to resolve? Are you able to clarify how the answer works?

Eduardo: I believe the most important work for humanity proper now could be the struggle towards local weather change. At present, the world wants greater than $2.4 trillion of funding into clear power to keep away from a local weather catastrophe. Nevertheless, even with all of the work that’s being completed all over the world at this time, the present degree of funding solely quantities to about 30 % of that quantity.

We’ve got seen that, in Latin America, and in different rising markets, there’s a large necessity for liquidity to finance clear power initiatives. For instance, photo voltaic power has a excessive return fee and good metrics to develop into a actuality, however organizations have been unable to afford it. Steadily, corporations that say they wish to spend money on clear power discover that funding prices are too excessive.

Then again, we see lots of people like us at Unergy which have the liquidity and the need to finance clear power initiatives, however don’t have a simple technique to do it. So, Unergy joins these two totally different teams to resolve the issue by connecting organizations who wish to spend money on clear power with folks to place cash into their initiatives. It permits us to democratize and decentralize power. For instance, with Unergy, somebody situated in the USA or elsewhere will be capable to spend money on clear power initiatives for corporations in Latin America or in different rising markets.

Natalia: By our expertise, we permit any particular person to be part of supporting power transformation all over the world. We permit the chance for folks to spend cash on clear power not simply in Colombia, however all over the place.

Eduardo Ospina and Natalia Isaza from Unergy
L to R: Eduardo Ospina, the CEO and co-founder of Unergy, and Natalia Isaza, Unergy’s Chief Content material Officer.

What impressed you to develop this resolution?

Eduardo: I began the corporate with my two companions, Nicolás and Paola. We began Unergy as a result of we had been making an attempt for some years to promote photo voltaic power to corporations, however we finally realized that the most important barrier—and the most important necessity—for clear power is financing. From there, we determined that reasonably than promoting clear power merchandise, we might assist finance them and assist join others who wish to finance clear power with corporations that want the cash.

We’re a pandemic firm. We had been engaged on the thought a few yr beforehand, however we formally began in March 2020 simply when the pandemic started. That ended up being an excellent factor. Earlier than the pandemic, corporations used to have extra liquidity for initiatives and didn’t suppose rather a lot about several types of monetary group. For the reason that pandemic, corporations have began to actually take into consideration how they will save and the way they might be extra sustainable. Unergy is the most effective match for that as a result of we’re providing financial savings. We’re providing sustainability. So, I believe it was an excellent second for us to open.

Natalia: I joined Unergy later. I used to be employed to enhance some processes in communication and advertising and marketing, and I simply actually believed within the concept. I linked with the mission and imaginative and prescient of the corporate, and I simply fell in love with the concept that we may assist present clear power to anyone.

What’s revolutionary about the way in which you’re fixing the difficulty? What units your resolution aside?

Eduardo: I believe that it’s comparatively regular for these with a lot of funding to wish to spend money on clear power. What is exclusive about Unergy is that we dream in regards to the democratization and decentralization of fresh power. For instance, in Latin America, three large gamers are the homeowners of the entire power in these nations. What’s essential to us is not only financing clear power initiatives, but additionally permitting for retail buyers and other people from all over the world to speculate.

Solar panels
Unergy needs to make clear power, like solar energy, extra accessible.

How will profitable a prize within the Cisco International Downside Solver Problem assist you advance your small business?

Eduardo: We’re increasing proper now into Brazil, and into European nations that want extra funding in clear power. The extra we broaden, we will obtain an even bigger affect, so we will probably be utilizing the entire cash on worldwide enlargement and sharing our objective of lowering the $2.4 trillion in funding wanted to fight local weather change.

What recommendation do you’ve gotten for different social entrepreneurs?

Eduardo: I believe you must cross your private motivations with the objective of the corporate. Personally, I like what I do. I like to be right here, I like to journey, and I like to dedicate my life to fixing this concern as a result of I actually do wish to make an enormous distinction on this planet. Since I used to be younger, I’ve been enthusiastic about inventing issues, about sustainability, about power and electrical energy. Then, after I was in College, I spotted that it wasn’t nearly inventing issues; it was about inventing issues with a goal and inventing issues with the ambition that it may affect the world in a really optimistic approach. I believe being an entrepreneur may be very exhausting for lots of people, however if you happen to can benefit from the challenges you must face to develop, and if you happen to can benefit from the stuff you do, it’s higher.

Natalia: In case you can combine information of the continual replace of expertise with the need to resolve social or environmental issues, you may be the most effective firm that may affect the most individuals. I agree with Eduardo that it’s essential to join your private goals with the imaginative and prescient and mission of the corporate. And if you wish to be right here and proceed right here and be motivated, you must be able to study on daily basis. I wish to do one thing for the world and for folks, and I like to attach sustainability with expertise.

Keep tuned for extra articles in our weblog collection, that includes interviews with each Cisco International Downside Solver Problem 2022 profitable group!


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