Sustainability, empowerment, and equity are major interlinked challenges that Power Bloom Solar is committed to addressing. These ethos are also central to the United Nations 17 Sustainability Development Goals. Here is how Power Bloom Solar and our organic solar cell (OSC) technology is paving the way towards making big impacts by addressing these goals:
SDG 1: No Poverty
Energy poverty must be addressed as a means of promoting economic development and reducing poverty. Our OSC solar technology is fit for this purpose: at scale, our solar cell devices will be the lowest cost option on the market, making our technology affordable for everyone across the globe. With the option of micro- or pay-as-you-go financing, the burden of a household’s investment in energy can be further reduced.
SDG 3: Good Health and Well-being
In reducing energy poverty, improvements in health and well-being can be impacted. Light-weight and durable solar technologies, such as our OSC's, can power small indoor devices such as life-saving medical equipment.
SDG 4: Quality Education
Through access to electricity, households can power small indoor appliances, such as lights, computers, cell phones, and other devices which are used to promote lifelong learning opportunities for all.
SDG 7: Affordable and Clean Energy
Access to affordable, reliable, sustainable and modern energy for all is a ubiquitous need. In selecting OSCs technologies, we are on our way towards manufacturing the lowest LCOE clean energy product in the market.
SDG 9: Industry, Innovation and Infrastructure
We are leading the efforts in sustainable manufacturing — while commercial solar panels need to operate for over a year to generate the same amount of energy they took to produce, the energy-pay-back-time (EPBT) of OSCs is only days. The future of clean and sustainable manufacturing includes organic electronics, and our OSC devices will be pioneers of the industry.
SDG 11: Sustainable Cities and Communities
Portable solar technologies such as our OSCs make it possible for individuals who do not have access to electric infrastructures to utilize resilient, sustainable, and safe energy sources for power generation.
SDG 12: Responsible Consumption and Production
Our OSC products are made from abundant, non-toxic, plant-based materials, and are manufactured through low-waste bottom-up manufacturing techniques. Our responsibility does not end once a product is sold; our OSC devices will be 100 % recoverable and recyclable.
SDG 13: Climate Action
Climate change is here and impacting every living thing on our planet. By developing a renewable energy technology that generates clean electricity, every person around the globe with a Power Bloom Solar product can reduce their carbon foot-print. As an company, we also take agency in our role with climate action: we have selected the lowest-carbon foot print manufacturing techniques, so that are products are sustainable during every step along the way.
SDG 17: Partnerships for the Goals
To achieve a mission as important as ours, we have created a purpose driven entity specifically designed to collaborate with the best performers across an entire value chain. Through the use of open innovation, design thinking, rapid prototyping, partnerships, alliances, and a flat nimble structure we intend to speed a lowest cost, most environmentally friendly energy solution to “those who need it most.”
To read more about the 17 Sustainable Development Goals, visit the United Nations page.
More Reading
- Sovacool, B. K., Dworkin, M. H., & Cooper, C. (2015). Energy justice and energy poverty: Problems and solutions. Energy Research & Social Science, 10, 247-252. This article examines the links between energy poverty and economic poverty, and proposes solutions for addressing energy poverty through an energy justice framework.
- Bhanot, R., & Hanemann, M. (2017). The welfare impacts of rural electrification: A reassessment of the costs and benefits. Journal of Development Economics, 126, 104-119. This study assesses the economic impacts of rural electrification in India, finding that access to electricity leads to significant economic benefits, including increased income and employment.
- Calik, H., & Tekin, R. (2020). The relationship between energy poverty and income inequality in Turkey. Energy Policy, 142, 111502. This article examines the relationship between energy poverty and income inequality in Turkey, finding that energy poverty is more prevalent among low-income households, and that energy poverty exacerbates income inequality.
- Barnes, D. F., & Floor, W. (2019). Energy poverty and household welfare in Tanzania. World Development, 122, 601-612. This study examines the relationship between energy poverty and household welfare in Tanzania, finding that access to clean energy sources leads to significant improvements in household welfare, including increased income, improved health, and increased educational attainment.