Dave Savastano12.23.11
Business Weekly, a Cambridge-based technology business magazine has named Eight19 as one of 21 Cambridge technology companies to watch in 2012. The so-called “golden generation” of 21 companies are all predicted to buck the trend of European macro-economic gloom allowing the world to benefit from their innovative technological advances.
Business Weekly said, ‘Eight19 is revolutionizing the quality of life for people in the Third World. Those in poverty often pay the most for basic needs....[their] revolutionary IndiGo pay-as-you-go solar power combines mobile phone and unique solar technology to create a clean ‘virtual grid’ where users pay for their energy as a service. In Kenya, Zambia and Malawi, IndiGo provides solar power at half the weekly cost of the kerosene it replaces, yet is profitable without the need for government support or subsidy, bringing 21st century technology to remote rural communities.’
“We are thrilled to have been given this recognition by Business Weekly, which comes shortly after receiving a similar accolade from GP Bullhound, and our plans for the commercial roll-out of our IndiGo system in 2012 across the Indian sub-continent and Africa will hopefully see their prediction materialise into a reality for many of the people currently living off-grid,” Simon Bransfield Garth, CEO of Eight19, said.
Business Weekly said, ‘Eight19 is revolutionizing the quality of life for people in the Third World. Those in poverty often pay the most for basic needs....[their] revolutionary IndiGo pay-as-you-go solar power combines mobile phone and unique solar technology to create a clean ‘virtual grid’ where users pay for their energy as a service. In Kenya, Zambia and Malawi, IndiGo provides solar power at half the weekly cost of the kerosene it replaces, yet is profitable without the need for government support or subsidy, bringing 21st century technology to remote rural communities.’
“We are thrilled to have been given this recognition by Business Weekly, which comes shortly after receiving a similar accolade from GP Bullhound, and our plans for the commercial roll-out of our IndiGo system in 2012 across the Indian sub-continent and Africa will hopefully see their prediction materialise into a reality for many of the people currently living off-grid,” Simon Bransfield Garth, CEO of Eight19, said.