During the last quarter 2018, ENGIE’s Rassembleurs d’Energies fund invested in 2 companies specialized respectively in clean cooking worldwide and in last mile distribution of solar appliances in rural India.
In November 2018, the fund acquired a minority stake in Envirofit, an industry-leading social enterprise that develops innovative products and services increasing access to clean energy for families living in emerging regions around the globe.
Over the past decade, Envirofit has designed and delivered clean cooking solutions for households in Africa, Asia and Latin America helping them transition to cleaner cooking devices which considerably limit environmental and health impact.
In 2017, Envirofit launched SmartGas, a new service that is revolutionizing access to liquid petroleum gas (LPG). SmartGas is a leading and commercially-available SmartMeter technology provided to families allowing them to pay-as-they-cook using mobile money, simplifying and speeding up cooking while considerably reducing health hazards associated with unclean cooking solutions. ENGIE Rassembleurs d’Energies’s investment will support the scale-up of these new technologies in Kenya and in India to deploy clean state-of-the-art cooking solutions to remote populations. Read more