- Bboxx has been awarded Gold Standard certification for carbon credit programmes based on solar home systems, clean cooking alternatives, and solar-powered water pumps
- Implementation of carbon programmes allows Bboxx to accelerate market growth potential by reaching over 4 million customers in five African countries
- With its multiple technologies, Bboxx is leading the way in the green energy space and is scaling its operations across Sub-Saharan Africa, and the scheme is expected to offset more than 20 million tons of CO2
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Kigali, 25 September 2024 – Bboxx has been awarded Gold Standard certification for its clean energy projects in five African countries, marking a significant step in the fight against climate change and energy poverty as well as accelerating market growth potential.
Bboxx is a data-driven super platform, transforming lives and unlocking potential by connecting consumers and deploying innovative products across Africa, as well as building the resilience of communities.
The certification is novel because it covers a diverse portfolio of clean energy solutions, including solar home systems, PAYGO clean cooking solutions, and solar-powered water pumps. The projects have already delivered substantial emissions reductions and are each expected to generate up to 60,000 carbon credits annually, offering a scalable model for sustainable development.
The programme covers Bboxx’s operations in multiple African countries including Rwanda, Kenya, Nigeria, Togo, and the DRC. In total, the projects are expected to offset more than 20 million tons of carbon emissions, generating USD$100 million worth of carbon credits and impacting the lives of over 4 million Bboxx customers.
The Gold Standard is a voluntary carbon offset programme focused on progressing the United Nation’s Sustainable Development Goals (SDGs) and ensuring that projects benefit their neighbouring communities. The Gold Standard is applied to voluntary offset projects with a focus on projects that provide lasting social, economic, and environmental benefits.
Anthony Osijo, Chief Executive Officer of Bboxx, said: “Bboxx is leading the way in the delivering a range of clean energy solutions. It is our mission to accelerate clean energy access and adoption and, as well as products and services, the deployment of carbon credits will enable more capital to flow into this crucial part of the energy transition in Africa.
“This Gold Standard certification solidifies Bboxx’s position as a leader in decentralised clean energy, showcasing the company’s dedication to innovation, social impact, and environmental stewardship as well as meeting and surpassing the rapidly evolving expectations of our consumers.
“It’s our responsibility to commit to scalability and ensure we’re providing more people with access to innovative solutions which will build the resilience of communities on top of being a significant market opportunity.”
Bboxx’s clean cooking programme enables families to access safer cooking fuels while paying for only the energy they use. Investing in this carbon off-setting programme will create annual credits by replacing traditional cookstoves with efficient LPG stoves.
Bboxx’s Solar Home Systems will also create additional carbon credits each year. Solar Home Systems revolutionise the lives of families and small businesses located in remote and peri-urban areas in Africa. These systems allow more people to access renewable energy that can be used to power their homes and charge electronic devices, and businesses also benefit from these Solar Home Systems as they enable them to carry out tasks beyond daylight hours.
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Notes to Editors
About Bboxx:
Bboxx is a data-driven super platform, transforming lives and unlocking potential by connecting consumers and deploying innovative products across Africa.
Headquartered in Rwanda, Bboxx is championing the economic empowerment of Africa, accelerating the transition to the digital economy, and creating new markets. We have built Bboxx Pulse®, a fully integrated operating system, and combined it with an extensive on-the-ground network to connect customers with clean energy, clean cooking, smartphones, e-mobility and selected financial products – many for the first time.
We are connecting both underserved rural communities and aspiring urban ones with a highly convenient and affordable way to access life-changing solutions, through last mile logistics and data-powered innovative financing methods. We offer our services on a pay-as-you-go basis to households, businesses, and communities, enabling African consumers to unlock their potential.
We build strategic partnerships with investors, utilities providers, global companies, and governments to accelerate growth and provide a wide range of products to consumers in Africa. Our partners are seizing a massive market opportunity by plugging into Bboxx – developed through green tech and big data and designed for scale.
Following the successful acquisition of solar energy frontrunner PEG Africa in 2022, Bboxx is now positively impacting the lives of more than 3.9 million people in 10 operating markets, directly contributing to 12 of the 17 United Nations Sustainable Development Goals. Bboxx and its group of companies is one of the largest networks in Africa, with over 4,000 staff across Africa and offices in the UK and Asia.
For more information about Bboxx please visit bboxx.com and follow us on social channels LinkedIn and Twitter.
For more information please contact:
Bboxx / Impact and Influence
Email: bboxx@impactandinfluence.global
Contact:
Nicholas Moore
nicholas@impactandinfluence.global
+44 7527 695154
Megan Ratcliffe
megan@impactandinfluence.global
+44 7532 102175
