Intellsol Develops Energy Transition Accelerator Model to Deploy Photovoltaic Residential Technologies
Intellsol Energy Solutions (“IntellSol”), a Geneva-based company, has developed the Energy Transition Accelerator Model (ETAM model), to enable access to clean energy technologies in emerging markets while supporting corporations and governments of industrialized economies to achieve their sustainable development goals.
The ETAM model has been designed for the deployment of solar home systems at scale, to fight energy poverty and accelerate the energy transition by connecting various stakeholders into a unique ecosystem. Under this new business model, households get access to solar home systems and free electricity in exchange for using all available rooftop space, and corporations benefit from long-term sourcing of high-quality ETAM certificates with measurable impact on sustainable development goals.
ETAM certificates are priced with reference to the attributes and benefits of distributed energy projects by allocating value to clean energy produced, carbon dioxide emissions avoided, and the positive social and economic impact generated, using a value-based pricing approach. ETAM certificates are issued using blockchain technology and are independently validated. Projects under the ETAM model are structured under long-term private purchase agreements.
The first pilot project in Ghana under the ETAM model – currently under development – is expected to power 3,000 households in Greater Accra, generate more than 1,000 direct and indirect jobs, produce 35 million kWh of clean energy per year, and may avoid no less than 15,000 tons of carbon dioxide emissions per year. In addition, the ETAM pilot in Ghana is expected to directly benefit more than 10,000 people and create the conditions for better education, life quality, and economic development and growth.
David Ramirez, CEO of Intellsol said, “ETAM provides a new solution to address the barriers and constraints for deploying PV residential technologies in emerging markets, such as economic, behavioral, technology, and country drivers because our model enables value co-creation.
In Africa, penetration rates of PV photovoltaic residential technologies are low because the existing models do not provide the right incentives to adopt, and the fundamental reason goes down to individual expectations and economic incentives, such as individual’s affordability levels for the significant upfront investment”.
Mr. Ramirez further explained,” The core of the ETAM idea is to promote an efficient model to generate SURPLUS electricity from households and commercial rooftops and make green electricity accessible in the areas where it is still a privilege.
“Our ETAM model is a scalable solution that brings environmental, social, and economic impact across the locations where it is implemented. Our vision is to enable clean energy access while fostering climate change real impact, by deploying solar home systems and mobilizing private capital at scale.”.