Namibia - Business creation project

Describe your project or startup in a few words

Home Energy Storage Inverter. This innovative product not only efficiently stores the power generated by solar energy but also provides a stable and reliable backup power supply in the event of a grid outage. It's a perfect energy solution for your home.

01.01 Describe your project in more detail

"In a rapidly changing world, the only constant is the need for stable energy in the home. The Home Energy Storage Inverter makes that stability a reality." · Green: Solar charging, reduced carbon emissions, efficient energy use. · Intelligent Operation: One-button switch, infrared sensing, real-time LED screen display, simplifying user operation. With the advancement of technology, there is an increasing demand for intelligent and personalized energy management in the home, a demand that the Home Energy Storage Inverter is poised to meet. The Home Energy Storage Inverter, with its intelligence and flexibility, becomes a powerful assistant for home energy management, enhancing the quality of life and leading the new trend in smart homes. No matter how chaotic the outside world may be, the Home Energy Storage Inverter can always provide you with a warm and stable home environment. "Let the Home Energy Storage Inverter be your home's energy manager. Your smart life starts here."

01.02 What is the main problem you are trying to solve?

In many African countries, including Zambia and South Africa, load shedding is a significant issue that affects households, businesses, and communities. Load shedding refers to the intentional, scheduled interruption of electricity supply to prevent the total collapse of the power grid. This results in frequent and often unpredictable power outages, disrupting daily life, economic activities, and essential services.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Primacy Energy's solutions offer significant benefits that address the challenges posed by load shedding and unreliable power supply. By ensuring reliable power, reducing costs, promoting sustainability, enhancing quality of life, and leveraging technological innovation, we provide comprehensive energy solutions that meet the needs of households, businesses, and communities in Zambia, South Africa, and beyond.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

Primacy Energy's project is aimed at serving a diverse range of beneficiaries, from individual households to large enterprises and community organizations. By addressing the specific energy needs of these groups, our solutions provide reliable, cost-effective, and sustainable energy, improving the quality of life, supporting economic activities, and promoting environmental sustainability across Africa.

01.05 When did you start working on your project?

2024-01-18

01.06 How many other partners are associated with your business venture?

2

01.07 Among the other partners, how many are female?

1

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

David Mbudhi Position: Co-Founder and Chief Technical Officer (CTO) Skills: Renewable Energy Systems: Extensive knowledge in designing and implementing solar, wind, and other renewable energy systems. Technical Expertise: Strong background in electrical engineering, focusing on energy storage, inverter technology, and power systems. Endeline Erkana Position: Co-Founder and Chief Operations Officer (COO) Skills: Operations Management: Expertise in managing day-to-day operations, optimizing processes, and improving operational efficiency. Strategic Planning: Strong ability to develop and implement strategic plans to drive business growth and achieve company objectives.

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

By providing reliable and affordable energy solutions, we help reduce energy poverty, enabling economic opportunities and improved living conditions for disadvantaged communities.

02.02.01 My project contributes to the Zero hunger goal

6

02.02.02 Zero hunger - Justification

Our energy solutions power irrigation systems, cold storage, and processing facilities, enhancing food production and reducing post-harvest losses.

02.03.01 My project contributes to the Good health and well-being goal

6

02.03.02 Good health and well-being - Justification

Ensuring continuous power supply to healthcare facilities improves the quality of medical services and access to essential health equipment, especially in rural areas.

02.04.01 My project contributes to the Quality education goal

5

02.04.02 Quality education - Justification

Providing stable electricity to educational institutions enables better learning environments, access to digital resources, and uninterrupted study times.

02.05.01 My project contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification

By reducing the time women spend on household chores through reliable energy and supporting women-led businesses with sustainable energy solutions, we promote gender equality.

02.06.01 My project contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification

N/A

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Our core mission is to provide affordable, clean, and reliable energy through solar and other renewable sources, directly addressing the need for sustainable energy for all.

02.08.01 My project contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification

By expanding our operations, we create jobs in the renewable energy sector and support local economies. Reliable energy also enables businesses to thrive, fostering economic growth.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

We develop and deploy cutting-edge energy technologies and infrastructure, promoting industrial growth and innovation.

02.10.01 My project contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification

By focusing on underserved and rural communities, we help reduce inequalities in energy access and economic opportunities.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Our community microgrids and sustainable energy solutions contribute to building resilient and sustainable urban and rural communities.

02.12.01 My project contributes to the Responsible consumption and production goal

3

02.12.02 Responsible consumption and production - Justification

N/A

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

By replacing fossil fuel-based energy with renewable sources, we help mitigate climate change and reduce greenhouse gas emissions.

02.14.01 My project contributes to the Life below water goal

2

02.14.02 Life below water - Justification

N/A

02.15.01 My project contributes to the Life on land goal

6

02.15.02 Life on land - Justification

Promoting renewable energy reduces the need for land-intensive fossil fuel extraction, preserving natural habitats and biodiversity.

02.16.01 My project contributes to the Peace justice and strong institutions goal

5

02.16.02 Peace justice and strong institutions - Justification

By providing reliable energy, we support stable and prosperous communities, which can contribute to social stability and stronger institutions.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

We partner with local governments, NGOs, and other stakeholders to promote sustainable energy solutions and achieve shared goals for sustainable development.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

4

05.02 The product/service we envision creating represents an entirely new type of product/service.

4

05.03 The product/service we envision creating could be described as a new technology.

4

05.04 The product/service we envision creating is an improvement on an existing product or service.

1 - Strongly Disagree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

3

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

3

05.07 The product/service we envision creating is a new version of an old product/service.

2

05.08 Justification

ur product not only provides power during outages but also optimizes energy usage through smart technology, real-time monitoring, and easy-to-use controls. We develop localized energy networks that enhance energy resilience and independence for communities, reducing their reliance on the national grid.

05.09 Who are your main potential competitors and what makes you stand out from them?

Our main competitors are Schneider Electric, Siemens, Tesla Energy and SunPower. While our main competitors are established companies with strong capabilities in the energy sector, Primacy Energy stands out through its focused approach on African markets, integrated and intelligent energy management solutions, commitment to social and economic empowerment, environmental sustainability, and a customer-centric approach. These differentiators enable us to effectively address the specific needs of our target markets, providing reliable, affordable, and sustainable energy solutions that improve the quality of life and drive economic growth in underserved regions.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes. Support the formation of cooperatives led by women to manage and distribute energy within their communities. Provide microfinancing options to help women start or expand their small businesses when the business expands.