Why is the BioLite HomeStove revolutionary?
“The design of the BioLite HomeStove addresses both the challenge of traditional cookfires and a broader set of energy needs. By offering co-generated electricity, we serve household decision-makers who often own a mobile phone but don't have easy access to a power outlet. We also offer them long-term cost-savings with dramatically improved efficiency that requires less fuel. Finally, our market-based approach automatically builds long-term adoption and impact into how we measure success as an organization. We follow a business model in which we incubate core technologies with the potential to empower millions of families living in energy poverty around the world, then commercialize the resulting products in developed and developing markets simultaneously. The near-term revenue generated from outdoor recreational markets gives BioLite the resources to invest in growing its business in developing markets through local sales teams and feedback to the product development team. Once the developing markets achieve critical mass, they can economically sustain themselves through customer-driven demand rather than relying on the support of sales in the developed world. The real revolution will be in successfully transitioning millions of households from a centuries-old method of cooking to a new technology that will greatly improve their quality of life.”
How does the BioLite HomeStove address the challenge of energy poverty?
“Our core audience is families who rely on smoky open fires as their main cooking source. In addition, mobile phone ownership in these communities is outpacing rates of electrification, forcing people to take long, expensive trips to charging shops just to maintain their ability to communicate. The BioLite HomeStove couples the immediate benefits of off-grid electricity with the long-term benefits of improved health and curbing climate change. It reduces emissions by 90 percent and cuts fuel consumption in half while generating power to charge personal devices such as mobile phones or LED lights. It's low-cost, high-performance, and designed to survive three or more hours of daily family cooking for up to five years.”