The recent explosion in solar is well documented. The price of solar cells have fallen 99% since the 1970s energy crisis, 100% new U.S. power capacity came from renewable sources in November, California added as much solar in 2013 as it did in the prior 30 years, Indiaâ€™s largest coal company now powers its headquarters with solar, Germany twice powered over 50% of its peak electricity demand with wind and solar, the list goes on.
And yet while many parts of the world are rapidly transitioning to 100% clean energy, 25% of people worldwide lack access to electricity. As solar continues its exponential growth (after all, solar cells are built from the same fundamental technologyâ€”semiconductorsâ€”that are behind the fabled Mooreâ€™s Law), we can bring not only electricity, but 100% clean energy to the billions of people currently without it.
The question is how are we going to finance and facilitate this? The answer is simpleâ€”you and your mobile phone.
Did you know more people in the world have cell phones than access to electricity? Or that 25% of Kenyaâ€™s Gross National Product flows through mobile phones? Imagine individuals in Brazil, families in India, and communities in Southeast Asia making monthly payments for 100% clean, reliable electricity on their mobile phones. And imagine those payments flowing directly back to youâ€”the lender, whereby you can reinvest your proceeds into another solar project on your mobile phone.
At Mosaic, we believe that the fastest way to transition to a 100% clean energy economy is to allow more people to participate in that transition and benefit from it.
And thatâ€™s what our recent $1M award from Verizonâ€™s Powerful Answers award will enable us to do â€¦ check out the video below.