Executive Summary
Climate change is one of the biggest human rights issues in human history. Those who did not cause most of the problems are feeling most of the impact already, particularly in the Global South. A clean energy transition led by entrepreneurs will help lessen this global disparity by creating more distributed power, both literally and figuratively. The challenge is there are not enough diverse and thriving clean energy entrepreneurs to match the scale of the clean energy transition. NEX is urgently advancing an equitable transition by providing funding, accelerators, training and resources that are locally led across our network spanning 12 countries to help entrepreneurs build a 100% clean energy future. NEX aims to scale our programs and expand our global network to more emerging markets to realize our goal of reaching 100,000 clean energy entrepreneurs by 2030 to ensure that the benefits of clean energy benefit all people.
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2021 Swift Grants Awardee
New Energy Nexus and Power for All, together were selected as a 2021 Swift Grants Awardee. The Swift Grants fund provides small grants to Bold Solutions Network members for collaborative projects.
This partnership will implement a course on "Energy Microgrids" as part of a clean energy online school that will equip startup entrepreneurs, starting with Asia, with the knowledge and tools to launch their first startup. This course is designed to be scaled to reach thousands of aspiring clean energy entrepreneurs across the world.
2022 Swift Grants Awardee
Power For All and the University of Waterloo will drive awareness of the Distributed Renewable Energy sector’s potential as a jobs engine through an advocacy campaign and student mentorship. The campaign will target students and emerging professionals in 44 African and Asian countries.
Accomplishments
In 2023, New Energy Nexus (NEX) supported over 1,000 clean energy entrepreneurs across 12 countries to advance a just and equitable clean energy transition. We implemented and expanded programming in the Global South particularly for youth, women, and other underrepresented communities to ensure that everyone has access to clean energy, including:
- Youth: Youth Entrepreneurial Accelerator (Yea!). We partnered with the Center for Social Innovation at UC Riverside to launch the Youth Entrepreneurial Accelerator (YEA!) in Imperial County, California with over 300+ students participating..
- Women Entrepreneurs: the Bali Women Climate Entrepreneur Project. This accelerator and incubator program offers four months of tailored business support for women-led climate entrepreneurs in Bali to enhance their business.
- Global South: COP 28 UAE Accelerator Program. NEX partnered on a one-of-a-kind climate tech program leading up to COP28 in Dubai. The program accelerated 100 early-stage climate startups and small businesses with a focus on the Global South.
