- Energy countries are to benefit from £10 million in grants.
- The mission of the energy catalysts was to accelerate the intervention needed to meet Sustainable Development Goal 7.
To help entrepreneurs in South Africa, South Africa, and Southeast Asia address the energy situation in the benefiting countries, the United Kingdom has set aside £10 million in grants.
Mr. Joshua Adedeji, Knowledge Transfer Manager for Innovate UK Nigeria, said the initiative was created to enable access to affordable, dependable, sustainable, and contemporary energy for everyone while speaking at an Energy Catalyst meeting yesterday in Abuja.
He continued, stating it was one of the UK’s largest grant financing efforts focusing on energy access and that the program’s goal was to hunt for solutions that may alleviate energy poverty in beneficiary nations.
Adedeji said the mission of the energy catalysts was to accelerate the intervention needed to meet Sustainable Development Goal 7 by providing financial and advisory support to innovators.
He explained that transforming energy access was to speed up access to affordable, clean energy services for poor households, enterprises and social institutions in Official Development Assistance eligible countries.
Adedeji said: “One thing we do with this programme is to ensure that organisations are able to bring in their ideas, their solutions and utilize the funds that are available. It is a £10 million fund that people can apply for. The fund is open till June this year.”
He emphasized that the initiative must address transforming energy access and sustainable energy in order for innovators to be eligible for the awards, they must look for partners from the UK and present their proposals. According to Mr. Ayo Ademilua, President of the Renewable Energy Association of Nigeria, the intervention will increase the country’s access to clean energy. He claimed that in order to take advantage of the donation, the organization will mobilize its members across the nation and link them up with collaborators in the UK.