Azuri was honoured as a winner of a prestigious United Nations climate change award at a special ceremony at the 2015 United Nations Climate Change Conference in Paris. Azuri Technologies was named as one of three initiatives who are successfully mobilising Financing for Climate Friendly Investment.
“These ‘Lighthouse Activities’ shine a light on the groundswell of climate action around the world,” said UN Secretary-General Ban Ki-moon in his keynote address.
“As the world moves toward a future built on low-emissions sustainable development, these bold ideas can inspire leaders to be more ambitious in their own policies and actions.”
Azuri recognised as a Technology Pioneer by the World Economic Forum. Azuri joined a group of 23 of the most innovative technology start-ups from around the world who are poised to make a significant and positive impact on business and society. Azuri was selected for its contribution to delivering affordable and clean energy to the world’s off-grid population, improving global energy access through its PayGo solar solution.
To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology that has been market proven and show all the signs of being a long-standing market leader. Previous Technology Pioneers have included groundbreaking companies like Google, Twitter and DropBox.
In front of an audience of 1,000 people at the Royal Theatre in Copenhagen, former Governor Arnold Schwarzenegger announced Azuri as the winner of Sustainia Award, a new global award honouring a solution, technology or idea with a significant contribution to a more sustainable future.
One hundred innovative solutions implemented in 56 countries across six continents were nominated for the Sustainia Award. The Sustainia secretariat shortlisted 10 finalists and the Sustainia Award Committee selected the final winner.
Mr. Schwarzenegger said, “I congratulate the winner for being a true green action hero that proves to skeptics and naysayers that we already have solutions to meet the challenges our planet is facing. And not only do they make the world more sustainable, they also make it a more attractive and fun place to live. With Sustainia Award we reshape a stagnated climate debate around solutions that can make a real difference.”
Azuri secures £1M working capital loan from Barclays to accelerate the deployment of its home solar systems, transforming the lives of thousands of rural customers in sub Saharan Africa forever.
Barclays’ support for Azuri is evidence of the company’s maturity in the market. The four year term loan is the first step in a broader and longer-term relationship between the two firms and reflects Barclays’ commitment to supporting Azuri and towards economic and social transformation in Africa.
Sean Duffy, Managing Director of Technology, Media and Telecoms Industry at Barclays, said: “Azuri is a highly innovative business, and is leading the way in distributing pay-as-you-go solar power for off-grid markets. We are fully committed to assisting the company’s growth and this campaign, which will deliver significant social and economic benefits in Africa.”
Azuri named as the winner of the Zennström Philanthropies Ashden Award for Innovation. The award celebrates Azuri’s innovative pay-as-you-go interface, which allows households to pay for solar as they use it with scratchcards. The upfront costs of solar products often render them out of reach for the people who would benefit most.
The Ashden judging panel said, “Azuri Technologies has created an innovative and culturally appropriate product that also overcomes the huge hurdle of the high upfront costs of solar power.”