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Industry | Energy industry |
---|---|
Headquarters | Atlanta, Georgia, United States |
Products | Commercial and rural mini-grid solar and wind projects |
Website | https://www.renewvia.com/ |
Renewvia Energy Corporation is an American renewable energy company headquartered in Atlanta, Georgia. Founded in 2008, the company specializes in designing, installing, owning, and operating solar power systems for commercial and community applications. Renewvia provides turnkey solar installation, integrated financing, and solar consulting services across the United States and in several African countries.
Renewvia was founded in 2008 [1] by Trey Jarrard and Eric Domescik, [2] both graduates of the University of Georgia. [3] The company initially focused on owning and operating rooftop solar arrays in the United States, but quickly pivoted to become an engineering, procurement, and construction (EPC) contractor offering turnkey solar solutions. [4]
In 2016, Renewvia expanded its operations to Africa, starting with projects in Kenya. [5] The company has since developed solar mini-grid projects in several African countries, including Nigeria [6] and Ethiopia. [7]
In the United States, Renewvia primarily serves as an EPC contractor, designing and installing solar power systems for commercial and industrial clients. The company has completed projects for various sectors, including:
Notable U.S. projects include:
Renewvia's African operations focus on developing, owning, and operating solar mini-grids in rural and underserved communities. [2] The company's first African projects were in Kenya, where it has since expanded to multiple locations. Renewvia has also established operations in Nigeria and Ethiopia. [9]
Key African projects include:
As of 2024, Renewvia has raised a total of $11.2 million in funding. [1] In 2021, the company received a $10 million investment from Nashville-based Claritas Capital to support its expansion in sub-Saharan Africa. [7]
Beyond solar projects, Renewvia's activities include technological solutions aimed at the renewable energy and carbon markets.
Renewvia employs a digital payments system that integrates with local mobile money services such as M-Pesa in Kenya and Paga in Nigeria. This system works in conjunction with smart meters to track energy usage. Customers can manage their accounts using mobile phones, with features including prepaid energy purchases, balance inquiries, and maintenance notifications. [2]
Renewvia has introduced the Renewvia Environmental Equity Exchange (REEE), a platform for trading carbon assets that utilizes blockchain technology. REEE facilitates the sale of renewable energy credits (R-RECs) and carbon credits. The platform employs public blockchain verification in its operations. It also includes functionality for creating financial instruments such as futures contracts based on carbon assets. [11]
Renewvia conducted and published a study in 2024 in Environmental Research: Infrastructure and Sustainability examining the impacts of solar mini-grids in rural Kenya and Nigeria. The study, based on surveys of over 2,600 households and businesses, found significant positive changes one year after mini-grid installation. Key improvements included increased school enrollment, more economic opportunities for women, extended hours of electricity access, health benefits from reduced kerosene use, and economic growth through business expansion and cost savings on energy-related expenses. [12]