28/03/2024
NUL graduates reach great milestones with their solar products!
Energywise (Pty) Ltd. is a manufacturing startup company with a sole focus on designing and implementing solar thermal devices and gadgets that address immediate energy problems in Lesotho. NUL graduates, Thaane Mokose and Molibeli Rakauoane are part of a 5 people team that own the business which was registered in December 2022. The duo currently serve as the only employees of the company, even though they seek to expand their team in the near future.
They currently have four products: Flat Plate collector, solar cooker, solar dryer, and parabolic trough.
Their target market is: Individuals, Companies & Hardwares, Schools & Hostels, lastly, other organizations.
This business is a response to the undeniable challenges not only facing Lesotho but the whole world in the field of energy. For instance, the costs of petroleum-based products have shot to some of the highest levels in recent memory, putting pressure on the already resource-scarce societies to find alternative forms of energy which are themselves of limited variety. The ever-climbing costs of national grid-based electricity have not been helping either.
EnergyWise is one of the Lesotho Competitiveness and Financial Inclusion (CAFI) project beneficiaries. They are part of the first cohort of this project and are currently incubated at the NUL Innovation Hub.
Energyise currently has several products, including; market-ready ones as well as those in the design and implementation phases. Among the market-ready, they have a few solar thermal collectors (i.e., flat plate collector, parabolic trough, parabolic dish, and solar dryer) that have been tested and optimized for use in domestic water heating, cooking, drying, and possible industrial applications.
During an interview, the two gentlemen revealed that in the next three to five years EnergyWise aims to have more than 10 workers and its workshop, providing consultancy services, installation, and manufacturing. EnergyWise will play a critical role in accelerating the worldwide shift to a more sustainable energy landscape while also boosting growth and profitability in the renewable energy sector.
Their biggest achievements so far have been getting funding from UNDP Lesotho to buy material and seed funding from CAFI.
Some of the challenges they encounter include: Procurement of materials for production, Getting a car for transporting finished products to customers and securing a place for manufacturing and equipment.
“Being part of the incubation program at CAFI has been immensely beneficial for EnergyWise in several ways. Firstly, the provision of a dedicated workspace has fostered a collaborative environment, allowing our team to ideate, innovate, and execute more effectively. This incubation space has provided us with access to essential resources, mentorship, and networking opportunities, accelerating our growth trajectory. Additionally, the seed funding of $7000 has enabled us to kick start our operations, invest in crucial infrastructure, and develop our initial products and services. “ T.Mokose said.
Rakauoane's parting words were, “Our products at EnergyWise aim to benefit the public in several significant ways. Firstly, by providing access to clean energy through solar products, we contribute to reducing reliance on fossil fuels, thereby mitigating environmental pollution and combating climate change. Additionally, our energy solutions offer cost-effective alternatives to traditional energy sources, helping individuals, communities, and businesses lower their electricity bills and achieve long- term savings. Our goal is to improve quality of life, promote sustainable development, and create a brighter, cleaner future for all.”