Social investor Oikocredit has teamed up with Triodos Investment Management (Triodos IM) to provide a total loan facility of US$ 4 million to support SureChill in bringing reliable refrigeration to off-grid and weak-grid communities in Africa.
To support SureChill’s growth strategy, Oikocredit and Triodos IM - through Hivos-Triodos Fonds - are providing credit for the company’s working capital needs. This investment underlines the cooperative’s commitment to the PURE (productive use of renewable energy) sector. SureChill’s solar-powered refrigerators enable small and medium enterprises to generate additional income by selling more cool and fresh products, and medical centres and clinics to store and dispense reliably cooled vaccines.
SureChill’s sustainable cooling technology requires no batteries but harnesses the natural energy storage properties of water and keeps temperatures constant for as long as 12 days without continuous power. Additionally, SureChill’s solar cooling units consume 50% less energy and produce lower CO2 emissions than ordinary refrigerators.
We are thrilled to collaborate with such esteemed partners who share our commitment to sustainable innovation. Together, we are taking concrete steps toward solving critical global challenges related to vaccine preservation, climate change, gender equality, and food security. SureChill’s pioneering refrigeration technology, which operates without a constant power supply and without batteries, is set to drive universal access to cooling
Emilien Di Gennaro, CEO at SureChill
SureChill is a real game-changer, developing and offering new green solutions and create more resilience in energy and food security. It makes them a clear fit with our mission to catalyse green, inclusive prosperity in emerging markets. The company is poised for further growth and we look forward to be part of their remarkable journey.
Ricardo Balbuena Blengeri, Head of Corporate Debt Africa/Latam at Triodos IM
We are very proud to be a first lender to SureChill, which is impressively pioneering refrigeration in off-grid and unreliable-grid areas. SureChill’s environmentally friendly and innovative cooling technology reduces domestic food waste, protects vital medicines and improves livelihoods through increased income opportunities – social impact goals that are fully aligned with ours.
Henna Savolainen, Renewable Energy Investment Officer at Oikocredit