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Alternative Energy Development Corporation - GSBI 2010 - Factsheet

Alternative Energy Development Corporation - GSBI 2010 - Factsheet

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EMPOWERING NON-GRID COMM UNITIES THR OUGH I N N O VAT I V E F U E L - C E L L T E C H N O L O G Y

Alternative Energy Development Corporation - GSBI™ Class of 2010 Headquarters: Randburg, South
Africa

Problem Statement:
Non-grid communities in South Africa and neighboring countries have limited options for lighting and electrification. Paraffin and candles are expensive, unsafe, and unhealthy. Home batteries must be taken into town to be charged every three days. Further, these communities typi
EMPOWERING NON-GRID COMM UNITIES THR OUGH I N N O VAT I V E F U E L - C E L L T E C H N O L O G Y

Alternative Energy Development Corporation - GSBI™ Class of 2010 Headquarters: Randburg, South
Africa

Problem Statement:
Non-grid communities in South Africa and neighboring countries have limited options for lighting and electrification. Paraffin and candles are expensive, unsafe, and unhealthy. Home batteries must be taken into town to be charged every three days. Further, these communities typi

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Published by: seincsts on Aug 26, 2010
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08/30/2010

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EMPOWERING NON-GRID COMM UNITIES THR OUGH I N N O VAT I V E F U E L - C E L L T E C H N O L O G Y

Alternative Energy Development Corporation - GSBI™ Class of 2010 Headquarters: Randburg, South
Africa

Problem Statement:
Non-grid communities in South Africa and neighboring countries have limited options for lighting and electrification. Paraffin and candles are expensive, unsafe, and unhealthy. Home batteries must be taken into town to be charged every three days. Further, these communities typically have 80% unemployment rates, leaving little disposable income for investment in better solutions.

Established: 2000 Impact Areas: Lesotho, Namibia,
Zambia, South Africa

Type: For-Profit Sectors: Clean Tech & Energy, Economic Development

Staff Size: 11 and 3-6 Volunteers Annual Budget: $534,000 Major Funders: Investors and
mines (corporate social investment projects)

Awards:

Second Place Top 100 technology company in South Africa, Minister award as top 100 technology company in S.A., Globe Energy Award, Tech Awards laureate, Africa Award for best rural electrification solution

Theory of Change:
Replacing candles and paraffin with our zinc air fuel cells results in continuously available green, renewable energy, a better quality of life, education, health, safety and new sustainable job opportunities for offgrid communities.

Solution:
Our low-cost zinc air fuel cells provide green energy 24/7 to non-grid communities at a lower monthly operating cost than using candles or paraffin, thus providing improved quality of life, health, education, and a means to sustainable local job creation. By keeping upfront costs low and working with community leaders to get a 90% adoption rate, we create a monthly annuity income with a high profit margin. Our technology also reduces carbon emissions and improves the environment by generating no waste.

“At an operating cost lower than using candles, AEDC brings electricity to non-grid communities and helps to eradicate poverty.” - Rolf Papsdorf, CEO

| www.aedc.co.za |

info@aedc.co.za | +2 711 708 7673 |

EMPOWERING NON-GRID COMM UNITIES THR OUGH I N N O VAT I V E F U E L - C E L L T E C H N O L O G Y

Milestones Achieved:
2002: First significant funding from shareholders 2006: Pilot project demonstrating reliability of developed technology 2008: First commercial installation into a village of some 300 community members 2009: Projects in 2 villages, reached positive cash flow

Impact to Date:
• 4600 community members in 4 countries are benefitting now from our fuel cell energy

Annual Budget vs. Outcomes:

Growth Plan:
• • • Implement rent to own system Manufacture and sell 50,000 fuel cell sets Set up franchise models in S.A. and joint ventures in other countries Achieve profit margin of over 35%

Cost per Successful Outcome:
$350

Investment Required:
$1 million, equity and/or convertible debenture. ($100,000 in 2010 and $900,000 in 2011).

“Since having AEDC’s power, I do not use candles and have no more coughing. I use now an electric sewing machine and create a disposable income for my family.” – Olive, a customer in Limpopo, South Africa
This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of Santa Clara University’s Center for Science, Technology and Society.
Updated 8/26/2010. www.scu.edu/sts/gsbi

| www.aedc.co.za |

info@aedc.co.za | +2 711 708 7673 |

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