Reeddi named a finalist by Prince William for Earthshot Prize

Olugbenga Olubanjo (CivE MASc 1T9), Founder and CEO of Reeddi Inc with a Reeddi Energy Capusule. (Photo: Press Images)

 

Reeddi Inc, headed by CivMin alumnus Olugbenga Olubanjo (CivE MASc 1T9), has been named one of 15 finalists of the inaugural Earthshot Prize. The announcement, made Friday, September 17, 2021 by Prince William via video, acknowledges the company as one of three finalists in the “Fix Our Climate” category.

The clean-tech startup created something unique to assist those in areas of the world with vulnerable and unreliable energy infrastructure. Reeddi Capsules are portable and rechargeable batteries powered by solar charging stations. Its solar-powered device, a lithium battery, can be rented for $0.50 a day, allowing affordable and dependable energy for those otherwise unable to obtain the service.

According to the company, over 600 households and businesses receives clean electricity via its product monthly. It has a goal of serving 12,000 new households and businesses monthly by the end of 2021.

Five of the 15 finalists announced will be awarded The Earthshot Prize and will win £1million in Prize funding for the best solutions of the five Earthshot goals: Protect and Restore Nature; Clean our Air; Revive our Oceans; Build a Waste-free World; and Fix our Climate.  

The Winners will be announced during an awards ceremony October 17, 2021 from London’s Alexandra Palace.

By Phill Snel

 

An early look at Olu’s concept for the Reeddi Capsule:

REEDDI: Putting power in the hands of the people

 


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