Third Wave Power Pte. Ltd.
To empower off-grid and partial-grid customers around the world with decentralized and affordable solar powered lighting and energy solutions.
Singapore, India, Africa
Mr. VS Hariharan
Energy access for all is improving thanks to the rural consumer stepping up to purchase the right products in instalments. This has been complemented by the good work of the development institutions as well as the players in the ecosystem.
TWPs approach to each market to make the journey of providing solutions to customers is sustainable and scalable. The approach involves few building blocks.
Provide relevant products at the right price & quality and continue refreshing this as often as needed. This is done through strategic ODM partnerships.
Partnering with local players who can reach the customer for the product, finance the customer, service the customer. These partners should be in it for the long term.
TWP wants to ensure all players in the value chain can earn sufficiently to keep the business going at the same time customer gets the best value for money.
There is innovation at each level but the business model and philosophy are important. In each geography we participate, we are able to grow our business year on year, reaching more customers, and be a significant player there by contributing to energy access for all in our own small way
In addition to the product design, technology and business model innovation, TWP has designed its own PAYG software and launched as PayGro. This platform will enable economically challenged customers to buy energy products at affordable costs but also aid in the growth of distributors and sellers. The platform can be integrated with solar as well as non-solar appliances seamlessly. TWP will also make this PayGro software available for other product companies to integrate and offer as part of their solution.
GOGLA is the voice of the off-grid market and helps companies in leveraging its platform in many ways. The platform will aid in providing data and insights for different markets, understanding product trends, evolving business models, participate in forums, conferences for networking with different players in the ecosystem, access to grants/capital and many others.