AW(E)G: The Essence of Life from the Air
- Turkiye
- Hybrid of for-profit and nonprofit
Global Water and Energy Scarcity with Increasing Demand
AWEG, by PiKARE, addresses the critical and interconnected challenges of global water and energy scarcity, impacting millions worldwide.
Scale of the Problem:
- Globally:
- 2 billion people lack access to clean water, with 3.6 billion lacking safely managed sanitation [1].
- 1.3 billion lack access to electricity [2].
- Climate Change:
- Is projected to exacerbate water scarcity in many regions by 2050 [3].
- Increases energy demand for cooling and water treatment, putting additional pressure on resources.
Local Statistics (Examples):
- Sub-Saharan Africa: 43% of the population lacks access to safe drinking water, and 57% lack access to basic sanitation [4].
- South Asia: 14% of the population lacks access to safe drinking water, and 21% lack access to basic sanitation [4].
Factors Contributing to the Problem:
- Population growth and increasing urbanization are putting strain on existing water and energy resources.
- Climate change is leading to more frequent and severe droughts, impacting water availability.
- Inefficient water management practices, such as over-extraction and pollution, are further exacerbating scarcity.
- Limited access to sustainable and affordable water and energy solutions, especially in developing countries.
How AWEG Relates to the Problem:
AWEG directly addresses several key factors contributing to water and energy scarcity:
- Provides a sustainable source of clean water: AWEG generates water from ambient air, reducing reliance on overexploited water resources and minimizing the impact of climate change on water availability.
- Provides renewable energy: AWEG is powered by radiation effect of the sun, a renewable source, reducing dependence on fossil fuels and their associated environmental impacts.
- Offers a decentralized solution: AWEG systems are scalable and modular, making them suitable for both individual households and communities, particularly in remote areas with limited access to traditional grid infrastructure.
By offering a sustainable, reliable, and accessible solution for water and energy generation, AWEG has the potential to alleviate scarcity, improve public health, and empower communities, contributing significantly to solving the global challenges of water and energy security.
Sources:
[1] WHO/UNICEF Joint Monitoring Programme (JMP) for Water Supply, Sanitation and Hygiene: https://www.who.int/teams/environment-climate-change-and-health/water-sanitation-and-health [2] **World Bank, "Access to electricity (% of population) - The World Bank Data," accessed March 2, 2024, https://data.worldbank.org/indicator/EG.ELC.ACCS.ZS [3] Intergovernmental Panel on Climate Change (IPCC), Sixth Assessment Report (AR6), Working Group II: Climate Change 2022: Impacts, Adaptation, and Vulnerability: https://www.ipcc.ch/report/ar6/wg1/ [4] **WHO/UNICEF Joint Monitoring Programme (JMP) for Water Supply, Sanitation and Hygiene, "SDGs - Progress on drinking water, sanitation and hygiene - Updates and thematic reports," accessed March, 2, 2024, https://www.who.int/teams/environment-climate-change-and-health/water-sanitation-and-health
AWEG: Transforming the Future with Positive Impact
AWEG goes beyond simply providing clean water and renewable energy. It boasts several key features that contribute to a positive environmental footprint:
- Positive Water Footprint: AWEG creates water from air, reducing reliance on overexploited water resources and leaving a net positive impact on the water cycle.
- Zero Waste: AWEG uses a closed-loop system with no waste generation, minimizing environmental impact.
- Negative Carbon Footprint: AWEG utilizes renewable energy sources like solar and wind power, significantly reducing its carbon emissions and contributing to a more sustainable future.
AWEG's core technology involves:
Water Production:
- Advanced Desiccant: Utilizes a unique, highly efficient material (desiccant) to extract moisture from air.
- Closed-Loop System: Separates water, purifies it, and recycles the desiccant for continuous operation.
Energy Production:
- Renewable Energy Source: Captures sunlight and converts it into heat using concentrated solar panels.
- Multi-purpose Heat: The captured heat is used to generate electricity, provide cooling and heating, and power the system itself.
Unmatched Scale: Capable of producing 200,000 liters of water per day, offering large-scale solutions.
AWEG represents a significant step towards a sustainable future by addressing water and energy scarcity while minimizing environmental impact.
A Sustainable Future:
AWEG's innovative technology and commitment to sustainability position it as a powerful solution to combatting water and energy scarcity while minimizing environmental impact. Its ability to produce 200,000 liters of water per day makes it a game-changer, offering large-scale and sustainable water and energy generation capabilities.
AWEG aims to empower a diverse range of individuals and communities facing the challenges of water and energy scarcity across the globe. Here are the key groups AWEG will serve and the potential impact on their lives:
1. Underserved communities in remote and developing areas:
- Challenge: These communities often lack access to reliable grid infrastructure, limiting access to clean water and electricity.
- Impact: AWEG's off-grid capabilities and ability to generate both water and energy provide a self-sufficient solution, improving access to essential resources and empowering communities.
2. Individuals and families living in water-stressed regions:
- Challenge: Droughts and over-exploitation of water resources lead to limited access to safe drinking water.
- Impact: AWEG offers a sustainable source of clean water, improving health outcomes and reducing reliance on potentially unreliable or contaminated sources.
3. Disaster-stricken areas:
- Challenge: Natural disasters disrupt traditional water and energy infrastructure, creating critical shortages during emergencies.
- Impact: AWEG's portability and rapid deployment capabilities provide immediate access to clean water and temporary energy solutions in the aftermath of disasters.
4. Industrial and agricultural sectors:
- Challenge: Industries and agriculture face challenges securing sustainable and reliable water supplies.
- Impact: AWEG's scalability and ability to produce high volumes of water can meet the specific water needs of various industries and agricultural operations.
Overall Impact:
By providing clean water and renewable energy, AWAEG can:
- Improve public health: Access to clean water reduces waterborne illnesses and promotes overall well-being.
- Empower communities: Self-sufficient water and energy access fosters economic development and empowers communities to thrive.
- Increase resilience: AWEG offers a reliable and sustainable solution in the face of climate change and resource scarcity.
- Contribute to environmental sustainability: AWEG minimizes environmental impact through its use of renewable energy and a closed-loop system.
AWEG's potential to improve lives and address global challenges underscores its significance in creating a more sustainable and equitable future for all.
Besides, the impact of AWEG is not merely theoretical; it is grounded in tangible results. The system's 2 tons/day and 100liters/day units have already produced 500,000 liters of drinking water, saving 200,000 kW/h of energy and a staggering 1M plastic bottles, while also reducing 249 tons of CO2 emissions and served mainly underrepresented communities and refugees. These accomplishments led to the system being awarded the Best Innovation Prize in 2021 and most recently Best Disruptive Climate Technology Award during EGYPES24 Climatech Challenge, among 1800 applicants worldwide.
Our team at PiKARE understands the profound challenges of water and energy scarcity firsthand. For the past 15 years, we haven't simply studied water scarcity, but also engaged directly with individuals and communities facing these issues in remote areas, agricultural communities, and industrial settings. We've built strong relationships with these communities, listening to their experiences, observing the impact of scarcity on their lives, and actively seeking their insights throughout the development process of AW(E)G.
This proximity and collaborative approach are fundamental to our mission. We believe that genuine understanding and meaningful community involvement are essential for designing solutions that are culturally appropriate, socially responsible, and truly impactful.
We are committed to fostering a team that reflects the diversity of the communities we serve. We actively strive to include individuals with diverse backgrounds and perspectives in all aspects of our work, ensuring that AW(E)G reflects the needs and values of the people it aims to empower.
By prioritizing community engagement and actively incorporating their voices, we strive to ensure that AW(E)G not only addresses the technical challenges of water and energy scarcity but also empowers the communities it serves to build a more sustainable and equitable future.
- Adapt cities to more extreme weather, including through climate-smart buildings, incorporating climate risk in infrastructure planning, and restoring regional ecosystems.
- 1. No Poverty
- 2. Zero Hunger
- 3. Good Health and Well-Being
- 5. Gender Equality
- 6. Clean Water and Sanitation
- 7. Affordable and Clean Energy
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation, and Infrastructure
- 10. Reduced Inequalities
- 11. Sustainable Cities and Communities
- 12. Responsible Consumption and Production
- 13. Climate Action
- 14. Life Below Water
- 15. Life on Land
- 17. Partnerships for the Goals
- Pilot
AWEG, by PiKARE, is currently in the pilot stage, having successfully launched a staggering 2 tons/day model in several communities for 3 yrs operation. This pilot demonstrates the solution's potential and offers valuable insights for ongoing development. We have also another 100 liters/day MVP having operational about 3 yrs.
Key achievements of the pilot:
- Production: The pilot successfully generates up to 2,000 liters of clean drinking water per day (28 microsiemens water Quality), exceeding EPA and WHO standards.
- Efficiency: AWEG boasts a record-breaking low energy consumption of 100-150 kW/day ( based on fluctuating atmospheric conditions), thanks to its revolutionary design and improvements during 15 yrs of continuous R&D, making it the most efficient air-to-water system on Earth (Condensed based systems, which are predominant in the market require 800-1500KW to produce 2000 Liters water).
- User Impact: The pilot directly benefits over 100 individuals in the community, providing them with access to clean water and contributing to improved health and well-being.
Ongoing Development:
Based on the pilot's learnings and ongoing research, PiKARE is actively working on:
- Design optimization: Refining the AWEG system to further enhance efficiency, scalability, and cost-effectiveness.
- Business model development: Exploring sustainable and scalable business models to ensure AWEG's long-term accessibility and impact.
- Community engagement: Continuing to partner with communities to ensure AWEG's design and implementation are aligned with their needs and aspirations.
Looking Ahead:
The pilot's success demonstrates AWEG's "strategic" potential to address water scarcity & energy poverty challenges while promoting circularity & sustainability. PiKARE remains committed to continuous improvement, community engagement, and scaling AWEG to empower more communities and contribute to a water-secure future.
PiKARE is applying to Solve not primarily for financial support, but rather to leverage the program's unique strengths to address critical barriers and accelerate the positive impact of AWEG. We are particularly interested in the following aspects of Solve's support:
1. Building Partnerships:
- Connecting with potential investors: Solve's network can connect us with investors who share our commitment to sustainability and social impact, aiding in securing funding for scaling AWEG.
- Partnering with NGOs and experts: Through Solve, we can forge partnerships with NGOs and experts in sectors like water management, community development, and sustainability to gain valuable insights, enhance AWEG's effectiveness, and navigate cultural considerations.
2. Overcoming Market Barriers:
- Market access and pilot opportunities: Participation in Solve provides exposure to a global audience and can lead to pilot project opportunities in communities facing water scarcity, enabling us to test and refine AWEG in diverse settings.
- Scaling and market adoption: Solve's network and expertise can support us in developing a scalable business model and navigating the complex landscape of bringing AWEG to new markets and achieving widespread adoption.
3. Addressing Regulatory and Legal Challenges:
- Navigating regulations: Solve can connect us with legal and regulatory experts who can help us navigate the often-complex legal and regulatory frameworks surrounding water resource management and technological innovation.
- Intellectual property protection: We can benefit from guidance on protecting our intellectual property while also ensuring AWEG's accessibility to those who need it most.
4. Amplifying Impact and Awareness:
- Sharing our message and building support: Solve's platform provides us with a global stage to share the story of AWEG and connect with potential partners, donors, and advocates who share our vision of a water-secure future.
- Learning from other Solvers and experts: Participating in Solve allows us to connect with and learn from other innovative solutions and experts, fostering collaboration and accelerating collective progress towards global challenges.
PiKARE believes that by collaborating with Solve and its network of partners, we can effectively overcome these barriers, scale AWEG's impact, and empower more communities to achieve sustainable access to clean water and energy.
- Financial (e.g. accounting practices, pitching to investors)
- Monitoring & Evaluation (e.g. collecting/using data, measuring impact)
- Product / Service Distribution (e.g. delivery, logistics, expanding client base)
- Public Relations (e.g. branding/marketing strategy, social and global media)
AWEG's innovation lies in its combination of established technologies to address water and energy scarcity in a unique and highly efficient way:
1. Advanced Desiccant Technology: Unlike conventional condensed based air-to-water systems, AWEG utilizes a proprietary inorganic and solid-phase desiccant. This innovative material offers several advantages:
- High Efficiency: Absorbs significantly more moisture from the air compared to traditional desiccants or condensed based systems, leading to increased water production and lower energy consumption.
- Scalability: The solid-phase nature allows for large-scale production of the desiccant, making AWEG suitable for wider implementation.
- Durability: The robust material ensures long-lasting performance and minimal maintenance requirements.
2. Closed-Loop System: AWEG employs a closed-loop system that minimizes waste and maximizes resource efficiency:
- Water Separation & Purification: The captured moisture undergoes multi-stage purification, including condensation and mineralization, to ensure clean drinking water that meets stringent standards.
- Desiccant Regeneration: After water extraction, the used desiccant is recycled through a mechatronic process, allowing for continuous operation without the need for constant desiccant replacement.
3. Renewable Energy Integration: AWEG prioritizes sustainable energy sources to power its operations:
- Concentrated Solar Panels: Capture sunlight and convert it into heat, powering the system and minimizing reliance on fossil fuels.
- Multi-purpose Heat: The generated heat is used for various purposes, including electricity generation, air conditioning, and hot water production, further enhancing resource efficiency.
Catalyzing Broader Impact:
AWEG's innovative approach has a significant potential to catalyze broader positive impacts in several ways:
- Inspiring innovation: AWEG's success can incentivize further research and development in sustainable water and energy solutions, fostering a spirit of innovation within the industry.
- Encouraging collaboration: AWEG's open-source approach to certain aspects of the technology can encourage collaboration and knowledge sharing among researchers and developers, accelerating progress in the field.
- Setting a new standard: AWEG's high efficiency and sustainability can set a new benchmark for the air-to-water industry, pushing other players to adopt more responsible and efficient practices.
Changing the Market Landscape:
AWEG's potential to transform the market landscape includes:
- Increased Accessibility: By offering a grundbreaking scalable and efficient solution, AWEG can improve access to clean water and renewable energy in resource-scarce regions, empowering communities and fostering economic development.
- Environmental Sustainability: AWEG's reliance on renewable energy and efficient water production contributes to a more sustainable future, mitigating climate change and promoting environmental stewardship.
- Market Expansion: AWEG's success can stimulate market growth for sustainable water and energy technologies, creating new opportunities for innovation and investment in this critical sector. AWEG has a great potential to expand the market from currently $2.8 Billion level to $15 Billion (SOM), which is quite realistic due to intensity of the climate & water crises in th coming decade.
AWEG's innovative approach, commitment to sustainability, and potential for broader impacts position it as a game-changer in the fight against water and energy scarcity. By offering a scalable, efficient, and environmentally responsible solution, AWEG has the potential to revolutionize the market, empower communities, and contribute to a more sustainable future.
AWEG: A Theory of Change for Water and Energy Security
Problem: Global water and energy scarcity pose immense challenges to communities worldwide, leading to health issues, economic hardship, and environmental degradation.
Target Population: Underserved communities in remote and developing areas, individuals and families in water-stressed regions, and industrial and agricultural sectors facing water and energy challenges.
Activities:
- Deploy AWEG systems in targeted communities.
- Train local personnel on operating and maintaining the systems.
- Collaborate with local communities to ensure cultural and social appropriateness.
Immediate Outputs:
- Increased production of clean drinking water (from 400 liters/day up to per 200,000 liters/day model).
- Generation of renewable energy (electricity, heating, cooling from 100KW/day up to 12 mW/Day for 200,000 liters/day) to power the system and potentially meet other community needs.
- Reduced reliance on traditional, often unsustainable, water and energy sources.
Longer-Term Outcomes:
1. Improved Public Health:
Evidence: Studies by the World Health Organization (WHO) demonstrate the link between access to clean water and improved health outcomes, including reduced incidence of waterborne diseases.
Impact: AWEG provides a reliable source of clean water, minimizing the risk of waterborne diseases and promoting overall well-being in target communities.
2. Empowered Communities:
Evidence: Research from the World Bank highlights the positive correlation between access to water and energy and economic development.
Impact: AWEG empowers communities by providing them with self-sufficient access to essential resources, enabling them to pursue economic opportunities and improve their livelihoods.
3. Increased Resilience:
Evidence: The Intergovernmental Panel on Climate Change (IPCC) emphasizes the growing threat of climate change to global water security.
Impact: AWEG offers a sustainable solution that is less vulnerable to climate change impacts compared to traditional water sources, increasing the resilience of communities facing water scarcity.
4. Environmental Sustainability:
Evidence: Research by the International Renewable Energy Agency (IRENA) highlights the critical role of renewable energy in mitigating climate change.
Impact: AWEG prioritizes renewable energy sources and minimizes waste, contributing to a more sustainable future by reducing reliance on fossil fuels and their associated environmental footprint.
Strength of the Links:
- AWEG's pilot project demonstrates its ability to produce clean water in a water-scarce region, exceeding established safety standards.
- Existing research supports the connections between clean water, renewable energy access, and improved public health, community empowerment, resilience, and environmental sustainability.
Conclusion:
By providing access to clean water and renewable energy, AWEG addresses the root causes of water and energy scarcity. This empowers communities, fosters sustainable development, and contributes to a more equitable and resilient future for all.
At Pikare, we're driven by a bold vision: a world where water scarcity and energy insecurity are relics of the past. We believe everyone deserves access to clean water and reliable energy, and that's why we've pioneered AWEG, a revolutionary technology that's not just efficient, it's transformative.
Here's how AWEG is making a real difference:
Empowering Communities: We bring clean water directly to those who need it most. Imagine villages no longer reliant on distant, unreliable sources. With AWEG, communities can become self-sufficient, fostering economic development and a brighter future.
Saving Lives: Waterborne diseases are a major threat, but access to clean water is a powerful health intervention. AWEG's efficient water production directly translates to healthier lives for families and children.
Building Resilience: Climate change is a growing threat to water security. AWEG's sustainable approach, minimizing reliance on traditional sources, empowers communities to weather droughts and other climate challenges.
Protecting Our Planet: AWEG prioritizes renewable energy, leaving a lighter footprint on our planet. By reducing dependence on fossil fuels, we contribute to a cleaner future for all.
We measure our success not just by the liters of water produced or the watts of energy generated, but by the lives we improve. We track how AWEG empowers communities, improves public health, and strengthens resilience.
Pikare isn't just about creating a technology; it's about creating a ripple effect of positive change. Join us in transforming lives, one sustainable drop at a time.
Impact Goals:
PiKARE, through its AWEG technology, aims to achieve the following transformative impact goals:
- Increase access to clean water: Provide sustainable access to clean drinking water for underserved communities facing water scarcity.
- Empower communities: Foster self-sufficiency and economic development by empowering communities with reliable water and energy resources.
- Promote environmental sustainability: Contribute to a more sustainable future by minimizing reliance on non-renewable resources and reducing environmental impact.
Measuring Progress:
PiKARE is committed to measuring its progress towards these goals through several key indicators:
1. Increased Access to Clean Water:
- Number of communities served: Tracks the number of communities with access to clean water through AWEG deployments.
- Volume of clean water produced: Measures the total amount of clean water generated by deployed AWEG systems.
- Number of individuals benefitting: Tracks the number of individuals gaining access to clean water as a result of AWEG implementation.
2. Community Empowerment:
- Economic development indicators: Monitors metrics like increased income levels, job creation, and improved agricultural productivity in communities with AWEG access.
- Community surveys: Conducts surveys to gauge community satisfaction, improved quality of life, and increased sense of empowerment due to AWEG's impact.
3. Environmental Sustainability:
- Renewable energy generation: Tracks the amount of renewable energy generated by AWEG systems, highlighting the shift from reliance on fossil fuels.
- Water resource conservation: Measures the reduction in water consumption from traditional sources due to AWEG implementation.
- Carbon footprint reduction: Estimates the environmental impact reduction by calculating the avoided carbon emissions through AWEG's use of renewable energy.
Additional Considerations:
Beyond these quantitative measures, PiKARE also values qualitative assessments. This includes:
- Community feedback: Gathering feedback and testimonials from community members regarding the impact of AWEG on their lives.
- Case studies: Highlighting specific success stories of communities experiencing improved water security and economic development through AWEG.
By consistently monitoring and evaluating its progress using these indicators, PiKARE strives to ensure its impact is measurable, meaningful, and contributes to a positive and sustainable future.
- A new application of an existing technology
- Biomimicry
- Imaging and Sensor Technology
- Manufacturing Technology
- Materials Science
- Turkiye
- Qatar
- Saudi Arabia
- Switzerland
- United Arab Emirates
The PiKARE solution team consists of 14 members:
- 7 full-time staff: These individuals are dedicated solely to working on the AWEG solution and are likely core members of the PiKARE team.
- 7 part-time staff: These individuals contribute to the AWEG solution alongside other responsibilities or commitments. They may work specific hours or days per week.
Our journey began in 2001, when we were one of the first distributors of the Hendrx AWG units in th world. Witnessing the limitations of these systems firsthand, we embarked on a quest to develop a superior solution. In 2009, we parted ways with Hendrx and set our sights on desiccant technology. Since 2012, we have relentlessly pursued the perfection of this technology, and today, we stand before you with the AWEG solution, a testament to over a decade of dedication and innovation with three patents.
At PiKARE SKYSOURCE, we recognize the importance of diversity and inclusion in fostering creativity, innovation, and a strong team spirit. We are committed to ensuring that our team reflects a variety of perspectives and experiences, while actively minimizing barriers and creating a welcoming environment for everyone.
Current Efforts:
- Diversity in Leadership: While we are still working towards a more diverse leadership team, we are actively seeking qualified candidates from underrepresented groups to fill current and future leadership positions.
- Inclusive Hiring Practices: We have implemented unconscious bias training for our hiring managers and recruiters to ensure a fair and inclusive selection process. We also strive to source candidates from diverse backgrounds through partnerships with organizations focused on underrepresented groups in STEM fields.
- Creating a Welcoming Environment: We foster an environment of mutual respect, understanding, and open communication through team-building activities, cultural competency workshops, and regular feedback mechanisms. We encourage open dialogue and address any concerns or issues regarding diversity and inclusion promptly and sensitively.
Future Goals:
- Building a more diverse workforce: We are actively setting diversity goals for our team and exploring partnerships with educational institutions and professional organizations to attract talented individuals from various backgrounds.
- Continuous learning and improvement: We recognize that diversity and inclusion are ongoing journeys. We are committed to continuously learning and improving our practices by attending workshops, conferences, and collaborating with experts in this field.
We understand that creating a truly diverse and inclusive environment is an ongoing process. While we are proud of the steps we have taken so far, we remain dedicated to fostering a team where everyone feels valued, respected, and empowered to contribute their unique talents and perspectives.
AWEG's business model aims to achieve social impact by providing access to clean water and renewable energy to underserved communities, while ensuring financial sustainability through a combination of approaches:
Target Customers and Beneficiaries:
- Underserved communities: AWEG prioritizes providing solutions to communities facing water scarcity and limited access to reliable energy sources.
- Governments and NGOs: Partnering with these entities allows for wider implementation of AWEG in locations with significant need.
- Industrial and agricultural sectors: AWEG's ability to provide both clean water and renewable energy can benefit these sectors facing resource challenges.
Value Proposition:
- Clean water provision: AWEG offers a reliable source of clean drinking water, exceeding established safety standards, improving public health and well-being.
- Renewable energy generation: AWEG contributes to energy security by producing renewable energy to power the system and potentially meet other community needs, promoting environmental sustainability.
- Scalability and efficiency: AWEG's modular design allows for flexible deployment and scalability to meet the needs of diverse communities and applications.
- Cost-effectiveness: Compared to traditional water and energy solutions, AWEG offers lower long-term operational costs due to its efficiency and reliance on renewable energy.
Delivery Model:
- Direct sales: AWEG systems can be sold directly to governments, NGOs, and private entities for installation in communities or industrial settings.
- Public-private partnerships: Collaborations with government agencies and NGOs can facilitate AWEG implementation as part of broader water and energy security initiatives.
- Subscription-based model: AWEG can be offered as a service through subscription plans, where communities pay a recurring fee for access to clean water and renewable energy generated by the system.
Revenue Streams:
- Initial system sales: The initial sale of AWEG units generates revenue to cover production and installation costs.
- Long-term service contracts: Subscription-based models or maintenance contracts provide recurring revenue streams to ensure ongoing system functionality and support.
- Grants and investments: PiKARE actively seeks grant funding and impact investments from organizations that support solutions addressing water and energy challenges.
Financial Sustainability:
AWEG's business model emphasizes financial sustainability to ensure long-term impact. By generating revenue through various channels, PiKARE can reinvest in research and development, expand AWEG's reach, and maintain its commitment to providing affordable and accessible clean water and renewable energy solutions.
Conclusion:
AWEG's business model balances social impact and financial sustainability. By providing a valuable solution that addresses critical needs, AWEG aims to be both socially responsible and financially viable, ensuring the long-term success of the solution and its positive impact on communities worldwide.
- Organizations (B2B)
PiKARE is committed to achieving financial sustainability to ensure the long-term viability and scalability of AWEG. We are pursuing a multi-pronged approach to generate revenue and support our operations:
1. Product Sales:
- Direct Sales: We aim to directly sell AWEG systems to NGOs, and private entities for installation in communities and industrial settings. This provides an initial revenue stream to cover production and installation costs.
2. Service Contracts:
- Subscription Model: We offer AWEG as a service through subscription plans. Communities pay a recurring fee for access to clean water and renewable energy generated by the system. This model provides predictable revenue and incentivizes system maintenance and efficiency.
- Maintenance Contracts: We offer separate maintenance contracts, ensuring AWEG's long-term functionality and generating additional revenue.
3. Funding and Investments:
- Grants: We actively seek grant funding from organizations supporting water and energy solutions. Past successes include grants from [TUBITAK] and [Marmara University], which contributed to AWEG's development.
- Impact Investments: We engage with impact investors seeking to support solutions with both social and financial returns. We are in ongoing discussions with potential investors who recognize AWEG's potential for positive impact and financial viability.
4. Future Revenue Streams:
- Data and Analytics: We are exploring the possibility of offering data and analytics services related to water usage and energy generation patterns. This could provide valuable insights to communities and stakeholders, generating additional revenue streams.
- Replication and Licensing: In the long term, we envision opportunities for replication and licensing of AWEG technology to other organizations, further expanding our reach and financial sustainability.
Evidence of Success:
- Pilot Project Funding: The successful pilot project of AWEG was funded by a combination of initial investment from PiKARE, a grant from [Istanbul Municipality], and revenue generated from our existing business operations.
- Market Interest: The positive reception of AWEG from potential customers and investors demonstrates strong market interest in the solution, signifying the potential for successful revenue generation through various channels.
Transparency and Future Focus:
While we cannot share specific financial details due to confidentiality, we are committed to transparency and accountability. We are actively exploring new revenue models and continuously monitor our financial performance to ensure efficient resource allocation and long-term sustainability.
We believe that this diversified approach to funding and revenue generation will enable PiKARE to achieve financial sustainability and continue to provide AWEG as a life-changing solution
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CEO