MANILA, PHILIPPINES (May 11th, 2021) — HeliosAltas emerged as one of the winners of the first Technology Innovation Challenge (TIC) sponsored by the Asian Development Bank (ADB). Through the ADB-managed High-Level Technology (HLT) Fund, HeliosAltas received a grant worth $200,000 for the development of a 10kW hybrid microgrid demonstration project in the Philippines.
The project features a groundbreaking innovation, the Helios PowerWheel™, which generates low-cost, reliable micro-hydropower from virtually any flowing water. This patented technology is suited for rural applications and integrates seamlessly with any microgrid configuration. The units are easy to install, modular, and scalable, with a lifetime cost less than half that of other energy solutions, no environmental impact on water or wildlife, and a footprint that is only a fraction of wind and solar systems.
Clean energy microgrids have emerged as an ideal solution for communities, businesses, and governments seeking enhanced energy security and resilience. The long-term benefit of clean energy microgrids are particularly evident in rural areas where conventional grid connectivity is unavailable, unreliable, or too expensive. Many of these remote areas are located in developing nations where 940 million people have no access to electricity and 3.5 billion people live without reliable power.
The upcoming demonstration project in the Philippines will showcase the full capabilities of this groundbreaking new micro-hydro technology.
“We are extremely grateful to ADB for selecting us for this prestigious award,” said Michael Carroll, CEO of HeliosAltas. “We share their commitment to fighting energy poverty, and we are confident that our latest micro-hydro and microgrid innovations will create a new path for delivering economical, sustainable, clean power to millions over the next decade.”
Organized by ADB, the first ever TIC sought ways to address energy sector development challenges across ADB’s developing member countries through partnerships with high-level technology providers. TIC was made possible by the HLT Fund, a multi-donor trust fund that promotes the adoption of high-level technology in solving development challenges in ADB member countries.
HeliosAltas is a leading developer, manufacturer and distributor of micro-hydro energy solutions for commercial, industrial, and residential use. Working closely with global partners Siemens, Hunting Energy, and Wesco, the world-renowned engineers and entrepreneurs at HeliosAltas are focused squarely on delivering affordable, reliable, renewable energy to communities and businesses on every continent. Each micro-hydro unit is easy to install and environmentally friendly, has no impact on water or wildlife, and offers the smallest environmental footprint of any comparable energy system on the planet. The patented technology developed by HeliosAltas is poised to disrupt the renewable energy market in a way that has not been seen since the expansion of solar energy over the last 20 years.
About the High-Level Technology Fund
Under its Strategy 2030, the Asian Development Bank is mainstreaming the use of advanced technologies by carrying out pilot testing, strengthening project design, emphasizing quality in procurement, and mobilizing subject experts.
The High-Level Technology Fund was established in 2017 as a multi-donor trust fund in ADB that provides grant financing to encourage more widespread adoption of high-level technologies to address development challenges in member countries. As of January 2021, the Government of Japan is the sole donor of the trust fund.