0% found this document useful (0 votes)
12 views4 pages

2025 Palladium Challenge Fund Overview

The Palladium Challenge Fund aims to address energy instability in remote communities by funding innovative energy storage solutions that enhance reliability and sustainability. The initiative seeks proposals for cost-effective storage technologies that empower local communities and create economic opportunities, with funding of up to AUD $100,000 available. Applications are due by June 13, 2025, and selected organizations will receive additional technical assistance from Palladium's global network.

Uploaded by

sukhmeet.sinngh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
12 views4 pages

2025 Palladium Challenge Fund Overview

The Palladium Challenge Fund aims to address energy instability in remote communities by funding innovative energy storage solutions that enhance reliability and sustainability. The initiative seeks proposals for cost-effective storage technologies that empower local communities and create economic opportunities, with funding of up to AUD $100,000 available. Applications are due by June 13, 2025, and selected organizations will receive additional technical assistance from Palladium's global network.

Uploaded by

sukhmeet.sinngh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Palladium Challenge Fund

RURAL ENERGY REVOLUTION:


Efficient Energy Storage for
Remote Communities

1/4

KYEEMA FOUNDATION
About Palladium

Palladium works with governments, businesses, and investors to solve the


world’s most pressing challenges. We have 60 years of experience creating
strategies, building partnerships, mobilising capital, and implementing
programs that transform societies, economies, and lives. In the last year alone,
we’ve supported our clients to improve the lives of over 150 million people
across the globe.
For over 20 years, Palladium has committed 1.5% of our profit before tax to
funding humanitarian relief efforts, supporting community projects nominated
by Palladium employees, and running an annual Challenge, through which we
solicit and fund ideas to tackle a major global problem.
The Palladium Challenge Fund brings in ideas from our network in over 90
countries and partnership with over 1,600 organisations to source innovative
responses to global challenges. Operating against a clear “problem statement”,
we fund organisations and initiatives that:
• Pilot new technologies and innovative approaches
• De-risk start-up ventures
• Deliver outcomes from innovative financial mechanisms
• Support the convening of innovation challenges
Rural Energy Revolution:
Efficient Energy Storage for Remote Communities

In many parts of the world, remote communities face persistent


energy instability. Unreliable grid connections, coupled with the
intermittent nature of renewable sources, leave households and
local businesses struggling to secure the power they need for daily
life and economic development. With limited energy options
available, these communities often endure high costs, unreliable
services, and missed opportunities for sustainable growth.
This situation is compounded by a scarcity of effective storage solutions, which not only
stifles development but also restricts access to critical services, deepening socio-economic
disparities.

How can we transform the energy landscape in off-grid areas? The answer lies in
deploying innovative, low-cost energy storage solutions that maximize the reliability and
usability of renewable energy in these settings.

Helping remote areas achieve stable energy demands a fresh and pragmatic approach to
energy storage. As Palladium CEO Sinéad Magill explains, “When we bring innovative
energy storage to remote areas, we’re opening doors to economic growth and community
empowerment. It’s not just about technology; it’s about transforming lives and building a
future where every community thrives.”

Energy storage for remote communities requires thinking that is


both fresh and practical.
Our vision is to:

Reduce the financial burden of energy instability by offering affordable storage


solutions that promote cost efficiency.
Deliver reliable power that enables essential services and daily activities, ensuring
consistent access to energy.
Enhance the usability of renewable resources while minimizing environmental
impact, thus advancing sustainability.
Empower communities by building local capacity, equipping them with the skills and
tools needed to manage, maintain, and scale these innovative solutions.

Through this challenge fund, we will unlock solutions that harness


new technologies, forge dynamic partnerships, and deploy
innovative approaches that ensure no community is left in the dark.
Palladium is driving action at the forefront of energy innovation and community
development, working alongside governments, industry leaders, and local partners to bring
sustainable solutions to those who need them most.
With global experience in energy access and renewable technologies, we understand that
the path to sustainable development is paved with innovation, local empowerment, and
resilient infrastructure.

Innovation thought starters:


Repurposed Battery Systems: Develop modular energy storage units using
repurposed lithium-ion batteries from electric vehicles or electronics, focusing on
affordability and longevity for household or community use.
Thermal Energy Storage: Create systems that capture and store excess solar or
wind energy as heat for applications such as cooking, water heating, or small-scale
industrial processes. These systems could utilize locally available materials like
phase-change substances or insulated tanks.
Compressed Air or Gravity Storage: Design simple, small-scale systems where
excess renewable energy is stored either by compressing air or by lifting weights,
with energy released on demand. These mechanical designs require minimal
maintenance and are well-suited for remote environments.
Battery Recycling and Local Assembly Programs: Establish community-based
workshops focused on recycling battery components and locally assembling energy
storage units. This approach not only reduces waste but also creates job
opportunities and builds local technical expertise.

Solutions that transform:


Through this challenge fund, we are seeking proposals from organizations with
groundbreaking ideas to revolutionize energy storage in remote communities. We invite
you to share your innovative approaches that can:

Pilot cost-effective and scalable energy storage solutions


Enhance energy reliability and access in off-grid environments
Foster local capacity and create sustainable economic opportunities
Leverage partnerships across communities, governments, and the private sector

Get Involved.
To apply for funding up to AUD $100,000.00 please go to letsmakeitpossible.com.
Applications are due 13 June 2025.

Palladium’s development experts will shortlist and select the winning applications. Selected
organisations will benefit from funding and additional technical assistance from Palladium,
including connections to Palladium’s teams of advisers worldwide.

Join us in building a future where every community can thrive, powered by clean, reliable,
and sustainable energy.

KYEEMA FOUNDATION

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy