Tag Archives: solar power

Terp Startup Solr Tech Designs Solar-Powered Umbrellas to Charge Phones

This summer, the Dingman Center will be conducting interviews with the ten student startups who are participating in the Terp Startup summer accelerator phase of our Fearless Founders program. Participating student entrepreneurs received a stipend up to $5,000 that would enable them to work exclusively on their startups over eight weeks in the summer.

SolrTech-19Jun18-43

Solr tech.pngSolr Tech

Co-founder and President: Alexei Onufrak ’20, Environmental Science & Technology major

DC: Tell us about your startup. What problem are you solving and for whom?

Onufrak: Solr Tech provides real estate businesses with a cost effective, hassle-free solution to customer retention through a solar product retrofittable to any patio umbrella. With the Solr Umbrella, we bring an outdoor power solution, while avoiding high infrastructure costs. Whether it be cafe’s, hotels, resorts, universities or amusement parks, people’s need to charge their mobile devices dictates occupancy. Solr Tech aims to provide unique power solutions outdoors.

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Smith MBA Candidate Launches a Global Renewable Energy Startup

adegbiteb-18aug15-1In celebration of Global Entrepreneurship Week, we are taking at look at some of the global impact movers and shakers within our Terp network. Meet Babafemi Adegbite (or Femi as he’s known within Van Munching Hall) MBA ’17  who is launching a global social enterprise startup. The mission of his startup, ReEmpower, is to help alleviate global energy poverty through renewables while also empowering the communities it serves. More than 1 billion people worldwide, even those above the poverty line, lack access to energy which affects their ability to get clean water, medical care and education.

Growing up in Nigeria, Femi saw the effects of energy instability firsthand. Living in a world where women give birth in hospitals without power and children do their homework by dim candlelight, he saw a desperate need to solve this problem. While he was an undergraduate student, impact investing took off and Femi found inspiration from Jacqueline Novogratz’s book, The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World. Femi looked at the issue he wanted to tackle and worked backwards to guide his career toward that goal. He started working for Solar City, the number one solar installer in the United States. After four years of familiarizing himself with the solar industry, Femi decided to pursue an MBA so that he could start his own company.

Over the next year, Femi will be working to launch ReEmpower in Nigeria. Currently he is focused on customer acquisition, project development and of course the most challenging part—financing. Within the first few years, ReEmpower will focus on setting up solar power micro grids. Customers would range from government entities to individuals who will be able to pay-as-you-go based on income levels. Femi’s long-term goals for ReEmpower are to expand into other renewables and to enter new markets outside Nigeria.

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