Crowdfunding and green energy have a lot in common; both are often supported by grassroots movments, and both do their best to champion creative solutions in addressing poverty and energy concerns.
A few months ago, the folks at Energysavings.com published an infographic related to some of the more interesting crowdfunded based initiatives out there.
Some of the more interesting projects noted in the infograph include: Soccket — A soccer ball which harnesses energy; and Lifx — an energy-efficient light bulb which raised $1,314,542.
We here at CleanTechnica have covered our fair share of crowdfunding projects, including light dimmers, solar pumps, and even green umbrellas. But one of the most well-known crowdfunding clean energy companies is California-based Mosaic, which allows people to invest in small solar ventures.
Last January, Mosaic sold out its first four projects within 24 hours. Meanwhile in May 823 people invested in a New Jersey 487KW solar installation.
If Crowdfunding is the wave of the future, why are banks and fossil fuel so worried? Is it because it takes away power from the elite financial institutions that often back oil companies? Is because crowdfunding provides a unique investment opportunity for the average citizen to invest in exciting business opportunities? Or is it because it’s something new and cool?
These are just some of the thoughts on why crowdfunding is challenging the powers that be within energy and finance. What other reasons are there to support crowdfunding? What challenges does this movement face in its still young life?
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