Toyola Energy Ltd. Wins Gold Ashden Award
“Yesterday evening I received a call from Suraj Wahab to announce the fantastic news. Toyola Energy Ltd, of which Wahab is the Managing Director, received the Gold Ashden Award, which is among the highest honors in the clean energy sector in developing nations. Each year, the awards ceremony in London offers significant press coverage, recognition and a financial award to the most innovative and impactful clean energy efforts in the developing world. Toyola Energy is the 5th E+Co investee to receive this award.”
We have written extensively about Toyola and their model in the past, as has Newsweek, National Geographic, and others. Toyola is one of the most pioneering and interesting companies in which E+Co has invested, so it’s no surprise that they should receive this honor. Their use of microfinance and an innovative, decentralized manufacturing model has enabled both operational efficiency and broad market appeal for their products, even among the poorest, rural customers. Suraj Wahab’s creativity, entrepreneurial skill, business acumen and persistence in manufacturing, marketing and distributing a highly efficient and usable stove laid the foundation for Toyola’s success.”