Qorax is a solar asset financing and distribution company that unlocks value for investors and consumers in frontier markets. We work through local management teams to create access to vital electricity service for the people who need it most. Our portfolio companies operate in Somaliland, Somalia, the Democratic Republic of the Congo, and are expanding quickly.
Earth's tidal currents are caused by the gravitational pull of the moon. Tides remain constant for about six hours before briefly pausing and then shifting direction for another six hours. Tides are predictable and as far as we know inexhaustible, which means that energy produced from tides is renewable and can provide baseline, 24/7 power.
There is a great deal of interest in developing tidal power, particularly in Europe, where the first commercial tidal power plant prototype began operating in 2003 off the coast of Norway. In May, 2008, the first commercial marine current generator went into operation at Strangford Lough in Northern Ireland. This generator is expected to produce 1.2 MW of electricity, supplying about 1,000 homes with power. This turbine cost $20 million and operates when tides are moving at speeds of at least 2.3 mph. In modern times, in 2018 we can DIY our hydro generator, here is an example about home hydroelectric power this generator can provide electricity to one whole household.
A tidal barrage is a type of dam built to utilize the differences in high and low tides to generate electricity. They have the same type of negative impacts as other types of dams such as high costs, lack of viable dam sites and environmental degradation. The US has no tidal barrages and there are only a couple currently operating in France and Canada. Russia and the UK have the potential to development barrage systems, but have not yet taken steps toward doing so.
Tidal stream systems are a newer form of hydropower that convert tidal energy to electrical power much in the same way that wind turbines convert wind power to electricity. The greater density of water means that energy can be produced at much lower velocities than is needed to produce energy from wind. The development of tidal stream systems may produce large amounts of baseline energy. It is estimated that the tidal currents around the UK, if harnessed, could provide 48-terrawatt hours of electricity per year. Worldwide estimates for tidal power are about 3,000 gigawatts.
Location is crucial in picking sites for tidal stream systems. Tidal stream systems need a minimum tidal velocity of 1 m per second. The stronger a tidal current is in either height or velocity, the more energy can be produced from the current. Good sites for these systems include Pembrokeshire and the Severn in Wales, the Cook Strait in New Zealand, the Bay of Fundy, New York City's East River, San Francisco Bay and the Channel Islands.
Water density has led to some problems in large scale deployment of tidal stream systems due to broken turbines or problems with mooring turbines in turbulent ocean waters. Some other drawbacks to developing ocean power stations include the corrosion of machinery by salty seawater, the sheer force of the oceans currents that can damage machinery, the cost of building a grid to bring electricity to the continents, and the cost of building the machinery, which is currently very high.
Another form of ocean energy that may see development in the future exploits temperature differences in the world's strongest areas of oceanic circulation such as the Gulf Stream. Other thermal technologies use the difference between surface ocean temperatures and temperatures in the deep ocean to produce power. This technology is currently still in the very earliest stages of experiment and prototyping.
The cost of electricity that may be produced by tidal farms is projected to be much higher than what consumers are currently paying for electricity. There are also groups that are concerned with possible impacts on sea animal activities and loss of recreational areas.
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Rallying organizational and technical experience to drive job growth and promote clean tech. We believe in economic empowerment and the politically transformative potential of distributed energy generation as a key driver for ensuring the long-term resilience of neglected communities.
Abdishakur leads operations on the ground for Qorax through Enersom as the region’s energy sector specialist. In addition to managing operations, he led the execution of an IRB-certified market research survey to understand energy consumption patterns in local households. As part of this initiative, he built relationships with relevant government ministers, regulators, and utilities. In the course of his work with Qorax, Abdishakur has led business development meetings with key energy sector stakeholders in Puntland, southern Somalia, and Kenya.
Abdishakur earned a BA in Finance from Abaarso Tech University and a Master of Engineering Management (MEM) from Gollis University, both in Somaliland. He also studied Electronic Information Engineering at Huazhong University of Science & Technology, in Wuhan, China. He is fluent in Somali, Mandarin, Arabic, and English.
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Nicolas earned a BA in English from Amherst College and a Master in City Planning in the International Development Group at the Massachusetts Institute of Technology. At MIT, he was a fellow at the Legatum Center for Development & Entrepreneurship and The MasterCard Foundation.
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At Brightfields, he was part of a team that built a pipeline of over 200 MW of solar projects nationwide. He has participated in the financing of over $30 million in solar PV projects, including the 3 MW Scituate Solar Array, the second largest landfill solar array in Massachusetts and the recipient of the 2014 Project of the Year Award from PV America. Scituate is the first municipality in Massachusetts to be powered 100% by renewable energy.
Nigel received a BA from Amherst College, where he studied the materials science and system design of photovoltaics and polymer electrolyte membrane fuel cells. He is an Echoing Green Fellow and a recipient of the Harold Grinspoon Entrepreneurship Award.
In addition to Qorax, Nigel is a board member at Cradle for A Cause, an organization that hosts charity lacrosse tournaments to build community action and support high-impact local and national non-profits.
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He has consulted on and directed socio-environmental and sanitation projects in Brazil and Angola. Between 2010 and 2012, he worked for the United Nations Food and Agriculture Organization (FAO), initially serving in Cambodia, and most recently at the FAO headquarters in Italy.
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Prior to Brightfields, Pete was a corporate attorney and Vice President for Corporate Development at Thermo Electron Corporation and a Principal at EnCapital, Inc., a boutique investment bank serving the environmental, energy and engineering industries. While at Thermo, he managed acquisition campaigns, venture capital investments, and initial public offerings. He also conceived, founded and managed Thermo Electron’s consulting practice for facilitating the redevelopment of contaminated properties and the mitigation of contingent environmental liabilities. At EnCapital, Pete originated and managed merger and acquisition and private placement engagements. Early in his career, he worked as an analyst in corporate finance at Lehman Brothers Kuhn Loeb in New York and as an attorney at Nagashima & Ohno in Tokyo and Hale and Dorr in Boston.
Pete is a regular speaker on redevelopment issues at the Boston University School of Management as well as at several trade and educational forums. Pete graduated from Amherst College, Magna Cum Laude, and holds a JD from the University of Chicago.
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Ayanda earned a BA in Economics and Black Studies from Amherst College.
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Eric received a BS from Cornell University in Materials Science and a PhD in Polymer Science and Technology from the Massachusetts Institute of Technology. Eric works full-time as the Technology Evaluation Specialist at MIT’s D-Lab, where identifies technologies that can be brought to scale for positive social impact.
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Claudia has worked in a variety of countries in eastern Africa including Kenya, Ethiopia, Uganda and Somaliland. She holds a master’s degree in development economics and international business from The Fletcher School at Tufts University, and a bachelor’s degree magna cum laude from Brown University.
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Rajiv advises Qorax on issues related to business strategy and governance. Rajiv has extensive experience as a management consultant with Arthur D. Little, advising both private and public sector clients across countries in the Middle East and South East Asia. He has worked on several projects in the renewable energy sector especially related to solar PV. His expertise lies in growth strategy and organization design.
Rajiv has worked with organizations such as the United Nations (DESA and OHRLLS), and the Prime Minister’s Office of India. He also co-founded 91springboard, a business incubator in India. He holds a master’s degree in management from Indian Institute of Management, Ahmedabad (IIM-A) and a bachelor’s degree in engineering (information technology) from Mumbai University. He is currently pursuing a master’s degree in international affairs with a focus on development economics at The Fletcher School of Law and Diplomacy.
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Qorax Energy is a creative and dynamic partner as we combat Somaliland’s high unemployment and high costs of electricity.
Qorax Energy’s approach presents great opportunity for the people of Somaliland.
Qorax’s efforts coincide with the Ministry of Energy’s plans to guide the utilization of solar power and support the Somaliland government’s environmental goals.
600 million live without access to clean, affordable lighting in Sub-Saharan Africa. But the reality is that 25% of these people will never receive solutions because they live in areas that are perceived as too risky or remote. Qorax was founded to bring vital electricity access here, first and foremost in Somalia, Somaliland and the DRC.
Jim Kim: #EnergyAccess is a social #justice issue: https://t.co/l0vzBgmDIl2 days ago
Modernization of #Goma, #DRC's airport set to dramatically ramp up economic activity: https://t.co/SfnMsNMHZa3 days ago
The new light railway in Addis Ababa is a powerful signal of increased #infrastructure spending in the region: https://t.co/y1iXYCFAGy4 days ago
Some interesting statistics about income #inequality. E.g. 71% of adults worldwide have less than $10,000. https://t.co/2wdkMyQd2Q4 days ago
"The best way to predict the future is to invent it." -- Alan Kay5 days ago
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