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Kopernik receives $80K in grants from Daiwa Securities Group and $11K from Russell Investments Japan for energy and water projects in developing Asian countries. We are pleased to announce Kopernik has received approximately $80,000 in grants from Daiwa Securities Group and $11,000 from Russell Investments Japan for Asia-focused energy and water projects.
The funds will enable seven new projects to be implemented that will benefit remote and vulnerable populations in Timor-Leste, Viet Nam and Indonesia. The technologies include solar-powered lights, biomass stoves and briquettes, water purification units and solar-powered hearing aids. Safe and efficient energy sources and reliable access to drinking water are two of the most significant needs for developing populations in rural areas.
“This is unlike a traditional development project,” said Mariko Kawaguchi, Managing Director of Daiwa’s CSR Group. “We like the technology focus and transparency of Kopernik, the very clear cost structure and emphasis on the ‘last mile’” The last mile refers to the final push needed to bring a needed technology to the user.
We are extremely excited and grateful to receive this round of funding. The commitment Daiwa Securities Group and Russell Investments Japan have made to us demonstrate the positive impact we have had and will continue to have in our efforts to develop innovative solutions for the developing world.