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Energy in Common information


Energy in Common
Formation2009 (2009)
Dissolved2013 (2013)
TypeNonprofit organization
FocusEconomic development
Location
  • United States
Area served
World-wide
MethodMicrocredit
Key people
  • Scott Tudman (Chief Executive Officer from 2011)
  • Hugh Whalan (Chief Executive Officer 2009-2011)
Websitewww.energyincommon.org[dead link]

Energy in Common (EIC) was a not-for-profit organization issuing microloans specifically and only for renewable energy technologies. It operated between 2009 and 2013 when it suspended its lending activity due to a lack of funds.

What made EIC particularly unique in the microfinance non-profit sector was that they created a model to measure the greenhouse gas emission reductions that were created by their loans. The EIC model helped provide funding to developing world entrepreneurs for energy solutions and also helped to channel additional funding into mitigating climate change.

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