ATEC's patented IoT stove products deliver modern, affordable cooking to emerging market households which simultaneously generate 100% verifiable, real-time Gold Standard carbon credits.
Can climate outcomes be used to compound scale in solving the cooking problem for 50% of the world's population? ATEC’s Impact Flywheel is our 'secret sauce' to achieving this and delivering impact at scale. Through utilising technology to seamlessly connect emerging market households with international capital, we can scale both the cooking and carbon market solutions to their full potential.
But we believe this secret sauce belongs to everyone, so we published the methodology in full on Next Billion on the link below
ATEC provides households sustainable, affordable and accessible modern cooking products.
Through sales of our two flagship on-grid and off-grid products.
50% cheaper than LPG or charcoal, Magnetic Induction technology makes cooking cleaner, safer and more efficient.
Converting farm waste into safe and clean biogas for daily cooking needs plus high-value organic fertiliser.
Our embedded finance Pay-As-You-Go (PAYGO) technology make it easy and affordable for households to make monthly instalment repayments. Once the asset is paid off, households continue to enjoy modern cooking while usage data is simultaneously converted into carbon credits for up to 15 years.
As of January 2023 ATEC has solved clean cooking for 9,721 families, impacting over 48,000 lives.
March 22, 2023
The first major deal signed under Gold Standard’s new metered methodology
April 27, 2022
Startup ATEC has raised US$1,313,000 in a bridge convertible note round
January 26, 2022
Voluntary carbon market will work on offsetting carbon and will make clean cooking accessible for all and improve livelihoods