Headquartered in Kenya, BURN is leading the charge in sustainable cooking solutions across nine African countries, employing over 3,500 people and manufacturing environmentally-friendly cookstoves designed to alleviate various health and economic challenges.
Locally Manufactured Cookware for Cleaner Kitchens
The ECOA Induction Cooker, a revolutionary appliance by BURN, is now available with a three-piece stainless steel induction cookware set entirely manufactured in Kenya. This induction cooker is designed to reduce indoor air pollution, decrease cooking time, and cut household costs on cooking fuel. Since its inception, BURN has distributed over five million clean cookstoves across Africa, a testament to its impact in improving household health and efficiency.
Tackling Health and Environmental Challenges
BURN’s electric and biomass stoves provide a sustainable alternative to traditional cooking fuels like firewood and charcoal, which are associated with serious health, environmental, and economic problems. By shifting to clean, energy-efficient cookstoves, BURN aims to address these pressing issues, especially in regions where indoor pollution and deforestation from charcoal production are prevalent.
Pay-As-You-Cook Model for Affordable Access
Peter Scott, Founder and CEO of BURN, emphasized the company’s commitment to reaching low-income households. Through its Pay-As-You-Cook (PAYC) electric cooking model, already launched in Kenya and Tanzania, BURN enables users to pay for energy as they cook. This investment from the European Investment Bank (EIB) will help BURN transition over a million households to electric cooking, tapping into grids that are 80-95% powered by renewable energy.
Series of Investments Driving BURN’s Mission
The recent EIB investment comes on the heels of a $9.2 million funding injection from Marex, supporting BURN’s production, distribution, and monitoring of clean cooking solutions across Africa. This Marex investment brings Key Carbon’s total investment in BURN’s carbon credit projects to $45 million across eight African countries, signaling strong investor confidence in BURN’s environmental impact.
New Assembly Plant in Nigeria and Expanding Distribution Network
Earlier in 2024, BURN received over $12 million in funding led by Key Carbon Ltd. to distribute both electric and biomass stoves in multiple African countries. To meet growing demand, BURN launched its first assembly plant in Kano, Nigeria, in Q2 2024. This facility is dedicated to increasing access to affordable, clean cooking appliances, further strengthening BURN’s commitment to sustainable cooking across Africa.
Through these investments and innovations, BURN continues to drive clean energy access, reduce environmental impact, and provide affordable cooking solutions for millions across the continent.
Source: Techpoint