About the startup
POEL manufactures and sells Powerstove, a patented innovative IoT-enabled smokeless stove that reduces fuel costs and GHG emissions. The company also produces wood pellets from upcycled wood waste, which are 80% cheaper than charcoal, firewood and kerosene. The Powerstove burns these wood pellets like cooking gas and self-generates electricity to charge mobile phones, power LED lamps and appliances. Powerstove is bringing clarity to the carbon market with its IoT system that tracks and sends data remotely to the base server, while Machine Learning (ML) quantifies and analyzes this data as CO2 credits generated by Powerstove and fuel. Using this data-driven ML enables us firstly to determine how much a user is being paid for cooking, secondly to increase transparency on carbon offsetting projects, and finally to increase accountability and credibility. All Powerstove products solve energy poverty in a cost-effective, clean and versatile energy system for rural and urban households.