Program Elevates Minority Entrepreneurship in the Energy Sector
A recent initiative is making waves in the energy industry by providing significant support to Black-owned energy businesses. This groundbreaking program not only addresses the lack of diversity in the sector but also offers an innovative business model that is rapidly gaining traction.
WCNC Charlotte’s Michelle Boudin highlights the story of Desmond Wiggan, who founded his company four years ago. The company, Battery Exchange, is now a shining example of success, operating kiosks across North Carolina. These kiosks allow users to rent external portable batteries, a service akin to renting scooters or bikes.
The program has now expanded beyond North Carolina, with a focus on entering markets in the Northeast, Midwest, and other regions. The recent $6.3 million grant from the Department of Energy has been a catalyst for this expansion, bringing together 25 minority-owned businesses in North Carolina.
Enovia Bedford, leading the cohort with Boss Black Owners of Solar Services, emphasizes the importance of this initiative. It provides education, mentorship, and revenue-generating opportunities, which are crucial for community support and encouraging more minority entrepreneurs in the clean energy sector.
Battery Exchange’s expansion is just one success story among many, as the cohort aims to make a significant impact not just locally, but across America.
Source: WCNC Michelle Boudi