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Iluméxico is combating poverty in rural communities with solar energy. These rural communities often lack infrastructure, clean water, and sanitation systems, but they do have one thing in abundance – sunlight. By 2020, the company will electrify 50,000 households and directly impact the lives of over 300,000 Mexicans.
A native of Mexico City, Manuel Wiechers Banuet, the CEO and founder of Iluméxico, has always been interested in developing renewable energy technology. While getting his degree at the Universidad Nacional Autónoma de México, Manuel participated in the Goldman Sachs Global Leaders Program, influencing his decision to develop products for the base of the pyramid. His passion for sustainable technology was sparked again when he won a scholarship to attend the Calgary International Student Energy Summit in 2010. He was inspired by sustainable energy projects, and was determined to bring a similar idea to Mexico. As a result of Manuel’s impactful work, he was recognized as an Ashoka Fellow, GSBI Fellow, Forbes 30 under 30 in Energy 2013, and Clinton Global Fellows, and is part of the Mexico City Council for Sustainable Urban Development.
The company manufactures and sells solar home systems and other solar system solutions. They also provide technical support and micro financing to clients. Unlike competitors, they vertically integrate technology and distribution in their business model. It not only provides clients with equipment, but also oversees installation, maintenance, financing, and capacity-building efforts.
Iluméxico is leading the charge to turn renewable energy solutions into a means of social and economic inclusion.
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