This week on Sea Change Radio, we take a break from worrying about the election and look beyond these shores. First, we speak to Ayoola Dominic, the CEO and Co-Founder of Koolboks - an innovative refrigeration solution for the large swaths of sub-Saharan Africa that don’t have reliable access to electricity. We get an in-depth look at the company’s technology, learn about the challenges they’re facing and discuss the relationship between Koolboks and the Clinton Global Initiative. Then, we revisit part of our 2023 conversation with author Tim Killeen who has chronicled efforts to curb deforestation in the Amazon.
Narrator | 00:02 - This is Sea Change Radio covering the shift to sustainability. I'm Alex Wise.
Ayoola Dominic (AD) | 00:17 -So what Koolboks has done is we've integrated for the first time in freezers, lithium-ion batteries. So what happens is when you have power, you can connect them to the grid, and when we don't have power you can actually charge with the solar panels.
Narrator | 00:35 - This week on Sea Change Radio, we take a break from worrying about the election and look beyond these shores. First, we speak to Ayoola Dominic, the CEO and Co-founder of Koolboks, an innovative refrigeration solution for the large swaths of Sub-Saharan Africa that don't have reliable access to electricity. We get an in-depth look at the company's technology, learn about the challenges they're facing, and discuss the relationship between Koolboks and the Clinton Global Initiative. Then we revisit part of our 2023 conversation with author Tim Killeen, whose chronicled efforts to curb deforestation in the Amazon.
Alex Wise (AW) | 01:37 - I'm joined now on Sea Change. Radio by Ayoola Dominic. He's the CEO and Co-founder of KoolBoks. Ayoola, welcome to Sea Change Radio.
Ayoola Dominic (AD) | 01:47 - Thank you so much, Alex, for having me.
Alex Wise (AW) | 01:49 - It's a pleasure to have you. Why don't you explain to us what Koolboks is, and if you can summarize what your product is all about, that would be great.
Ayoola Dominic (AD) | 01:58 - So I'll, I'll start with, uh, a bit of a context. So in, in Sub-Saharan Africa, you have over 600 million people that lacks access to electricity and therefore lacks access to refrigeration. Um, as compared to Europe and America, where you have a hundred percent penetration in refrigeration in Sub-Saharan Africa, you'll be shocked to know that it's only 17%. I repeat only 17% of the people have access to refrigeration.
Alex Wise (AW) | 02:30 - We're talking permanent refrigeration, like you have a refrigerator running 24 7, right?
Ayoola Dominic (AD) | 02:36 - Correct. And you obviously, we know what that means in terms of food wastage. About a third of all food is wasted before it gets to market. And we're talking small restaurants, we're talking small bars, and these are things that normally we would take for granted in the West, but it's a real problem in Africa. So, um, looking to solve this problem, myself and my co-founder, like three years ago, designed to found a company called the Koolboks. And the goal was to make refrigeration affordable and accessible to everyone that needs it. So using the sun and water, which is abundant in Africa, we created a solution that is able to generate refrigeration for up to four days, whether or not you have power, whether or not you have sunlight. And this we did by storing energy in the form of ice as opposed to just storing energy in the form of batteries. But of course, looking at the peculiarity of the customers we serve, then the big question, I mean, what good is the technology if no one can afford it? So what we did was we integrated in our units a pay as you go technology enabling individuals and small businesses to be able to pay as low as 10 to $15 every month to own a refrigerator. And today we've deployed in over 6,000, um, units across 26 countries in only three years, and we're still doing more actually.