Sesame Solar is selling mobile disaster relief units powered entirely by clean energy

Sesame Solar is selling mobile disaster relief units powered entirely by clean energy


Michigan-based startup Sesame Solar is producing what it deems the world’s first fully-renewable mobile nanogrid for natural disaster relief. Its units can be used as mobile communications and command centers, medical units, kitchens and even temporary housing. The systems can be ready for use within 15 minutes of arrival.

Most mobile units like these have been powered by diesel fuel, which emits carbon dioxide when burned, contributing to climate change.

But Sesame’s units have solar panels on top which unfold, giving the company its name — a reference to “open sesame.”

“The whole concept is that no fossil fuels are required to be able to have days or weeks of energy autonomy after an extreme weather disaster, like a hurricane or tornado or wildfire, or an event of grid outage in California…or a cyber-attack, or anytime the grid is just down,” said Sesame co-founder and CEO Lauren Flanagan.

“We combine solar and battery storage, or we also have other sources of renewable power, we use green hydrogen as backup power. And we can do small wind turbine if conditions are right,” added Flanagan.

Sesame sells the systems for anywhere from $100,000 to $300,000, or more for larger installations like a full medical clinic. It has sold more than 50 units since it launched just this past June. Its customers already include the U.S. Air Force, as well as cable providers like Cox and Comcast.

“There have been 18 multibillion-dollar climate disasters in the U.S. in the last 18 months. And it’s rare you’re going to find a company that already has revenue, already has customers, already has impacted the world, and has done it on a shoestring budget,” said Vijay Chattha, with VSC Ventures, one of the investors backing Sesame Solar.

Others include Morgan Stanley, Pax Angels, and Belle Capital. The company has raised only $2 million so far, which may seem like very little for a company with such broad potential. But Flanagan said revenues tripled in the last year and are set to do that again this year.

“The reason we haven’t raised a lot of capital is because we have revenues. I’m a kind of old-school operator, I believe in get product market fit, find customers who will pay, iterate and improve it and try to run as close to break-even as you can, and then you’ve got options, right?” she said.

 One of those is a potential new business model where rather than selling the units the company would rent them out. She wants to get FEMA on board with something like that, which she said would be a gamechanger.

 Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.



Source

The U.S. now has a third of the world’s millionaires and billionaires
Business

The U.S. now has a third of the world’s millionaires and billionaires

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint […]

Read More
Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming
Business

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California.  Justin Sullivan | Getty Images Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings […]

Read More
Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
Business

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such vehicles can function as an all-electric vehicle for a certain number of miles before […]

Read More