C-Quest Capital LLC (“CQC”) is pleased to announce that it has closed a US$14 million funding commitment from GenZero, a global investment firm headquartered in Singapore, and Pavilion Energy a global energy merchant with offices in Singapore and Spain, to expand their clean cookstove program across South-East Asia.
The investment will initially fund the deployment of clean cookstoves to 650,000 rural households across Thailand, Vietnam, Cambodia, and Laos, with the opportunity to further scale to 1 million households. It also underscores GenZero, and Pavilion Energy’s continuing journey to catalyze decarbonization efforts that will address today’s climate challenges. CQC has an innovative two stoves per household approach and provides each household with one of the most thermally efficient rocket stoves on the market, supplemented by an artisan-produced clay stove to meet local cooking culture requirements. This approach serves to minimize the use of inefficient, polluting open fire cooking and maximize health and time savings benefits to women, girls, and infants. The projects will generate c.48 million carbon credits over their lifetime, as well as significant sustainable development impact across health and well-being, gender equality, affordable and clean energy, and economic growth.
“This partnership with GenZero and Pavilion Energy is catalytic, enabling the delivery of clean cooking services and the knock-on impacts of improved health and prosperity for rural women at scale across the region,” says Ken Newcombe, CEO of C-Quest Capital.
About C-Quest Capital
C-Quest Capital is a world-leading carbon project developer with a track record of delivering transformative carbon projects across Sub-Saharan Africa, South-East and South Asia, and Central America. CQC’s mission is to catalyze a sustained transition to a climate-resilient future for communities whose health and economic welfare are at risk from climate change. Our activities focus on the distributed energy and land use sectors: providing access to sustainable and clean energy solutions, thereby reducing greenhouse gas emissions, combating global climate change, and improving the health and wellbeing of women and children. CQC was founded in 2008 and is headquartered in Washington D.C., USA, with subsidiaries in India, Malaysia, Singapore, and Australia, and on-the-ground teams in Malawi, Kenya, Zambia, and Cambodia, and active carbon projects in over 17 countries. For more information on C-Quest Capital, please visit www.cquestcapital.com.
About GenZero
GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, GenZero seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in opportunities with the potential to be nurtured into impactful and scalable solutions.
Driven by a common purpose to decarbonise for future generations, GenZero recognises the need for a holistic and integrated approach to achieve a net zero world. GenZero adopts a flexible investment approach across three focus areas to drive climate impact: (i) technology-based solutions that deliver deep decarbonisation impact; (ii) nature-based solutions that help protect and restore our natural ecosystems while benefiting local communities and biodiversity; and (iii) carbon ecosystem enablers which refer to companies and solutions that support the development of an effective, efficient, and credible carbon ecosystem.
For more information on GenZero, visit www.genzero.co.
About Pavilion Energy
Pavilion Energy is a wholly-owned subsidiary of Temasek. Headquartered in Singapore, its global energy business encompasses natural gas supply and marketing activities in South-East Asia and Europe; global LNG trading, shipping and optimization, and energy hedging and financial solutions. Pavilion Energy has also been a pioneer by developing LNG bunkering for the maritime industry and by promoting greenhouse gas emissions reduction and carbon offsets in the LNG value chain. As an advocate for LNG and natural gas as fuels of choice, we are driving energy transition efforts towards a more sustainable future for generations to come. For more information about Pavilion Energy, visit www.pavilionenergy.com.