Summary
The Transforming Inclusive Energy Markets (TIME) partnership is led by the Shell Foundation and supported by the Transforming Energy Access (TEA) platform. TIME supports a just, inclusive, clean energy transition by accelerating the impact of pioneering enterprises and enabling intermediaries. The partnership takes an “ecosystem” approach, addressing core market barriers and bottlenecks for the sector (i.e., supply, demand, finance and institutions). It helps to de-risk the sector for new and emerging innovators and enterprises, by scaling up existing proven models and enterprises, piloting new models for market opportunities, reducing market barriers that constrain growth, and catalysing private investment. TIME offers much needed catalytic capital, combined with venture and market building support, to enable enterprises to progress from grant/repayable grant through to concessionary financing (including through partnerships with the likes of the US Development Finance Corporation and the UK’s British International Investment) and ultimately to commercial capital.