Innovation is a key driver of economic growth, development, as well as climate mitigation and adaptation. In emerging markets, new high-quality and modular technologies, such as AI, advanced GIS mapping, remote monitoring, new control software and systems, as well as innovative energy storage solutions are helping drive last-mile rural electrification with decentralised renewable energy DRE. These technologies boost efficiency of systems, increase their longevity and technical sustainability, help project developers better estimate demand, increase financial sustainability of projects, mitigate climate change and help communities respond to health crises, for example via the deployment of modular health clinics for rural communities. If technology can be seen as a vehicle to achieve development, then investments and financing are the fuel that help drive its engine and bring these innovations to market.
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