Helios - High Impact Solar in Emerging Markets
Open-source platform for investment in solar projects in emerging markets, providing high yields and significant CO2 reduction, with a focus on transparent, web3-based impact investing.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:26 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project describes a nearly two-year track record of funding solar projects, suggesting the project well exceeds the three-month minimum.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
Helios's proposal demonstrates a primary focus on climate solutions through investment in solar projects in emerging markets aimed at reducing CO2 emissions, aligning with the criteria.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The information provided does not specify the progress since GR15 or the Alpha & Beta rounds, which is necessary to evaluate against this criterion.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
The provided description lacks detailed information about updated proposals, specific lessons learned, or how additional funding will be utilized, including a timeline for project goals.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The project has demonstrated a credible application of web3 technology to climate solutions by funding solar projects and showing tangible results, which satisfies the viability criterion.