Bloomberg Foundation Invests $5 Million In Solar-Powered Lamp

NEW YORK (April 22, 2014) Bloomberg Philanthropies, former New York Mayor Michael Bloomberg's foundation, announced a $5 million investment Tuesday in a solar-powered lamp designed for use in off-grid populations in Africa.

The foundation says the lamp, called the Little Sun, will provide clear, affordable energy to places dependent on costly and toxic kerosene lighting in sub-Saharan Africa.

The foundation will provide a low-interest rate loan to help the business grow.

The portable lamp created by Danish artist Olafur Eliasson and engineer Frederik Ottesen lasts two to three years before needing a new battery.

The Little Sun project was launched in 2012 at the Tate Modern museum in London.

Consumers in the U.S. and Europe also can buy Little Sun at some museums and stores.

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