LONDON, 03 March 2022: The award-winning company Wonderbag has recently closed a deal with EDF Trading, a wholly-owned subsidiary of EDF S.A.
In a first deal of its type for EDF Trading, the agreement is for the purchase of carbon credits produced by Wonderbag and will form part of EDF Trading’s extensive portfolio of energy efficiency projects around the world.
“We are delighted to be working with Sarah and her team. Her incredible innovation is having a real impact on reducing carbon emissions every day and enabling safer cooking conditions for vulnerable communities in Africa”, said Paul Kitchen, Head of Environmental Products at EDF Trading.
The Wonderbag is a non-electric, heat retention cooker that allows food that has been brought to the boil using conventional methods, to continue to cook for up to eight hours without using additional energy resources dramatically reducing the need to burn wood or other fossil fuels when cooking.
Three billion people still cook on an open fire and seven million people die from indoor-air pollution diseases each year. One Wonderbag can reduce household air pollution by 90% and reduces the amount of firewood collected by up to 80%.
“My dream has been to create a business that interlinks economic, social and environmental positive impact. Wonderbag is delivering just that – equality across the circular models of the future”, said Sarah Collins, Founder and CEO of Wonderbag.
The deal was facilitated by independent financial advisory firm Bastion Advisory, Wonderbag’s commercial partner.
You can find out more about this product by visiting wonderbagworld.com.
For further information, please contact:
Wonderbag: Nene Granville | nene@industrymenu.com | +447940264948
EDF Trading: Michele Reid | Head of Communications | michele.reid@edftrading.com | +44 (0) 20 7061 4232