Energy is the key element which connects our societies, politics, and economies to the environment. In present times, it is an inalienable resource required to run our day—to—day lives seamlessly, particularly in the form of electricity. It serves as a catalyst for the growth of developing societies and economies. This, accompanied with the rise in advanced technologies and innovative practices, adds further value to an otherwise constantly evolving standard of living. It ensures the lifting up of society from the clutches of poverty, hunger, water crisis, diseases etc. And yet nearly one sixth of the global population lives without access to clean and smart energy.
As per the Least Developed Country (LDC) Report 2017: "62 percent of people in least-developed countries (LDCs) have no access to electricity, compared with 10 percent across other developing countries. Today, the majority of people worldwide who lack access to electricity live in LDCs — a proportion that has grown steadily from less than one third in 1990." This statistic emphasizes the fact that access to regular, adequate, safe, affordable, reliable, and diverse energy resources is fundamental to the eradication of poverty, and to promoting social equity and economic development.