Energy 4 Impact’s research programme Crowd Power examines the role of alternative finance in supporting the growth of the energy access sector with a particular focus on crowdfunding. Since 2016 crowdfunding, particularly through debt-based models, has become an important source of financing for SMEs operating in the energy access sector in developing countries. This report reveals the dynamic landscape of energy access crowdfunding, providing a comprehensive overview of the sector's trends and the forces shaping the industry in 2022.