Tag: energy

Mali-based Energy+ raises over $1-million in funding

Mali-based off-grid solar startup, Energy+ has raised over a million US dollars funding from a number of financiers. The consortium of financing partners includes: VentureBuilder, which led the round, a grant from United States African Development Foundation (USADF) and a debt facility from Cordaid Investment Management (Cordaid). Energy+, which was founded in May ...

Oikocredit invests € 1 million in Rwanda’s Inyenyeri to reach 150,000 households with clean energy

Social impact investor Oikocredit has made a € 1 million convertible loan to Inyenyeri, a fuel-utility company providing clean and environmentally-friendly cooking solutions in Rwanda. The announcement was made today at the Sustainable Energy for All Forum in Lisbon, Portugal. According to Eric Reynolds, CEO at Inyenyeri, “The Inyenyeri Fuel+Stove system ...

Images of branding, products and clients in and around the town of Kitale, NW Kenya, for M-KOPA SOLAR, a mobile technology innovating company who believe in the huge potential of transformative, affordable products such as solar panels and lights, the D10 and D20, designed for underserved consumers.

Renewable Mini-Grid Industry Association Established in Africa to Help Drive Economic Development

The Africa Mini-grid Developers Association (AMDA) has been established as a trade association — currently numbering 11 member companies including innovative start-ups and established utilities. The association aims to combine private sector innovation, efficiency, and customer service with public sector support to help end energy poverty across Africa. AMDA  is ...

Husk Power Systems raises $20m from Shell, Swedfund, ENGIE to scale renewable mini-grid business in Africa and Asia

Husk Power Systems, a rural distributed utility company operating mini-grids in Asia and Africa has raised $20 million equity investment led by Shell Technology Ventures with participation of Swedfund International and ENGIE Rassembleurs d’Energies to accelerate its growth to develop what the International Energy Agency estimates as a $190 billion mini-grid ...

Why Energy Resources Are So Important

The modern world runs on energy. This might seem obvious, but in terms of history, it is rather a dramatic development. Prior to the industrial revolution, human society used very little energy beyond what human labor, animal power, and what basic natural resources like wind, water and fire could provide. ...

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