New Solar Mini-Grids In Africa To Be Powered By Husk Power Systems’ $103M Series D

Oct 24, 2023•almost 2 years ago

Amount Raised

$103 Million

Round Type

series d

NigeriaArtificial IntelligenceSolarRenewable EnergyEnergy

Description

Husk Power Systems, a clean energy company at the forefront of fueling rural electrification since 2008 and that announced plans to launch 500 solar mini-grids in Nigeria over the next five years, has raised $103 million Series D in equity and debt to meet its objectives.

Company Information

Company

Husk Power Systems, Inc.

Location

430 NORTH COLLEGE AVE

Nigeria

About

The company said this approach is progressively becoming more intelligent and automated, powered by AI and IoT.“We have evolved our technology in multiple aspects. Clean energy firm Husk signs UN energy compact as it begins solar mini-grid expansion in Nigeria, rest of AfricaWhile each cleantech platform has its competitive edge, they may need to engage multiple governments instead of venturing independently if they want to scale faster, Sinha noted. So these companies must come together to solve the problem of electrifying half a billion people over the next seven years.

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Medium Activity

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