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SparkMeter Closes $12M Round to Expand From Metering Minigrids to Analyzing ‘Broken Grids’

GreenTechMedia

Remote minigrids are a tough market for a traditional smart meter vendor. The meters that minigrids use need to be cheap, rugged and reliable, and they must be able to adjust to the often unstable operating conditions of solar-powered standalone grids. ” The World Bank’s International Finance Corp.

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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.

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Enlit Africa and industry leaders showcase power and energy industry development

Smart Energy International

On the face of it, the power sector in Africa seems to be in trouble. Yet, there is another side to this tale of darkness – one in which electrification, light, new interconnections and power developments are springing up all over the continent and innovative technology is being adopted at a rate never seen before.

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BBOXX Lands $50M Led by Mitsubishi to Boost Off-Grid Solar in Africa, Asia

GreenTechMedia

BBOXX, a startup delivering pay-as-you-go solar PV plans to hundreds of thousands of African homes, has landed a $50 million investment led from Japanese industrial giant Mitsubishi, marking another major funding milestone in the off-grid solar market. Roughly 600 million of Africa’s 1.2 billion at the end of 2018.

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A Vibrant Cleantech Startup Ecosystem Takes Root in India

GreenTechMedia

Several floors below the firm’s balcony, power lines crisscross over piles of garbage, a fleet of rickshaws and cow patties on a rooftop, being dried for cooking fuel. “I don’t think you can just deploy solar and solve everything,” he said. Demand for flexible, clean power spurs startup activity.

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Smart Energy Finances: Glasgow’s SMS acquires heat pump specialist

Smart Energy International

Glasgow-based Smart Metering Systems (SMS plc), an energy infrastructure company, has acquired the domestic services division of Manchester-based heat pump specialist Evergreen Energy, which imports and distributes European-made renewable energy products.

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Smart Energy Finances: Decarbonisation purchasing moves up the ESG agenda

Smart Energy International

This week’s edition of Smart Energy Finances sees a new study from BDEW and CapGemini detail how sustainable transformation and decarbonisation purchasing are more important than ever for Austrian and German utility Environmental, Social, and Governance (ESG) goals. ESG for utilities: decarbonisation on the up. Microgrid debt financing.