WhatsApp Image 2024-11-05 at 12.20.47 UK-based energy revenue management company, SteamaCo, has merged with Nigerian digital energy solutions provider, Shyft Power Solutions. The merger, announced on Tuesday, coincides with a fresh funding round led by Equator VC, along with Praetura Ventures and KawiSafi Ventures, all of whom are prominent investors in African and climate technology. It marks a strategic union of two pioneering firms in advanced metering, set to enhance grid-connected solutions and broaden customer reach across Africa. “Distributed energy resources like solar home systems and mini-grids are critical to addressing this energy access crisis. “With our combined expertise, the newly formed SteamaCo-Shyft entity aims to support power providers in implementing data-driven solutions to improve operational efficiency, streamline revenue management, and reduce downtime,” a statement from the companies noted. SteamaCo’s Managing Director, Tom Parkison, emphasized that the merger strengthens the company’s expansion in Africa, stating, “By combining our advanced metering technology with Shyft’s local expertise, we can better meet customer needs and provide tailored solutions for Africa’s energy challenges.” Related News Shyft CEO, Ugwem Eneyo, expressed optimism about the merger’s potential, saying, “Our vision extends beyond technology; it’s about transforming the energy experience for providers and consumers. Together, we’re […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
