Solving high-value problems for energy companies
SteamaCo: the complete IoT smart metering platform
SteamaCo is an Anglo-African IoT smart metering technology company with operations in Sub-Saharan Africa.
We exist to solve the highest-value challenges for energy companies in both the grid and the off-grid sectors.
For the off-grid sector
Our IoT smart metering platform is a complete hardware and cloud-based management system that helps you bring clean, reliable and low-cost energy to some of the most remote places on Earth.
For the grid sector
We offer the industry’s premier AI-driven ATC&C loss prevention technology, and we co-create with pioneering distribution utilities to help you detect theft, resolve it fast and meet regulatory losses targets.
How we got to where we are today
SteamaCo started in 2012 as an Africa-based mini grid developer. There were challenges out in the field, and we became a technology company to overcome them.
First, we built a smart meter and an IoT automation platform, using data to solve the off-grid connectivity and pay-to-power challenges. Then, we found that mini grid developers across Africa faced those exact same challenges.
With venture backing, we launched the world’s lowest data-usage smart meter and DCU (data concentrator unit) to keep power uptime high, data costs low, with a pay-to-power time of as little as three minutes.
Over the years, we’ve grown, and we’ve added great people to the business so that we can work in close partnership with our customers, making sure that they achieve success. It’s why we’re the dominant mini grid technology provider, serving utilities in sixteen countries.
Meanwhile, we’re co-creating the new future of African energy, working with pioneering distribution grid utilities to solve their highest value problem: detecting theft so that they can resolve it fast.
SteamaCo: from then to now
2022
Launched Aurora AI theft detection platform
Pilots showed increased utility revenue by 150%
Partnered with Odyssey on NEP funded projects
Opened African offices in Abuja
2021
Awarded AMI contract for the Nigerian REA’s EEP
Became DLMS/COSEM compliant
Partnered with Nextier Power
Partnered with Shenzhen Donsun smart meters
2020
55,000 meters sold in ten countries
Product launch: Edge 6
$5m Series B, co-led by Shell and Praetura Ventures
Award: Finance for the Future Innovative Project
2018
28,000 meters sold in seven countries
Established supply chain in Asia
$150k Horizon 2020 and Innovate UK grant
Award: Global Cleantech 100 Ones to Watch
2017
Product launch: bitHarvester v5
$2.9m Series A, led by Shell
$300k Innovate UK grant
2016
Product launch: Steama UI
2015
Product launch: bitHarvester v4
Award: Ashden International Gold
Move HQ to Manchester, UK
2014
Pivot: energy automation technology
Rebrand: SteamaCo
$250k seed financing
2013
Develop bitHarvester v1 and v2 and Mingi cloud software
Pivot: micro utility developer
2012
Kenya, company founding: Access Energy, a wind turbine manufacturer
$250k seed financing