SteamaCo, a UK-based company, offers advanced smart metering across Africa and Asia. The company says its cloud-based solution is integral to getting energy to those who don’t have access. Patrick Kingsland asks CEO and co-founder Harrison Leaf about how the technology works.
In another highly impressive category, Emily Moder was highlighted by the judges for the impact she has had as COO of smart metering specialist SteamaCo and her commitment to bringing clean, affordable, and transformational utility services to off-grid communities across the developing world.
21 Dec 2017 MANCHESTER, UK — SteamaCo, a market leading technology company focused on enabling energy access in frontier markets, today announced its $2.9 million Series A equity financing. The investment supports the company to further develop its universal smart meter platform for utility customers in Africa, Asia and Latin America. Shell led the investment round, with participation from existing investors: GReeN investor group and Ashden Trust.
Cisco and Manchester Science Partnerships (MSP) announced today the opening of Mi-IDEA, a post-accelerator based in Manchester. It aims to help tech startups flourish and encourage innovation between businesses, academia and the government.
Another company with abundant potential is Kenya's SteamaCo, which is applying smart technology to the challenge of rural electrification through the creation of microgrids, offering a low-cost solution for unconnected households. With just 19% of Kenyans connected to the grid the potential market is vast.
The GCT100 Ones to Watch list seeks to highlight a group of up and companies that are catching the eye of leading investors and corporates in the market. The companies made the top 250 in this year’s Global Cleantech 100 program and carry pockets of strong support among the GCT100’s expert panel, albeit they did not have quite enough market support to make the 8th edition of the Global Cleantech 100 list itself (which will be published on January 23, 2017). As such, these companies represent this year’s Ones to Watch. “The Global Cleantech 100 program is our annual in-depth research exercise to identify the innovation companies leading players in the market are most excited by right now”, said Richard Youngman, CEO, CTG, “By the nature of the list, the Ones to Watch truly represent the next cadre of exciting disruptive companies.”
Off-Grid Solar Microgrids: Reaching Communities that Utilities Haven’t
An estimated 620 million of the more than 2 billion people around the world who lack access to reliable sources of electricity live in sub-Saharan Africa, many of them eking out an existence from smallholder farms. Multilateral development agencies, governments and utilities have been considering and attempting to roll out public grid infrastructure for them for decades with little success.