Husk Power Systems receives $20 million

photonJanuary 25, 2018302

Husk Power Systems, distributed utility company operating rural mini-grids in Asia and Africa, announced a $20 million equity investment by Shell Technology Ventures LLC, Swedish development finance institution Swedfund International and Engie Rassembleurs d’Energies, Engie group’s impact investment fund.

Husk currently designs, builds, owns and operates one of the world’s lowest-cost hybrid power plant and distribution network in India and Tanzania. Husk developed a proprietary system by combining and synchronizing solar PV, biomass gasification system and batteries. It offers customers a »pay-as-you-go« energy service, using a mobile-enabled smart metering system. Established in 2008, Husk pioneered an off-grid power generation and distribution solution to serve rural customers in Bihar, one of India’s most energy deficient states.

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