SteamaCo Joins MSL for Rural Energy Solutions
SteamaCo, a leading venture-backed microgrid monitoring and payments platform based in Kenya, has joined MSL and its efforts to drive systems-level innovation in clean “energy poverty” solutions, for those lacking dependable access to electricity. SteamaCo has built more than 30 rural microgrids throughout the developing world. The company’s technology enables microgrid owners to monitor performance remotely, and capture consumer payments via mobile phone-based payment platforms, thereby overcoming many of the major challenges of keeping rural microgrids functioning reliably and profitably.
As stated in a 2015 article in The Guardian, “This simple but fundamental transition stands to make investment in solar micro-grids a truly compelling prospect, bringing electricity to millions and giving local entrepreneurs the tools to thrive.” (more…)