Start-up company Kowry Energy aims to supply energy solutions using photovoltaic systems and battery storage of up to 1MW across sub-Saharan Africa. Joining the company as an investor is Rolls-Royce.
The Berlin-based start-up will empower local, independent energy companies with decentralised energy systems to provide communities and local industries with reliable access to clean energy.
The African market for decentralised energy supply offers great potential. The geographical conditions provide the best opportunity to build a climate-friendly, local power supply for industrial and community customers that operates with a minimum of fossil fuels. As a young company, Kowry Energy can adapt to the realities of the fast-growing African energy market.
Explaining about the investment, Rolls-Royce’s CFO for power systems, Louise Öfverström, said: “Rolls-Royce as investor and industry partner provides Kowry Energy with a strong positioning in the market. The start-up can rely on our support and know-how in implementing their projects.”
The start-up’s founder, Ndiarka Mbodji, adds: “We believe that solving the climate challenge facing our planet will only succeed with the inclusion of the 600 million people of sub-Saharan Africa living without energy today. This requires innovative business models that enable sustainable energy access with scale and speed. With a scale-based business model and Rolls-Royce Power Systems as our investor, we are confident that Kowry Energy will achieve this.”
In cooperation with local independent power providers and operators, Kowry Energy will supply energy solutions using photovoltaic systems and battery storage for the demand of up to 1MW. This minimises the use of fossil fuels and makes optimal use of the climatic conditions in Africa. Kowry Energy supports its customers every step of the way; from project development and design to sourcing the equipment and offers its customers fully integrated hybrid solutions.
“Africa is one of the most important growth markets and the demand for reliable, renewable and affordable energy will increase massively. That’s where Kowry Energy comes in. The business model has convinced me,” says former British Africa Minister Lord Bellingham, who alongside Öfverström, and German-African Business Association Chairman, Prof Dr Stefan Liebing, forms the Board of Kowry Energy.
“We are excited to be launching this year in Mali and Nigeria and to see our business model validated by a current projects pipeline of $17 million and growing rapidly, and I look forward to welcoming more investors committed to sustainable energy access in sub-Sahara Africa”, says Mbodji.