Exciting SET100 News: Longlisted in the 2021 SET100 list, Standard Microgrid, a leading #solar microgrid developer, recently secured an equity investment from EDF, a global leader in low-carbon energy. 🥁
This move cements Standard Microgrid’s leadership position in off-grid electrification as it marks the EDP Group’s very first investment in a #microgrid operator. The funding will help the scale-up expand its operations in Zambia and achieve its mission to serve clean, low-carbon reliable power to more than 130,000 Zambians from underserved communities that lack access to electricity. 🌍
⚡️ What’s unique about Standard Microgrid?
The scale-up has been one of the pioneers of Africa’s micro-grid sector, using an innovative “energy-as-a-service” model to provide clean 24/7 power to rural customers, without requiring diesel back-up or the use of fossil fuels. The company currently serves power to more than 7,000 in Zambia across 11 microgrids and is busy scaling a 150-microgrid portfolio.
📌 Read more about their latest funding in the official press release 👉
Press Release: EDF invests in Standard Microgrid | Standard Microgrid
Image Source: via intersolar Europe web (©Sebastian Noethlichs_Solarkraftwerk in Afrika / Shutterstock)