- Rolls-Royce is set to invest in a renewable energy startup.
- Kowry energy offers combined solar plus storage services for IPP.
- The company is set to launch this year in Mali and Nigeria.
Rolls-Royce plans to expand its activities in Africa via an investment in Berlin-based startup Kowry Energy GmbH. Kowry Energy develops decentralised and sustainable energy systems for the African market. The company plans to support the deployment of clean energy in Africa.
The company provides combined solar and energy storage systems of up to 1MW to help independent power producers reduce fossil fuel reliance.
Louise Öfverström, CFO of Power Systems at Rolls-Royce, noted that the African market for decentralised energy supply offers great potential, and Rolls-Royce can help Kowry Energy adapt to the realities of the fast-growing African energy market by providing a strong positioning for Kowry Energy in the market.
Ndiarka Mbodji, the founder of Kowry Energy, stated that solving the climate challenge will only be possible by including the 600 million unconnected people living in Sub-Saharan Africa. “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. 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-Saharan Africa,” Mbodji added.