Rolls Royce Invests in Energy Startup, Kowry Energy

Rolls Royce has announced that it is investing in Berlin-based start-up Kowry Energy, a provider of sustainable and decentralized energy systems that supports the sustainable expansion of energy infrastructure in Sub-Saharan African by combining renewable energy sources such as photovoltaic and battery storage systems.

“The African market for decentralized 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,” says Power Systems CFO Louise Öfverström.

In cooperation with local independent power providers and operators, Kowry Energy will supply energy solutions using photovoltaic systems and battery storage for demand of up to 1 Megawatt. This minimizes the use of fossil fuels and makes optimal use of the climatic conditions in Africa. The company will be launching this year in Mali and Nigeria.

Also, Lord Bellingham and Dolapo Kukoyi, Nigeria’s leading lawyer in the power sector, have joined the firm’s board of directors.

Kowry Energy is a sustainability-driven energy service provider, offering tailor-made solutions to local independent energy companies, combined with appropriate financing solutions to strengthen local businesses and enable communities. The firm’s core value proposition is to scale energy access at pace with flexible and modular hybrid solutions and provide data-centred solutions for further growth.

SOURCE: https://kenyanwallstreet.com/

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