Husk Power Systems has opened its U.S. headquarters at CSU's Powerhouse in Fort Collins. With $20 million in equity financing from Shell, Husk plans to ramp up growth to develop an estimated $190 billion grid market in India, Tanzania and other locations.
The future of rural electrification may be SharedSolar systems, which connect users to a nearby microgrid. Pre-paid cards, purchased from local vendors, are used to access electricity. Husk Power Systems and Earthspark are both working toward making this a reality for more rural residents.
SunDanzer won awards in two categories at the 2016-17 Global LEAP Awards Off-Grid Refrigerator Competition. Their products have been recognized as among the world’s best, most energy-efficient refrigerators that are designed for compatibility with off-grid solar energy systems.
SunDanzer was recently the winner of two Global LEAP Awards in the Off-Grid Refrigerator Competition at the Global Off-Grid Solar Forum and Expo. The $200,000 cash prize for each win is in recognition of their innovative, groundbreaking work. Congratulations to everyone at SunDanzer!
SunDanzer Refrigeration was a big winner at the Global LEAP Awards Off-Grid Refrigerator Competition—two of their products won innovation cash prizes of $200,000 each for demonstrated market-leading advancement in energy efficiency and overall value. Congratulations and good work!
With a $20 million venture capital infusion for their mini-grids, Powering Agriculture Innovator Husk Power Systems is pressing forward with its mission to electrify rural communities, much like the one in India where Manoj Sinha, the company’s co-founder and CEO, grew up.
With the help of her Futurepump solar irrigation system, Kenyan farmer Hakima Mohammed has become a successful business owner. Since 2013, she has sold over 1.5 million seedling trees, mainly to local small-scale farmers, who are planting them as a way to boost their incomes.
Husk Power Systems, which is building renewable energy systems to power remote villages in Asia and Africa, made two big announcements Wednesday: It picked up $20 million from investors, and it’s moving its headquarters to Fort Collins.
Shell Technology Ventures has led a $20 million funding round for Powering Agriculture innovator Husk Power Systems, a rural distributed utility company operating minigrids in Asia and Africa. It is believed to be the largest cash injection so far for a minigrid developer.
New funding means Husk Power Systems can build over 300 mini-grids in India and Tanzania, serving over 100,000 customers. These grids will keep over 150,000 tons of CO² per year out of the atmosphere.
With backing from multiple strategic investors, Husk CEO Manoj Sinha feels confident that they will achieve the company's long-term vision of becoming the world’s largest rural utility company, providing 24/7, 100 percent renewable and affordable power to customers.