9 years ago

SteamaCo Secures £640,000 Seed Funding to Expand Off-Grid Renewable Energy Solutions

  • SteamaCo, a UK-based provider of technology for managing off-grid renewable energy networks in emerging markets, has completed a £640,000 seed funding round facilitated by impact investment bank ClearlySo

  • The company plans to use the funds to expand access to its technology, which enables distributed providers of electricity to reach 1.3 billion people living beyond the grid

  • SteamaCo’s universal smart meter enables any company to operate like a utility, collect cashless payments on a per unit basis and remotely operate machinery in developing markets.

      • ProblemTechnology

      "1.3 billion people around the world live off the grid, making it difficult for them to get reliable access to electricity. Existing solutions for managing off-grid renewable energy networks are often inefficient and expensive."

      Solution

      "SteamaCo provides smart metering and data analytics technology that enables distributed providers of electricity, like mini grid operators and agricultural irrigation businesses, to more efficiently manage and distribute energy, collect payments and remotely operate machinery in developing markets."

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