Total Energy Ventures Invests In Two Distributed Solar Energy Start-Ups

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Total Energy Ventures (TEV), the venture capital fund of French energy company Total that invests in start-ups, acquired an interest inOff Grid  and Powerhive. Both companies offer solar solutions for use in rural areas that are off-grid or have limited access to the grid in emerging markets, especially in Africa.

Based in Arusha, Tanzania, and San Francisco, California, Off Grid  develops and markets distributed solar home systems and battery storage to LED lights, mobile phone chargers and, optionally, small electronic appliances. The company provides light to more than 10,000 new customers each month. Off Grid anticipates reaching 1 million people in Tanzania by 2017 and also plans to expand into other countries in the region.

Based in San Francisco, California, Powerhive develops and operates solar with battery storage and local distribution. The company supplies electricity to several hundred homes and businesses in off-grid rural communities. In 2015, it announced the of its first commercial-scale project for roughly 100 to supply 90,000 households in western Kenya.

Solar energy gives customers access to flexible, clean energy at affordable prices. Solar systems and are important components in sustainable distributed energy infrastructure and help drive economic development in rural regions. The solutions marketed by Off Grid and Powerhive are based on mobile money payment.

‘Off Grid and Powerhive’s systems combine solar power, energy storage and digital customer relationship management, paving the way for distributed energy management models,’ comments Patrick Pouyanné, Chairman and Chief Executive Officer of Total. ‘Their systems are expected to speed up electrification in Africa and could be as much a game changer as mobile phones were in their field. Off Grid Electric recently won the Zayed Future Energy Prize in recognition of its efficient, apposite solutions.’

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