Sign In
  • Africa
  • Trump
  • African
  • Guardian
  • Mail
  • South
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Hydrobox Secures USD 9 Million from FMO to Expand Mini-Grids in Kenya
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > Technology > Hydrobox Secures USD 9 Million from FMO to Expand Mini-Grids in Kenya
Technology

Hydrobox Secures USD 9 Million from FMO to Expand Mini-Grids in Kenya

ANH Team
Last updated: December 31, 2024 11:29 pm
ANH Team
Share
SHARE

Kenya’s Hydrobox Secures USD 9 Million to Expand Hydro-Powered Mini-Grids

Hydrobox, a leading player in the rural electrification space in Kenya, has recently announced a significant milestone in its mission to bring clean and affordable energy to underserved communities. The company has secured USD 9 million in debt financing from FMO, the Dutch entrepreneurial development bank, to fuel the expansion of its hydro-powered mini-grid projects.

Hydrobox’s innovative approach involves the development of small-scale hydroelectric plants powered by IoT technology. This cutting-edge integration ensures optimal performance and reliability, setting a new standard for renewable energy solutions. With the new funding in place, Hydrobox is gearing up to scale up eight mini-grid projects, bringing sustainable power to regions in need and driving lasting social and economic impact.

The USD 9 million investment will support the development of eight hydro-powered mini-grids, furthering Hydrobox’s commitment to electrifying remote areas in Kenya. By leveraging the country’s abundant water resources, the startup aims to transform the rural electrification landscape and bridge the energy gap in underserved communities.

Despite rapid advancements in Kenya’s energy sector, rural electrification remains a pressing issue, with only 50% of rural Kenyans having reliable access to electricity, according to the World Bank. Hydrobox’s decentralized approach to energy distribution is poised to disrupt the traditional grid system, with its IoT-driven technology enabling real-time grid monitoring and management to enhance efficiency and reduce downtime.

This strategic vision aligns with Kenya’s Vision 2030, which prioritizes renewable energy and universal electricity access. With a proven track record of powering over 10,000 homes and small businesses, Hydrobox’s expanded initiatives, supported by the USD 9 million funding, will further solidify Kenya’s position as a leader in green energy innovation.

See also  6 million young moms in Africa are not in school — but they could be –

Beyond providing electricity, Hydrobox is creating tangible opportunities for communities. By offering reliable and affordable power, the company is catalyzing socio-economic development by improving access to education, healthcare, and entrepreneurship. Small businesses flourish, while families benefit from safer and healthier living environments.

By combining hydroelectric power with IoT innovation, Hydrobox is laying the groundwork for a sustainable energy future in Kenya. As these mini-grids continue to expand, Kenya is setting a powerful example for other African nations seeking to address the energy gap and pave the way for a brighter, more connected continent fueled by clean energy.

Source: Waya Media

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:expandFMOHydroboxKenyamillionMiniGridsSecuresUSD
Share This Article
Twitter Email Copy Link Print
Previous Article Land and reform minister says King MisuZulu acted beyond his powers in suspending ITB members – The Mail & Guardian
Next Article Venezuelan Prison Gang Crime, Arrests Confirmed in 22 U.S. States
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Best Phone 2024: Top 10 Mobile Phones Today

Need a new phone? The constant influx of new handsets can make it challenging to keep track of what's worth…

November 12, 2024 3 Min Read
14 best trading platforms in Nigeria 

Avatrade is regulated by the Central Bank of Ireland, ASIC in Australia,…

20 Min Read
The fall of Ghana’s NPP and the resurgence of the NDC in the 2024

The 2024 general elections in Ghana marked a seismic shift in the…

8 Min Read

Lifestyle

Huawei powers Aito M9 with autonomous driving technology

China’s Advancements in Self-Driving Technology With the automotive industry rapidly…

June 23, 2025

Sangoma: It’s not always witchcraft and curses

Sangoma Fezile Pretorius of Heavenly Healing…

June 23, 2025

SA Gen Z’s love for new-age Maskandi and Americans’ craze over Amazayoni music

Americans have recently discovered South African…

June 22, 2025

Youth month: Young creators get a spot on the wall in Joburg

Bianca Sampson's Mission to Support Young…

June 22, 2025

Recipe of the day: Budget pizza with egg topping

Experience a delightful twist on a…

June 21, 2025

You Might Also Like

Technology

5 African Startups Innovating Water-Saving Tech

Conclusion These startups are at the forefront of addressing Africa's water crisis with innovative and practical solutions. By focusing on…

8 Min Read
Technology

How To Watch Dexter On Netflix In The US

Netflix has bid farewell to the popular series Dexter this month, leaving many fans disappointed. Dexter, starring Michael C. Hall,…

2 Min Read
Technology

Flutterwave secures Cameroon licence as part of Africa-wide expansion

Flutterwave, a leading fintech company, has recently obtained a payment service provider licence in Cameroon, expanding its footprint to over…

2 Min Read
Technology

Cloud quantum computing: A trillion-dollar opportunity with dangerous hidden risks

Quantum computing (QC) has been making waves in recent years, with major tech players like IBM, Google, Microsoft, and Amazon…

3 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?