FMO invests $5M in Husk Power Systems for African minigrid projects

October 15, 2020 |

In Colorado, Husk Power Systems announced that Dutch entrepreneurial development bank FMO has invested $5 million in the company. The $5 million investment from FMO, which was deployed from its Infrastructure Development Fund, followed a $20 million investment in 2018 by Shell, Swedfund, ENGIE Rassembleurs D’Energies. In its latest publication, FMO also spotlighted Husk Power, calling the company “the energy disruptors looking to move the needle” on energy poverty in rural Africa and Asia. It also featured the company in a video that shows how Husk is “bringing reliable, low-cost electricity to rural entrepreneurs.”

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Category: Fuels

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