Firms partner to digitise Africa’s power sector

SteamaCo, a UK-based energy revenue management pioneer, and Shyft Power Solutions, a Nigerian leader in digital energy solutions, have merged to drive the digitisation of Africa’s power grids. In a statement, it said the merger was accompanied by a new funding round led by Equator VC, with contributions from Praetura Ventures and KawiSafi Ventures, signaling […]

Firms partner to digitise Africa’s power sector
Firms partner to digitise Africa’s power sector

SteamaCo, a UK-based energy revenue management pioneer, and Shyft Power Solutions, a Nigerian leader in digital energy solutions, have merged to drive the digitisation of Africa’s power grids.

In a statement, it said the merger was accompanied by a new funding round led by Equator VC, with contributions from Praetura Ventures and KawiSafi Ventures, signaling robust investor confidence in the future of Africa’s energy landscape.

The firms explained that by combining their expertise, they aim to expand their reach across Africa, improving grid intelligence and energy access.

SteamaCo, with over a decade of experience in 20 African countries, has revolutionised energy management with its flagship product, Nimbus AMI, which offers advanced metering infrastructure.

Shyft, on the other hand, is renowned for its innovative FlexView solution, enabling near real-time energy monitoring and eliminating token-based energy systems.

“This merger greatly boosts our ability to grow in African markets. By combining our advanced metering technology with Shyft’s local expertise, we can better meet our customers’ specific needs. Together, we will foster innovation, improve services, and provide effective, customized solutions to Africa’s energy challenges”, said Tom Parkinson, Managing Director of SteamaCo.

Shyft’s CEO, Ugwem Eneyo, emphasised the importance of this partnership: “Our vision goes beyond delivering cutting-edge technology; it’s about transforming the energy experience of power providers and their consumers. Alongside our customers, we can leapfrog inefficient grids and build more intelligent, resilient infrastructure.”