Tag: decentralized energy

Daystar raises $38 million to expand footprint in West Africa

Nigeran off-grid solar company, Daystar Power has closed a $38-million Series B financing round led by Denmark’s Investment Fund for Developing Countries. In addition to the Danish Impact Investor, the deal was supported by French impact infrastructure fund STOA, development finance institution Proparco and Morgan Stanley Investment Management. Daystar Power has now raised a total $48 million includind funds raised in the previous round.

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Data exchange via virtual assistants is key to unlocking the full potential of the future energy system

Connecting buildings to a cross-sectoral, decentralized energy system is a proven means of integrating more renewable energy sources and further increasing energy efficiency. However, the operation of such highly interconnected energy systems is becoming painstaking. Data and algorithms will be the key to overcome these pains and to unlock the innovative systems’ full potential.

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