Increasing access to clean, reliable and affordable electricity in Africa

Founded in 2008, Husk Power Systems (“Husk”) provides decentralized renewable energy services and products to rural South Asia and Sub-Saharan Africa, and is the leading minigrid company. Husk started by using waste biomass from rice husks to power its minigrids. In 2014-2015, the company pivoted to hybrid minigrids that use solar energy during the day, biomass in the evening, and battery storage at night.

Today, Husk is established in two countries, India and Nigeria, where it has more than 200 minigrids. It is active in four business segments: 1) building, owning and operating hybrid minigrids, 2) EPC services for rooftop C&I and solar pumps, 3) sales and financing of productive-use machines and household appliances, and 4) value-added energy services including agro-processing and e-mobility. In India, Husk operates primarily in the northern states of Bihar and Uttar Pradesh, which suffer from irregular and poor quality grid power and rely heavily on diesel generation. With its minigrids, Husk provides access to reliable, affordable and clean energy to more than 10,000 customers (90% are MSMEs). In Nigeria, Husk focuses on isolated minigrids that deliver electricity for the first time to rural communities that are not connected to the national grid. Husk aims to have 1,600 minigrids in India and Africa (in particular in Nigeria) with Series D funding secured in October 2023.