Hydrobox Secures USD 9 Million from FMO to Expand Mini-Grids in Kenya
Tech In Africa | Grace Ashiru - Dec 31, 2024
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HydroboxVision 2030KenyaFMOWorld Bank
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  • Hydrobox secures USD 9 million in debt financing from FMO.
  • Funding will support the development of eight hydro-powered mini-grids.
  • Hydrobox's approach integrates IoT technology for optimal performance.
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Hydrobox's innovative approach to rural electrification through hydro-powered mini-grids represents a significant advancement in addressing energy access issues in Kenya. The integration of IoT technology not only enhances efficiency but also sets a precedent for sustainable energy solutions across Africa. This initiative could serve as a model for other nations facing similar challenges, emphasizing the importance of investment in renewable energy infrastructure.
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