Hohm Energy Facing Financial Constraints, 8 Months After Raising $8 Million In Seed Funding
Hohm Energy has exercised a 'business rescue' in South Africa due to financial distress. The business rescue process will last three months and involve investigations and meetings with creditors.
Solar Energy at R1.00/kWh, Electricity to Increase to R4/kwh
Residents in major metros across South Africa are facing substantial double-digit increases in their electricity bills starting from 1 July. The average increase for key industrial and urban electricity tariffs stands at 13.29%.
Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed
South Africa is experiencing severe power shortages and needs to implement daily electricity rationing to prevent a nationwide grid collapse. Hohm Energy, a clean tech startup, has raised $8 million in seed investment to provide alternative and sustainable energy solutions for households connected t
👨🏿🚀TechCabal Daily – Eskom reports $1.2 billion loss
Eskom records a loss of R24 billion ($1.2 billion) for the 2022/2023 financial year. Eskom's decreasing generation capacity, increased municipal debt, and losses due to criminal activity are the main reasons for the loss.
