Finnfund invests in an energy tech company that helps Africa's power sector distribute electricity more efficiently
Africa’s power grids face significant challenges, with utilities struggling to provide consistent service due to outdated infrastructure and unreliable data. Finnfund invests in Beacon Power Services (BPS), an energy tech company that provides data-driven solutions that are based on for example AI-enabled digital mapping. One of the main products offers real-time grid monitoring and control, helping utilities enhance operational efficiency and manage their power distribution more effectively to reduce outages. BPS employs over 200 people across Ghana,