SENS expands to Zimbabwe – establishes collaboration agreement with local actor to explore energy storage projects
Sustainable Energy Solutions Sweden Holding AB (”SENS” or the ”Company”) announces today its expansion to Zimbabwe by entering into a collaboration agreement with the local actor Nyembesi Corporate Services Africa (“Nyembesi”). Through this partnership, SENS aims to explore and evaluate potential energy projects in the Zimbabwean market.
SENS, which has recently secured several key market shares and experienced increased demand for its energy solutions, is now expanding its international presence. This is done through a strategic partnership with Nyembesi in Zimbabwe, a market that has been identified as particularly promising for the development of sustainable energy storage solutions.
Nyembesi is a leading development company in the energy sector in Zimbabwe and will from today intensify lead generation to find suitable projects. With its extensive local knowledge and resources in the region, Nyembesi is well-positioned to identify attractive projects. SENS will initially assist Nyembesi with relevant data and information to find potential projects, and then lead the due diligence process and assess the feasibility of the projects.
Through this collaboration, SENS further strengthens its presence in the African market, building on our previous establishment in South Africa. This initiative reflects SENS's determination to be a driving force in the ongoing energy transition currently taking place in Africa.
Henrik Boman, CEO of SENS, comments:
”Our expansion to Zimbabwe represents a significant step in our international growth. By expanding our presence internationally, we become a more active participant in the global green transition. The current global energy landscape faces significant challenges, and with this strategic partnership, we intend to reinforce our international commitment to sustainable energy development, and we look forward to collaborating with Nyembesi.”
Wellington Pasipamire, CEO of Nyembesi, comments:
“The collaboration agreement with SENS is clear proof that technical solutions form the foundation of a carbon-neutral and energy-efficient future. It strengthens the ambitions from COP 28 and facilitates the implementation of climate-resilient strategies. The agreement targets Zimbabwe as benefactor of SENS’s expertise and capacity in energy storage and system solutions in various generative environments, in a sustainable and cost-effective manner. We at Nyembesi look forward to this collaboration and the immense benefits it will bring for Zimbabwe and its ecosystem.”
For further information, contact:
Henrik Boman, CEO; Phone: +46 (0)70 224 63 61
The information was submitted for publication through the agency of the contact person set out above on January 11, 2024 at 11:00 p.m. CET.
About SENS
Sustainable Energy Solutions Sweden Holding AB (publ) (SENS), provides sustainable energy solutions enabling the transition to a fossil-free and CO2 neutral energy mix both locally and internationally. SENS develops, designs, constructs and sells large-scale energy projects combining renewable energy sources with the next generation energy storage technologies such as underground pumped hydro storage (UPHS) and/or battery energy storage systems (BESS). The company also conducts technical advisory consultancy services within energy storage and energy systems optimisation. The company is listed on NGM Nordic SME under the short name SENS.