Friday
December 24
2021

All On and Katapult Invest $1.4 Million in NXT Grid’s Mini-Grids in Nigeria

By Jean Marie Takouleu

Impact investors All On and Katapult Climate are investing $1.4 million in NXT Grid. In Nigeria, the company installs and operates small-scale solar power plants for productive use, powered by artificial intelligence.

NXT Grid’s assets will grow in Nigeria over the next two years. The solar mini-grid company is raising $1.4 million to fund its expansion. The funds were raised from Katapult Climate and All On, an investment company funded by Anglo-Dutch oil company Shell, and very active in the renewable energy sector in Nigeria.

Photo courtesy of David Monje.

Source: Afrik21 (link opens in a new window)

Categories
Energy, Investing
Tags
artificial intelligence, impact investing, impact investors, minigrids, renewable energy, solar power