NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Husk Power Systems, a minigrid company that focuses on India and Africa, has received a $5 million investment from FMO, a Dutch development bank.

“Not only will the investment be a catalyst for Husk to achieve its ambitious minigrid roll-out plan, it gives us a partner with deep knowledge and experience in scaling innovative energy technology companies like Husk Power to focus on promoting productive uses of energy,” Manoj Sinha, Husk chief executive officer, said Oct. 5.

The Fort Collins, Colorado-based company makes hybrid minigrids using solar and biomass gasification technology coupled with battery storage. Rice husks and corn cobs provide the fuel for the gasifiers.

Photo courtesy of Karsten Würth.