Jan 7, 2025
Husk electrifies 200 new communities in 12 months, doubling its fleet of solar minigrids and cementing global leadership position
Since closing a $103 million Series D at the end of 2023, Husk electrified 200 new communities in rural Africa and Asia, doubling its fleet in under 12 months;
Husk now owns and operates the world’s largest portfolio of private sector minigrids and has achieved the industry’s fastest rate of deployment;
This milestone cements Husk’s position as the clear industry leader. The company expects over 100% growth in 2025, and expansion to additional countries.
FORT COLLINS, 7 Jan 2025 — Today, Husk announced 100% growth in its portfolio of community solar minigrids over the past 12 months. The company is now present in over 400 communities in rural Sub-Saharan Africa and South Asia, serving more than 1.5 million people and over 30,000 small businesses.
Husk’s community electrification projects are spread across rural India and Nigeria, and represent 20 MW of solar power generation and 2,500 kilometers of transmission and distribution (T&D), while avoiding 15,000 tonnes of CO2 annually by displacing an estimated 3,000 diesel generators across its entire portfolio.
“Husk is the first and only company to add hundreds of new minigrids in a calendar year,” said CEO and Co-Founder Manoj Sinha. “This proves that, with the right policies, affordable and long-term capital and innovation, the industry is capable of scaling to the thousands per year that are needed to wipe out energy poverty in Africa and Asia. We look forward to deepening our public-private partnership with governments and funders to work even faster to make ‘prosperity for all’ a reality.”
Husk expects further rapid growth in 2025, targeting a revenue increase of more than 100% and an increase in its customer base by 2.5 times. To lay a path for this, the company has developed a 100 MW pipeline across multiple countries. Husk is also planning a pre-IPO equity and debt financing for the second half of 2025 to fuel its growth through the end of the decade.
In 2024, to meet the operational needs of a high-growth company, Husk doubled its staff to more than 1,000 and launched a groundbreaking new containerized system called PRISM to further accelerate its rate of deployment, which currently stands at one minigrid per day. Husk also entered the market for inter-connected minigrids in 2023, and expects that initiative to result in hundreds of MWs in capacity across Africa and Asia.
About Husk
Husk is an award-winning clean energy company serving rural and peri-urban Asia and Sub-Saharan Africa. In 2024, Husk was named one of Fast Company’s 50 Most Innovative Companies in the World, ranking #24 overall, and #1 in the energy category. In 2023, it was also named “World’s Best Challenger Brand” in the energy industry, and CEO Manoj Sinha was selected as a TIME 100 Most Influential Climate Leaders in Business. Husk’s AI-powered energy platform provides 24/7 renewable power to residential and commercial customers, institutions and small factories. It also delivers a range of other products and services, including e-commerce and credit-financing of branded appliances for home and commercial use, as well as community-based solutions for e-mobility and the agricultural value chain. Husk’s mission is to superchange economic growth and social well-being in rural communities that are unserved and underserved.
Media Inquiries – media@huskpowersystems.com
News and Insights
News
Husk launches AI-enabled distributed energy resources (DER) platform, dedicated to powering prosperity for 30 million in the Global South
News
United Capital Infrastructure Fund (UCIF) and Husk announce ground-breaking local currency debt facility to scale solar minigrids in Nigeria
News
Olam Agri partners with Husk Power to advance sustainable energy in Nigeria’s agricultural sector
News
Husk Power and Acumen’s hardest-to-reach initiative partner to tackle energy poverty in the DRC with solar minigrids
News
Husk Power and AEDC partner to build Nigeria’s clean energy future with interconnected minigrids
News
Husk Power workforce soars 10 times to 1,000+ employees, leading minigrid industry in rural green energy job creation
News
Rural Electrification Agency (REA) of Nigeria and Husk Power Systems join forces to deploy 250MW of decentralized renewable energy projects
News
ElectriFI doubles down on Husk Power Systems with $4 Million investment, accelerating clean energy access in rural India
News
Husk Power closes $20 million in financing from the European Investment Bank (EIB) to scale in Nigeria
News
Husk Power Systems named to Fast Company’s annual list of the world’s most innovative companies of 2024
News
Husk Power CEO Manoj Sinha named to inaugural TIME most 100 influential climate leaders in business for 2023
News
Husk Power invites LDC governments in Sub-Saharan Africa to partner in scaling community solar minigrids
News
Husk Power Unveils New Brand Identity, Positions Company for Unstoppable Growth with Tech-Enabled Rural Energy Platform
News
Husk Power Systems and Smart Power India launch the “Pragati ki Aur” campaign to boost income of solar-powered, women-led MSMEs in rural India
News
Husk Power picks up speed in Nigeria: doubles its fleet to 12 community solar microgrids with more than 50,000 beneficiaries
News
EDFI ElectriFI signs microgrid debt facility with Husk Power Systems to drive net-zero economic growth in 80 new communities in rural India
News
Hotspot and Husk Power partner to take telecommunications infrastructure net-zero in rural Nigeria using solar microgrids
News
2021 corporate results: Husk Power Systems revenue jumps 45%, with rapid Africa expansion, and robust pipeline of shovel-ready solar microgrids
News
Husk Power Systems secures largest-ever debt finance for solar microgrids in rural India, receiving US$4 Million from IREDA to construct 140 Microgrids
News
Husk Power Systems hires cleantech & energy access executive William Brent as Chief Marketing Officer to expand rural energy services
News
At COP26, Husk Power Systems announces 7 ambitious targets to scale the rural energy economy and minigrids in Sub-Saharan Africa and South Asia by 2030
News
Husk Power Systems wins two Asian Power Awards for smart grid innovation and dual fuel minigrids in India
News
Rural energy leader Husk Power Systems launches solar hybrid minigrids in 6 Nigeria communities; targets more than 500 minigrids by 2026
News
Rural energy leader Husk Power signs agreements under Nigeria electrification project (NEP) to electrify 7 communities with solar hybrid minigrids
News
Husk Power CEO Manoj Sinha elected to governing body of CLEAN, India’s decentralized renewable energy industry association
News
Despite pandemic, Husk Power demonstrates resiliency with industry-leading financial results in 2020, doubling revenue and quadrupling business customers
News
Husk Power Systems – First Minigrid Company to Power 100 Communities & 5,000 Small Business Customers
