Rolls-Royce Friedrichshafen acquires stake in ener­gy start-up Kowry Energy

Rolls-Royce is invest­ing in Berlin-based start-up Kowry Ener­gy GmbH, a provider of sus­tain­able and decen­tralised ener­gy sys­tems. Kowry sup­ports the rapid and sus­tain­able expan­sion of ener­gy infra­struc­ture in the Sub-Saha­ran African region (Cen­tral and South­ern Africa), for exam­ple, by com­bin­ing renew­able ener­gy sources such as pho­to­volta­ic sys­tems with bat­tery storage.

“The African mar­ket for decen­tral­ized ener­gy sup­ply offers great poten­tial. There are the best geo­graph­i­cal con­di­tions for estab­lish­ing a cli­mate-friend­ly, local pow­er sup­ply for indus­tri­al cus­tomers and munic­i­pal­i­ties that large­ly does not require fos­sil fuels. As a young com­pa­ny, Kowry Ener­gy is able to respond agile­ly to indi­vid­ual demand in the rapid­ly grow­ing African ener­gy mar­ket. Rolls-Royce as investor and indus­try part­ner cre­ates a strong posi­tion­ing for Kowry in the mar­ket. The start-up can build on our sup­port and know-how in the imple­men­ta­tion of the projects,” says Pow­er Sys­tems CFO Louise Öfver­ström, explain­ing the back­ground to the investment.

“We believe that the cli­mate chal­lenges fac­ing our plan­et can only be solved by includ­ing the 600 mil­lion peo­ple in sub-Saha­ran Africa who today live with­out access to elec­tric­i­ty. This requires inno­v­a­tive busi­ness mod­els that enable rapid access to sus­tain­able ener­gy. With our growth-ori­ent­ed busi­ness mod­el and Rolls-Royce as an investor, Kowry Ener­gy will make an impor­tant con­tri­bu­tion in the future,” explains founder Ndi­ar­ka Mbodji.

In coop­er­a­tion with local inde­pen­dent ener­gy sup­pli­ers, decen­tral­ized ener­gy sys­tems will pro­vide African com­mu­ni­ties and busi­ness­es with reli­able access to clean ener­gy in the future. The joint­ly oper­at­ed ener­gy solu­tions from pho­to­volta­ic sys­tems and bat­tery stor­age cov­er a demand of up to one megawatt. This min­imis­es the use of fos­sil fuels and makes opti­mum use of the cli­mat­ic con­di­tions in Africa. Kowry Ener­gy sup­ports its cus­tomers every step of the way, from project devel­op­ment to the pro­cure­ment of equip­ment and com­po­nents, and offers its cus­tomers ful­ly inte­grat­ed hybrid solutions.

“We are excit­ed to launch in Mali and Nige­ria this year and to see our busi­ness mod­el val­i­dat­ed by a cur­rent project pipeline of $17 mil­lion,” Mbod­ji says.