Powerhive is a leading microgrid solutions provider and developer whose proprietary technology platform and business model enables the development, financing, and management of bankable solar microgrids in emerging markets.
Powerhive empowers communities with clean energy and connects them with opportunities for economic growth.
Powerhive was founded in 2011 by Christopher Hornor and Rik Wuts. The company is headquartered in Nairobi, Nairobi, Kenya, with an office in Berkeley, California.
Powerhive’s technology platform enables financing and monetization of distributed microgrids by reducing costs and stabilizing investment risk.
Powerhive leverages its proprietary technology platform to develop and operate portfolios of renewable microgrids that supply affordable, reliable and productive electricity to off-grid communities in emerging markets.
Powerhive's cloud-based software application and proprietary smart meter automate account management tasks, remotely monitor and control microgrid operations and run real-time data analytics. Its solution allows customers to prepay for electricity through mobile money networks and gain access to an affordable electricity supply.
Powerhive is backed by Toyota Tsusho Corporation (Toyota Tsusho), Tao Capital, Prelude Ventures, Caterpillar Ventures, Total Energy Ventures and others. The company raised $9.3M in a Series B financing on Jul 09, 2019. This brings Powerhive's total funding to $41.3M to date.