Symbiotics Invests in Beacon Power Services to Improve Energy Efficiency in Africa

Symbiotics, the leading market access platform for impact investing, has facilitated a debt facility for Beacon Power Services (BPS). BPS is an energy-tech company providing data and grid management solutions for electricity utilities, helping to improve grid reliability across Africa. The financing will help BPS improve its product offerings in Nigeria, Ghana, Zambia, Tanzania, and Togo, mainly by purchasing and deploying smart meters for grid assets such as substations and transformers.

Electricity grids across Africa are largely unreliable, with customers experiencing frequent and extended power outages. Without a stable grid, many households, businesses, and social facilities depend on expensive self-generated electricity, placing a heavy burden on vulnerable populations.