Powerhive

Finalist 2015

Founded in 2011, Powerhive has been partnering with utilities and independent power producers to provide access to productive, affordable, and reliable micro-grid electricity for millions of rural homes and businesses.

Its proprietary technology platform and business model enable the financing, monetization, and management of distributed micro-grid solutions. Key innovations include remote monitoring and operations capabilities, integration with mobile money, cost-minimizing design, and theft detection. Since 2012, Powerhive’s subsidiary, Powerhive East Africa Ltd, has generated, distributed and sold electricity to around 300 households, small businesses, and schools in Kenya, thus improving life for about 1,800 people.

Powerhive is planning to move into new markets, including by licensing their technology to a micro-grid developer in India. It also plans to enter in joint development agreements for activities in the Philippines, Tanzania, and other areas in Sub-Saharan Africa and Southeast Asia.