Quarterly update
Q2 2023 - News & insights
Q2 Report - 2023
Digitalization is key to scaling the minigrid industry, and Husk invested heavily in automation to grow its fleet from hundreds to thousands of minigrids. Husk was named a winner of the inaugural AI for the Planet competition and secured one of the industry’s first deals through the D-REC platform.
Market focus
Husk invited governments in least-developed countries to partner on scaling minigrids and participated in a high-level roundtable in the Democratic Republic of Congo, focused on policy, regulation and carbon markets for rural and peri-urban electricity access.
Financial outlook
Husk became one of the first minigrid developers to use D-RECs. In partnership with Powertrust, it monetized its first distributed renewable energy certificates for a cluster of Nigerian minigrids, creating incremental revenue while delivering clean energy access and social benefits.
Industry leadership
The AI for the Planet prize awarded Husk the Microsoft Entrepreneurship for Positive Impact Technology Prize. Husk was also featured in case studies by Nigeria’s Rural Electrification Agency, Tufts University, Samsung and Energy Saving Trust.
In the news
Below are highlights of recent Husk media coverage:
- The Financial Times highlighted Husk in Nigeria’s startup scene
- AI for the Planet interviewed CEO Manoj Sinha
- Climate Confident podcast interviewed Husk’s CMO
- Multiple partners published case studies on Husk’s model