Quarterly update
Q4 2024 - News & insights
Q4 Report - 2024
For Husk, it’s all about scale and speed. Following its $103 million Series D financing, 2024 saw unprecedented growth. Revenue grew more than 140%, the standalone minigrid portfolio doubled, assets reached more than 400 rural communities, the team more than doubled, and Husk launched PRISM, a new energy-in-a-box solution.
Market focus
Husk ended the year with 400 minigrids, serving 1.5 million people and more than 30,000 MSMEs across 2,500 kilometers of transmission and distribution. The company avoided 15,000 tonnes of CO2 annually by displacing approximately 3,000 diesel generators and doubled its team to almost 1,200 employees.
Financial outlook
Husk planned a return to capital markets in H2 2025, targeting a pre-IPO raise of $400 million in equity and debt. The company built a 100MW multi-country pipeline and expanded C&I rooftop solar and rural commerce revenue.
Industry leadership
PRISM increased deployment to one minigrid per day, with 20 homes and 20 businesses connected within 48 hours. Husk also partnered with AEDC to launch its first interconnected minigrids and identified a pipeline of more than 50 projects.
In the news
Below are highlights of recent Husk media coverage:
- Bloomberg covered Husk’s growth and future expansion plans
- Reuters featured Husk’s green jobs and skills work in Africa
- PV Magazine covered the launch of PRISM
- The Cable highlighted the AEDC partnership