- Solar PV
- Business model
In 2017, ElectriFI signed a development finance loan of EUR 100,000 with Flexgrid, to support the company deploying innovative technology in a rural microgrid in Mali.
Countries: Mali, Burkina Faso, Rwanda
Total ElectriFI financing: EUR 0.1m
Brief description of project:
ElectriFI supports the development and the growth of FlexGrid Mali’s rural electrification endeavor in Mali, through the innovative “Flex-Grid” technology. Flex-Grid’s modularity – based on an innovative “swarm intelligence” concept – would make the system suitable for a demand-driven approach and could reduce the risks associated with an uncertain demand.
ElectriFI has provided EUR 100,000 to fund the improvement and expansion of the constructed pilot in Mali, including the development of metering & payment solution as well as helping improve the business model.