A Norwegian government-run climate fund has invested £5m in a British green tech company providing affordable and reliable power supplies to millions of people living in Africa.
Sheffield-based MOPO, which provides sustainable energy supplies across several African nations, said it would use its Norfund investment to hire more people to accelerate the net-zero transition globally.
Founded in 2013, MOPO has developed a rentable battery system that consumers and businesses in emerging countries pay for per use.
Local agents run solar charging hubs that power this system, which has received support from Octopus Energy and British International Investment (BII).
It comes in two variants – one for purposes like domestic lighting and phone charging and another for larger devices like power generators used by businesses.
The University of Sheffield is another active partner in this technology, with its researchers helping…
