Sustainable Power Solutions (“SPS” https://sps.africa/) is a South African-based distributed renewable energy company that provides solar energy solutions to business customers across sub-Saharan Africa. Formerly known as Mettle Solar, SPS received 106.7m South African Rand (approx.US$7.2 million) of equity funding from Gridworks in December 2019.
SPS works with business clients to fund, develop and operate solar power technologies, including battery storage, that provide consistent, affordable clean energy. SPS focuses on the design, installation, financing and maintenance of grid-connected, hybrid (solar/genset) and off-grid (battery storage) solar energy solutions. SPS currently has over 175 projects in operation in South Africa, Namibia, Kenya and Indian Ocean islands (with 74MWp installed, and 15MWh battery storage).
Gridworks’ investment has helped drive SPS into new markets across Africa. The investment aims to reduce carbon emissions and demonstrate the commercial viability of distributed renewable energy for businesses in a continent where 70 per cent of total energy demand currently comes from commercial and industrial customers.
“Our aim is to increase the quantity and quality of power in Africa, and we know that SPS can contribute to this goal – providing green, reliable power to businesses that will go on to create jobs and economic opportunity. By providing cheaper and cleaner energy to businesses SPS helps to reduce dependence on diesel generators and is a pioneer in the use of battery storage for business users in Africa. SPS has an excellent leadership team that has been strengthened by the appointment of the hugely experienced Mbuvi Ngunze as its Chairman.”