Beacon Power Services

The European Bank for Reconstruction and Development (EBRD) provides up to **$10 million** in financing to **Beacon Power Services (BPS)**, a Nigerian energy startup. The funding supports a **$20.9 million project** focused on modernizing Nigeria’s electricity distribution and grid management systems. BPS aims to enhance reliability and efficiency in the country’s power infrastructure through this initiative.

Oct 2026Tech in AfricaNews article

The European Bank for Reconstruction and Development (EBRD) invests in Beacon Power Services (BPS) to advance digital transformation in Nigeria’s electricity sector. BPS focuses on modernizing power distribution networks to enhance efficiency and reliability. The partnership aims to support sustainable economic development through private-sector innovation in Africa’s energy infrastructure.

Dec 2024Beacon Power ServicesNews article

Beacon Power Services raises Series A funding led by Partech and supported by global investors. The company plans to use the capital to expand its energy solutions in Nigeria. The funding highlights growing investor interest in African clean energy startups.

Nov 2024WeeTrackerNews article

Gaia Impact and On.Capital participate in the Series A funding round for **Beacon Power Services**, a startup developing data-driven solutions for Africa’s power sector. The round is led by **Partech Partners**, a venture capital firm specializing in early-stage investments. The funding supports Beacon’s mission to advance sustainable energy infrastructure across the continent.

Nov 2024Alliance for Rural ElectrificationNews article