Rana Energy wants to scale AI-driven solar network

From the newsletter

Nigerian startup Rana Energy has raised $3 million in pre-seed funding to scale its AI-powered energy-as-a-service platform, which lets businesses subscribe to clean energy without upfront costs. Founded in 2023, the firm has deployed 1.3 MW of solar and storage in Nigeria and plans to expand to 10 MW next year and 100 MW across Africa by 2028.

• Funding for energy startups has slowed overall, but investors are increasingly backing those that embrace innovation, especially startups offering smart, technology-driven energy services rather than just basic power supply hardware.

• South Africa–based solar company Wetility raised $18 million recently. It has pioneered innovative solutions that integrate AI into its business model, the most recent being a system that combines grid and solar costs into a single bill.

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