Home Beacon Power Services Beacon Power Services In brief Africa’s power grids face significant challenges, with utilities struggling to provide consistent service due to outdated infrastructure and unreliable data. Beacon Power Services (BPS) is an energy tech company that provides data-driven solutions that are based on, for example, AI-enabled digital mapping. The funding will enable BPS to enhance its product offerings, support growth in its current operations, and expand into new markets across Eastern and Southern Africa. Main development impact BPS software and services will help African utilities to improve the efficiency and reliability of their power services. BPS services respond to the perpetual grid management problems and offer tools to break the vicious circle of unreliable supply, technical and commercial losses and low revenue collection. BPS helps utilities to identify new customers, reduce outages and improve post-payment billing. Customers will benefit from improved grid reliability, less use of diesel back-up generators and thereby cheaper electricity. Investment details Name: Beacon Power Services Project number: 80000500 Region: Africa Country: Nigeria, Ghana, Nigeria, Kenya, Zambia Sector: Energy Signing date (month/year): September 2024 Currency: USD Finnfund's financing (commitment): 2,129,998 Instrument: Equity Part of the European Fund for Sustainable Development Plus (EFSD+): Yes Status: Active Website: https://beaconpowerservices.com/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Beacon Power Services Sector: Energy Region: Africa Country: Nigeria, Ghana, Nigeria, Kenya, Zambia Currency: USD Finnfund's financing (commitment): 2,129,998 Signing date (month/year): September 2024 Last update: April 2025