Husk, a global leader in community electrification, today announced it has doubled the size of its solar mini grid fleet, adding 200 new communities across rural Sub-Saharan Africa and South Asia in just 12 months. This expansion, made possible by a $103 million Series D funding round at the close of 2023, brings Husk’s presence to over 400 communities, directly benefiting more than 1.5 million people and 30,000 small businesses.

The company now operates the world’s largest private sector minigrid portfolio, a significant milestone that consolidates its position as the leading force in the clean energy sector. In the process, Husk has achieved the fastest rate of deployment in the industry, with its new minigrids spanning 20 MW of solar generation capacity and 2,500 kilometers of transmission and distribution (T&D) infrastructure. These efforts have resulted in a reduction of 15,000 tonnes of CO2 annually by replacing approximately 3,000 diesel generators across its portfolio.

“This achievement is a clear demonstration of the potential for rapid scale in the minigrid sector,” said Manoj Sinha, CEO and Co-Founder of Husk. “This proves that, with the right policies, affordable and long-term capital and innovation, the industry is capable of scaling to the thousands per year that are needed to wipe out energy poverty in Africa and Asia. We look forward to deepening our public-private partnership with governments and funders to work even faster to make ‘prosperity for all’ a reality.”

Looking ahead, Husk is on track for continued exponential growth. The company projects a 100% increase in revenue for 2025 and plans to expand its customer base by 2.5 times. To fuel this growth, Husk has developed a 100 MW pipeline spanning multiple countries and is preparing for a pre-IPO equity and debt financing round in the latter half of 2025, which will help support its aggressive expansion plans through the end of the decade.

As it continues to lead the charge in electrifying rural communities and contributing to global climate goals, Husk’s commitment to providing affordable, reliable, and clean energy to underserved populations remains unwavering. The company’s ongoing growth and success position it as a transformative force in the global energy landscape.