November 2, 2024

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BayWa’s first investment in Africa: a financing round for Circadian Technologie: newspaper for municipal economics

BayWa’s first investment in Africa: a financing round for Circadian Technologie: newspaper for municipal economics

“Circadian supports companies in emerging markets with its innovative technology in building solar microgrids, thus making an important contribution to decarbonization,” says Greg Zavorotny, Managing Director of BayWa re Energy Ventures. “This is our first investment in the African continent and we look forward to more opportunities to advance the region’s energy transition.”

Hardware and software outside the network

As a hardware provider of energy management systems and a software-as-a-service (SaaS) solution for solar developers and system operators, Circadian is particularly focused on emerging markets that do not have sufficient access to the electricity grid.

The comprehensive solution platform can be used to optimize the entire project value chain of solar energy systems. This ranges from site assessment and planning to operation and asset management.

In this way, Circadian has helped industrial and commercial customers, especially telecommunications companies, replace diesel generators with renewable energy systems, thus driving the energy transition across the continent.

Circadian was founded by Mike Rosenberg and Max Boyett. Together with their team, they want to become leaders in emerging markets with their B2B platform for decentralized energy resources (DER). (BFA)

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