IoT-based Solar Energy Firm Okra Closes Funding from Schneider Electric, Japan's GGG
Summary
Okra’s modular DC smart-grids enable households to receive 24/7 electricity for half of the operating costs of traditional AC minigrids. Its modular node-to-node distribution architecture and IoT to remotely control and monitor, enables unparalleled reliability for end-users and grid operators. the Okra "Pod", uses machine learning and remote monitoring to ensure power is efficiently distributed throughout a network of solar households. Connecting households together using smart distribution techniques makes energy more reliable and up to 10x cheaper than grid extension or AC micro-grids. We will use this additional funding to continue our expansion into key South-East Asian markets whilst prospecting pilot projects in Nigeria in Q4 of this year.