South African Energy Tech Company Plentify Partners With Deye To Build Africa’s Largest Residential Virtual Power Plant
Summary
Plentify partnered with Deye to build what it says will become Africa’s largest residential virtual power plant. The platform will coordinate more than 160,000 installed Deye residential batteries in South Africa and aggregate about 2.7 GWh of controllable capacity. Plentify says the system will help balance demand, improve grid resilience, and create added value for homeowners while supporting the energy transition. The article also notes that Plentify recently raised an oversubscribed Series A round that brought its total funding to nearly $15 million.
Funding
Amount
$15.0M
Total raised
Date
August 4, 2026
Announcement date
Investors
Eskom, Satgana, Secha Capital
Lead investors
Company
plentify.io
Funded company
AskAI Classifications
Sectors
Energy and Utilities
Manufacturing Industry
General Utilities Software
Functions
Internet of Things (IoT) Platforms
Developer and IT Infrastructure
General IoT
Linked Companies
Plentify
$5M to $10M