logo
Zimbabwe Has $9 Billion Plan to Join African Electricity Drive

Zimbabwe Has $9 Billion Plan to Join African Electricity Drive

Bloomberg04-06-2025
Zimbabwe laid out plans to raise more than $9 billion to boost energy access at a conference in London on Wednesday, an event organized by multilateral lenders to promote a flagship African electrification program to private investors.
The plan, which falls under the World Bank and African Development Bank 's Mission 300 program, envisages a more than doubling of the country's power production from hydro, wind, solar and biomass plants, a copy of the presentation sent to Bloomberg showed. Zimbabwe has been hit by regular power outages in recent years, often lasting most of the day, due to a lack of generation capacity.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Taiga Motors and Aqua superPower Announce Strategic Partnership to Accelerate Electrification Beyond the Road
Taiga Motors and Aqua superPower Announce Strategic Partnership to Accelerate Electrification Beyond the Road

Yahoo

time42 minutes ago

  • Yahoo

Taiga Motors and Aqua superPower Announce Strategic Partnership to Accelerate Electrification Beyond the Road

Plug and play charging with expanding global network of 59 charging sites across popular marinas and trails, enabling fast charging in as little as 20 minutes for Taiga vehicles. Simplified turnkey charging infrastructure and software solutions for commercial fleets, removing significant barriers to electrification. Economies of scale in unified charging platform rollout—lowering costs and accelerating access for all July 24, 2025 (GLOBE NEWSWIRE) -- Taiga Motors Inc. (Taiga), a leader in high-performance electric powersports vehicles, and Aqua superPower, the first global marine fast-charging network, are excited to announce a strategic partnership between the two companies. This landmark partnership brings the two companies together to deliver on their shared mission: to accelerate electrification— enabling more people to move, work, and adventure sustainably beyond the road. Taiga clients will benefit from expanded charging solutions for home, onboard yachts, or onsite fleet operations. With a broad technology portfolio ranging from Level 2 destination charger to high-power DC fast charging up to 250kw, solutions can be tailored to fit each location, use case, and vehicle mix. Aqua superPower's expanding network of chargers, already spanning 59 sites across North America and Europe, will seamlessly integrate with Taiga vehicles and those of other manufacturers for fast, plug-and-play charging. 'Scalable infrastructure is key to unlocking the full potential of electrification,' said Sam Bruneau, CEO of Taiga Motors. 'With Aqua superPower's expertise, we're making it easy for individuals and fleets to go electric—especially in high-volume use cases where the sustainability impact is multiplied.' The partnership creates economies of scale by aligning Taiga's growing demand for vehicle charging with Aqua superPower's infrastructure and charging software offering—lowering deployment costs and accelerating network expansion for both recreational and fleet applications. 'By combining demand and deployment, the companies overcome the two-sided market challenge inherent in electrification,' said Karen Gill, COO of Aqua superPower. 'Infrastructure must often lead the way—but by joining forces, Taiga and Aqua are accelerating both sides of the equation.' About Taiga Taiga is a Canadian company leading electrification beyond the road with revolutionary electric powertrain technology, powersports vehicles and watercraft. Through a vertically integrated approach, Taiga has pushed the frontiers of electric technology to achieve extreme performance at compelling price points to enable a transition from combustion powersports vehicles. The product lineup currently includes electric snowmobiles and personal watercrafts to deliver on a rapidly growing demand from recreational and commercial customers who are seeking better ways to explore the great outdoors without compromise. For more information, visit About Aqua superPower Aqua superPower is the first fully marinized dockside global network of fast charging stations for electric vessels. Powered by its proprietary cloud-based platform, Aqua ensures reliable network operation and maintenance and is backed by expert service teams and 24/7 customer care to deliver a seamless electric marine charging solution to operators and customers. The product range includes AC and DC charging solutions, allowing DC compatible powerboats and jet skis to rapidly recharge and extend their autonomy. Aqua superPower has developed the first supercharger specifically engineered and rated for use in marine environments, built to IP65 standards and enabling marinas, ports and harbours, commercial operators, boat builders, and powertrain manufacturers to accelerate the transition to clean propulsion in the marine sector. For more information, visit Press contact: Chloe Beaulieu A photo accompanying this announcement is available at

Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer
Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer

Yahoo

time2 hours ago

  • Yahoo

Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer

SAN DIEGO, July 24, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a 21% increase in energy storage solutions (ESS) revenue in the first half of 2025 vs. 2024. Additionally, a purchase order was received from one of its largest ESS customers, for approximately $2 million, scheduled to be recognized as revenue by the end of 2025. The surge reflects Beam Global's growing role as a trusted ESS supplier for mission-critical energy storage applications and the Company views repeat customers purchasing in increasing volumes as a strong validation of the reliability of its products. Beam Global's ESS business is experiencing material growth, driven by repeat orders from existing customers and the addition of three major new clients, including a Fortune 500 automotive company. The Company believes this continued momentum reflects both the strong loyalty of its current customer base and growing global demand for scalable and safe ESS solutions. Beam's bespoke designs, superior safety and smart battery management system (BMS) continue to differentiate the Company from its peers. 'Our efforts to diversify our revenue opportunities continue to pay off,' said Desmond Wheatley, CEO of Beam Global. 'Our energy storage group provides the expertise and bespoke products that we need to continue to make Beam Global products better and less expensive to produce. Simultaneously, we are growing external sales of this expertise and these products. These activities, along with our growth into Europe and now the Middle East, as well as our expanded product portfolio, are positioning us for diverse revenue and profit generation. The electrification of transportation will continue to be a global growth engine for many years to come but Beam Global is about much more than that with our energy security and storage business and our increasing presence in smart cities infrastructure. Each of these businesses support each other and offer opportunities for cross selling. Our long-term growth strategy is working.' Beam AllCell™ energy storage solutions use patented PCC™ technology that enables more power in a smaller, lighter battery. The advanced thermal management capabilities of PCC™ technology also mitigate thermal runaway propagation, delivering superior safety and the ability to operate efficiently in hot and cold environments. The ESS market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a compound annual growth rate (CAGR) of 26.9%. About Beam GlobalBeam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, LinkedIn, YouTube, Instagram and X. Forward-Looking StatementsThis Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'target,' 'plan,' 'intend,' 'seek,' 'goal,' 'will,' 'should,' 'may,' or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global's actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements. Media ContactLisa Potok+1 858-327-9123Press@ Investor Relations Luke Higgins+1 858-261-7646IR@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store