Husk Power Systems
Team size: 201 - 500
Sector: Energy
About Husk Power Systems
Founders: Chip Ransler, Gyanesh Pandey, Manoj Sinha, Ratnesh Kumar
Founded date: 2008
Connect: huskpowersystems.com
Company revenue: US$ 10 - 50 million
Investors: Acumen, Cisco Investments, Electrification Financing Initiative, Engie, Shell Ventures
Company stage: Other
Husk Power Systems designs and provides end-to-end renewable energy solutions by installing mini-power plants, operating mini and micro-grids that deliver electricity as a pay-for-use service to villages. The company has created a proprietary technology that converts biomass waster into electricity. The company aims to provide people with a service that can be used to light houses, save cash by switching from kerosene lanterns to compact fluorescent lamps, and generate additional income by starting microenterprises and running small electricity-operated machines. In essence, at each power plant, the company establishes an eco-system that creates shared value for all stakeholders and boosts economic activities. Husk Power Systems was founded by Ratnesh Kumar in 2008 and is based in India.