On Friday, FuelCell Energy shot up 24% after landing a 380 MW clean power deal with Fit Energy for AI data centres, while Bloom Energy, which had already surged over 1,300% in the past year, tumbled 13% in what analysts are calling a straightforward profit-taking rotation. Two companies, same sector, same trading day, completely opposite…
Before we dive into the main topic, let’s review why small portable power stations matter in Africa’s growing Digital Economy in the first place. Now Energy remains one of Africa’s biggest development challenges, but at the same time, the continent is experiencing rapid growth in digital entrepreneurship, remote work, renewable energy adoption, and technology-driven businesses….
For most of the past decade, Nigeria’s oil story has been one of unrealised potential. Africa’s largest oil reserve holder sitting on 37.5 billion barrels of proven crude has repeatedly failed to convert that endowment into consistent production. Oil theft, pipeline vandalism, chronic underinvestment, and operational shutdowns turned what should have been a production growth…
For most of Africa’s history with large-scale renewable energy, the formula has been the same: the government negotiates a long-term power purchase agreement, an international development finance institution provides concessional debt, a foreign developer builds the plant, and the national utility buys the power at a fixed rate for 20 years. It works, but it…
In a bold move to align with Congo-Brazzaville’s ambition of significantly increasing oil production by 2030, independent oil and gas operator Perenco has launched a pivotal infrastructure project. The company is investing $200 million into the construction of a new offshore production platform Kombi 2 a strategic asset that underscores its long-term commitment to the…
