NeedEnergy is creating virtual power plants in Southern Africa. This platform connects independent power producers (IPPs), consumers, and other energy users. Using machine learning and AI, Need Energy's platform, coordinates supply and demand for electricity, which helps ensure a stable and efficient energy grid.
Frequent power outages in Southern Africa, caused by droughts and aging infrastructure, disrupt businesses and households. In response, many are turning to microgrids and captive power plants. The International Energy Agency and the World Bank project a need for 2,000 mini-grids annually for the next five years, representing a $197 billion market. NeedEnergy offers a trading platform for microgrids, using smart meters to bill and collect energy data. As the first company in Africa to integrate monitoring, trading, accounting, and virtual power plants, NeedEnergy facilitates renewable energy trading among distributed microgrids and end-users, aiming for 24/7 uninterrupted power in South Africa and Zimbabwe.
