Why we invested: Shyft Power Solutions

Photo credit: Alamy As in many fast-growing economies, cities in Nigeria, a country set to become the third most populous in the world, suffer from frequent power outages, hindering both personal and economic productivity. Unreliable electricity grids necessitate the use of highly polluting diesel backup generators. And as homes and businesses begin to integrate solar and batteries, they will create more complex hybrid power systems that can be challenging to operate. ADAP recently invested in Shyft Power Solutions, which has developed an Internet of things (IoT) energy management system that permits intelligent management of distributed energy resources, optimizing for cost, reliability and

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