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African Clean Energy
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Manufacturer and distributer of an off-grid solar system and clean cookstove

Founded in 2011
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Netherlands Netherlands
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Updated by Cleantech Group on 10/12/2023

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Date Partner Type
09/15/2020
FinCo Fuel FinCo Fuel
A three-year collaboration with African Clean Energy (ACE) around their smart cooker ACE One. Finco will invest both resources and knowledge in this project.
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Confirmed by FinCo Fuel
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Date Investors Type Amount
03/24/2022 Phase2.earth Phase2.earth , MolGen MolGen , Spirit River Atlas Spirit River Atlas (3)
Post-money valuation of
The funding will be used to bring the energy access model into the climate fintech space
 Series B $3,870,000
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