RENEW Strategies

Portfolio Accomplishments: Part Two

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Emily Ziethen
| March 20, 2015

Daniel Gizaw founded dVentus with the idea of promoting sustainable energy solutions, which he and a team of local engineers would manufacture at facilities in Ethiopia. Since then, the company has focused on developing system integration and energy efficient solutions for renewable energy applications. By pursuing this focus today, dVentus is helping to ensure a brighter and cleaner future for generations to come.

Since the IAN’s initial investment in 2013, dVentus
has been making strides in building local capacity and in new product development. The company has successfully designed and built a prototype for smart meters to improve the reliability, security and efficiency of Ethiopia’s and other African and Middle Eastern power grids. The company is developing other exciting new products, such as energy efficient generators and other components of smart grid solutions.

dVentus’ expansion has enabled the company increase its staff by 25%, as it has brought on engineers and other highly skilled local professionals since the close of the IAN’s investment. The company also
won a grant from the African Development Bank, through its Sustainable Energy Fund for Africa, and has been working on creating strategic partnerships with multiple organizations both in Ethiopia and the United States.

We are proud to be a part of the dVentus story.

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