SteamaCo, a UK-based leader in energy revenue management, has merged with current SWAN portfolio company Shyft Power Solutions, a Nigerian innovator known for its digital energy and community-metering solutions. The merger, alongside a funding round led by Equator VC with participation from Praetura Ventures and KawiSafi Ventures, brings together decades of expertise in African and climate-tech investments.
This union combines SteamaCo’s advanced metering infrastructure, used across 20 African countries, with Shyft’s cloud-based energy management and FlexView metering solutions. Together, they aim to expand into grid-connected markets, enhance customer service, and accelerate access to reliable energy across the continent.