Etana Energy
Etana Energy is a licensed electricity trader that supplies competitively priced renewable energy from independent power producers to businesses in South Africa through the national grid. By offering flexible contracts and low-carbon electricity, Etana helps companies reduce their energy costs and improve their BBBEE score while contributing to a sustainable energy system.
- Clean Technology
- Energy
Funding
Raised to date
$100MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many South African businesses face high electricity costs and struggle to meet Broad-Based Black Economic Empowerment (BBBEE) requirements while also aiming to reduce their carbon footprint. Traditional energy procurement methods lack flexibility and often fail to provide access to competitively priced renewable energy sources.
Solution
Etana Energy addresses these challenges by acting as a licensed electricity trader, supplying renewable energy to businesses in South Africa through the national grid. They source electricity from independent power producers, offering companies access to low-carbon energy solutions at competitive prices. Etana's flexible contracts and majority black-owned status enable businesses to reduce energy costs, improve their BBBEE score, and contribute to a more sustainable energy system. By "wheeling" renewable energy through the grid, Etana simplifies the transition to clean electricity for its customers.
Target Audience
Etana Energy primarily serves South African businesses seeking to reduce electricity costs, improve their BBBEE score, and transition to sustainable energy sources.
Features
- Supply of renewable energy sourced from wind and solar generation portfolios
- Flexible contract terms tailored to business needs
- BBBEE qualifying spend, contributing to scorecard improvement
- Comprehensive geographic coverage through the national grid
- Competitive pricing compared to traditional electricity sources
- Reduction of carbon footprint through low-carbon electricity supply