In a development for South Africa’s renewable energy sector, Grid Africa has raised R50 million ($2.8 million) in equity from Rifuwo Energy Partners. This investment comes at a pivotal time as the nation faces rising energy costs, exacerbated by Eskom’s – a government-owned company that is South Africa’s main supplier of electric power – proposed 36% tariff hike. The fresh funds will fuel the acceleration of solar energy projects across the country, offering businesses a cost-effective alternative to grid electricity. Timing Amidst Rising Energy Costs With South Africa’s state-owned power
Myles Garrett, the Cleveland Browns’ defensive end, is investing in Johnson Energy Storage (JES), a company founded by former NASA scientist and National Inventors Hall of Fame inductee Dr. Lonnie Johnson. JES focuses on developing energy storage solutions, particularly a solid-state battery designed to outperform traditional lithium-ion technology. Garrett’s unexpected move into the tech world is driven by a shared vision with JES to innovate and make a long-lasting impact on environmental sustainability. “It’s a privilege to partner with Johnson Energy Storage to support their mission of transforming energy storage,”