Information
Company Description
Daystar Power is a leading provider of solar and hybrid energy solutions for businesses across Africa. We deliver cost-efficient power, reliable, and clean power that reduces dependence on diesel, cuts operating costs, and lowers carbon emissions. Our solutions are bespoke to client needs and scalable. helping clients unlock uninterrupted operations and long-term growth.
Team
The project is delivered by a strong tri-partite consortium combining African leadership, European technical excellence, and world-class research capacity. Africa In Motion (AIM) leads coordination in Ethiopia, government engagement, and local ecosystem development. Metalot (Netherlands) provides the technical backbone through its Future Energy Lab and expertise in iron-based fuels, system engineering, and technology transfer. TU Eindhoven (TU/e) contributes globally recognised research in Iron Power, supported by over a decade of development with ESA and industrial partners. Together, the team ensures robust governance, technical credibility, and scalable implementation.
Countries of Operation
Netherlands; France; Germany; Ethiopia (project deployment)
Ownership of Company
European Company (75% European; 25% Local)
Number of years since incorporated
5 Years
Stage
Growth stage
Annual Revenue (in EUR)
EUR 500,000 – 1,000,000
Number of employees
1–10
Project Pitch
Blue Sustainable Energy Ethiopia introduces an innovative iron-powder-based renewable energy system to meet Ethiopia’s growing demand for reliable, clean, and affordable power. The project deploys a 2 MW Iron Energy Hub capable of storing and generating heat and electricity through a safe, circular, and transportable metal-fuel cycle.
The pilot establishes a commercially viable model for decentralised energy hubs serving industrial users, grid-connected zones, and off-grid communities. Revenue streams include energy sales, carbon credits, technology licensing, and future multi-hub expansion. In the long term, the model enables scalable national deployment, reducing reliance on conventional grids while supporting local industrial growth.
Implementation follows three phases—feasibility, pilot construction, and evaluation—over 12–24 months. Operations integrate iron reduction facilities, burner units, and power-generation turbines, implemented in close partnership with Ethiopian authorities to ensure national scalability. The project combines proven European technology with strong local partnerships to deliver Ethiopia’s first Iron Energy Hub and establish a new benchmark for circular, low-carbon energy systems in Africa.
Total Project Cost (in EUR)
EUR 11,450,000
Financing needs (in EUR)
EUR 11,450,000
Type of financing needed
Debt; Grant
Planned allocation of fundraising capital
Greenfield (new activity for the company); Public-Private Partnership (PPP)
