Founded in 2019 by Thomas Samuel, Moon was created with a clear purpose: to democratize access to solar energy and empower households to generate and manage their own power sustainably. To date, the company has equipped over 20,000 households across the continent and aims to triple that figure in the coming years.

TotalEnergies’ charm offensive has ramped up, having been found guilty of making misleading claims about its commitment to sustainability this year. To many energy experts and climate activists, TotalEnergies’ efforts are a clear exercise in “greenwashing” timed for maximum influence during the major climate talks.

The investments include $2.1 million to bolster its African Energy Futures Initiative; $3 million to the African School of Regulation; $400,000 to launch a Clean Cooking Alliance delivery unit in Kenya; $300,000 to help integrate off-grid solar into national electrification strategies; and $5 million to advance Zambia’s efforts for mini grids.

During COP29 IFC has announced an investment in Acumen’s Hardest to Reach (H2R) initiative to activate markets for clean and affordable energy in Sub-Saharan Africa. This is the first blended finance initiative dedicated to financing household solar systems for the hardest-to-reach populations in Africa.