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Shyft Power Solutions develops integrated software and IoT solutions for optimizing distributed energy resources. Its platform provides real-time sub-metering and energy monitoring, enhancing the performance of assets like solar, battery, grid, and generators. This technology employs data-driven approaches for operational efficiency and maximum energy cost recovery.
Shyft Power Solutions originated from research at Stanford University by co-founders Ugwem Eneyo, CEO, and Cole Stites-Clayton, CTO. They leveraged academic insights into energy and sustainability, establishing the company as Solstice Energy Solutions. Their founding premise addressed inefficiencies and management challenges within diverse energy infrastructures.
The company’s solutions primarily serve operators and owners of distributed energy assets, enabling granular control and visibility over consumption and supply. Shyft Power Solutions envisions a future where reliable, affordable energy solutions scale to meet demand. It empowers users with intelligent management tools, fostering sustainable, optimized energy ecosystems.
Shyft Power Solutions is a venture-backed energy technology company building IoT and integrated software solutions to optimize energy asset performance, including solar, battery, grid, and generator systems.[1][2] It serves renewable energy companies, facility managers, real estate developers, and power providers in emerging markets like Nigeria, solving reliability, affordability, and efficiency challenges in energy infrastructure through digitization and metering.[1][2] The company manages over 3,000kW of assets, powers nearly every major bank branch in Nigeria, and advances cleaner energy access as part of the SteamaCo Group.[1][2]
Shyft Power Solutions emerged from a recognition of digitization's role in energy trends like democratization and decentralization, particularly for sustainable development in emerging markets.[1] Founded as a privately-held entity in the software and internet services industry, it draws from Stanford engineers, ex-Tesla executives, and Nigerian operations experts in its leadership and advisors.[2][5] Early traction includes adoption by prominent customers like major Nigerian banks and backing from Silicon Valley investors such as Total Carbon Neutrality Ventures, Softbank, Powerhouse Ventures, and Elevate Capital, fueling its growth as a catalyst in the energy transition.[2][4]
Shyft rides the global energy transition wave, emphasizing digitization to decentralize and democratize power in emerging markets where grid instability hampers growth.[1] Timing aligns with rising demand for affordable clean energy, as solar/battery adoption surges amid climate goals and economic pressures in Africa.[2] Market forces like IoT proliferation and investor interest in sustainable tech favor its model, influencing ecosystems by powering banks and utilities—accelerating revenue protection and efficiency for thousands of kW.[1][2] As part of SteamaCo, it scales solutions that bridge developed-world tech (e.g., Tesla-inspired) with local needs, catalyzing broader adoption of grid-assisted systems.[1][5]
Shyft is poised to expand its 3,000kW footprint across more emerging markets, leveraging VC fuel for deeper IoT integrations and AI-driven optimizations.[2] Trends like AI-enhanced energy management and policy pushes for renewables will propel growth, potentially dominating metering in Africa.[1][2] Its influence may evolve from niche optimizer to infrastructure standard-setter, as investor networks amplify global reach—reinforcing its mission to make clean, reliable energy ubiquitous where it's needed most.[1][2]