Company Research Report: SteamaCo

Company Overview

Name: Steama Company Ltd. (SteamaCo)

Mission: SteamaCo aims to provide everyone with access to productive, reliable, and affordable power, delivered in the cleanest way possible by ensuring energy companies are paid for the power they provide.

Founded: 2012

Founders: Initially founded as Access Energy, a wind turbine manufacturer based in Kenya.

Key People:

Tom Parkinson, Managing Director

Yael Brookes, Chief Technology Officer

Elungile Mzimba, Managing Director, Africa

Anthony Slater, SVP, Operations

Warren Scott-White, VP, Sales

Sam Luke, VP, Product

Chris Baker, Technical Support Manager

Kate Yeomans, Financial Controller

Headquarters: Manchester Technology Centre, 103 Oxford Road, Manchester, M1 7ED, UK

Number of Employees: No information is available.

Revenue: No information is available.

Company Background:
SteamaCo is recognized as an Anglo-African IoT smart metering technology company primarily operating in Sub-Saharan Africa. Initially formed to address the challenges faced by mini-grid developers in Africa, SteamaCo redirected its focus towards technology development, creating a smart meter and IoT automation platform to tackle connectivity and pay-to-power issues in off-grid areas. The company has expanded significantly over the years, servicing utilities in sixteen countries and co-creating innovative solutions for theft detection within African energy grids.

Product Portfolio

SteamaCo offers an array of products under its smart metering and energy management solutions. Below are high-level details of their product offerings:

1. Nimbus AMI

Description: A scalable IoT smart metering platform for managing electricity sales with cloud-based data management capabilities.

Key Features:

Integration with various hardware and enterprise systems

Real-time meter management

Remote meter control and firmware updates

Secure data sharing and end-to-end integration

Detailed reporting and user interface

2. Aurora AI

Description: A platform that leverages AI-powered insights to detect anomalies in the energy distribution system and protect revenue.

Key Features:

ATC&C loss detection and resolution

Real-time analysis of metering and payment data

Proven theft detection for meter bypass, tampering, illegal connections

Alerts and insights generation to inform corrective actions

3. ThunderBolt

Description: A utility field force app for efficient management of utility operations.

Key Features:

Real-time meter registration and commissioning

Investigation of potential theft events

Manual meter readings and evidence capture

Workflow management for enhanced utility operations

4. SunBeam

Description: A consumer app that empowers users by providing insights into energy usage and consumption.

Key Features:

Real-time updates on energy usage and payments

Consumer-friendly graphs and notifications

Language support and secure access

5. Savi Smart Meters

Description: Smart, grid-compliant meters designed to provide reliable metering solutions across various energy systems.

Key Features:

Modular communications and LCD screens

Prepaid and postpaid metering capabilities

High-security measures and real-time data acquisition

Integration with Nimbus AMI for comprehensive management

Recent Developments

2022

Product Launches: Introduced Aurora AI theft detection platform.

Partnerships: Partnered with Odyssey on NEP funded projects.

Expansion: Opened African offices in Abuja.

2021

Awards and Recognitions: Awarded AMI contract for Nigeria's REA EEP.

Compliance: Achieved DLMS/COSEM compliance.

Partnerships: Collaborated with Nextier Power and Shenzhen Donsun smart meters.

2020

Sales Milestone: Sold 55,000 meters in ten countries.

Investment: Secured $5m Series B financing led by Shell and Praetura Ventures.

Product Launches: Released Edge 6.

Note: The company continues to explore and innovate within the energy space by partnering with both utilities and technology providers to extend its market reach and enhance its solutions.