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The role that venture capital will play in developing early-stage clean energy technologies is likely to mirror its scale in developing AI, internet companies, and social media platforms. While many of the hallmarks of VC remain the same, including long-shot bets, radical new technologies, and high potential returns, many of the challenges are new.

Access to clean, renewable energy remains one of Africa’s biggest challenges, amid reports that up to 600 million people still lack access to reliable electricity. Yet, Africa has significant potential for renewable energy that can help the continent transition from unclean energy sources like biomass to renewable energy. This transition could shape Africa’s future development, regional stability, and progress amid climate change.