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Washington, D.C., May 28, 2013
—IFC, a member of the World Bank Group, is investing $12 million in Flexenclosure, a developer of intelligent power management solutions and modular data centers. Based in Sweden, Flexenclosure helps mobile-telephone operators and tower companies in developing countries make greater use of renewable energy and cut costs by optimizing their energy consumption.
The rising costs of diesel fuel, and lack of access to reliable energy grids is hampering the spread of mobile-phone coverage in rural areas of emerging markets—particularly in Sub-Saharan Africa, Southeast Asia, and the Pacific. Flexenclosure provides an effective solution—eSite, an intelligent power management system built on the company’s patented Diriflex control software that enables the company’s clients to optimize available energy sources in the most efficient manner. The system provides energy cost savings of up to 90 percent.
As telecom companies further expand their services to meet increasing customer demands, Flexenclosure has developed eCentre – a complete, pre-fabricated, modular solution to house and power data and telecom equipment. Optimized for energy efficiency, eCentre is specifically designed to be fast to deploy and fully future proof, providing operators with a superior, modern and greener alternative to traditional brick and mortar structures.
“We have an aggressive research and development program and are growing our sales operations in emerging markets. During the last year we have opened offices in Nigeria, Kenya, Pakistan, India, Malaysia and Dubai,” said Flexenclosure’s CEO David King. “Having IFC as a strategic investor will give us access to their global expertise and network, further enhancing our expansion strategy.”
Andrew Bartley, IFC’s Chief Investment Officer for Telecoms, Media, and Technology, said: “An estimated 800,000 cellular base stations in emerging markets rely on diesel generators for their power supply. This is a great potential market for Flexenclosure’s innovative product offering. Its growth strategy is directly aligned with IFC’s goal to improve access to mobile-phone systems for people in rural areas in emerging markets while also reducing global greenhouse-gas emissions.”
Since 2009, IFC has partnered with the GSM Association to promote the Green Power for Mobile initiative to extend mobile network coverage beyond the electricity grid and reduce energy costs and greenhouse emissions in emerging markets. The program promotes the use of renewable and alternative energy at off-grid or unreliable grid-connected cellular base stations. This could save an estimated 2.5 billion liters of diesel per year and reduce annual greenhouse emissions by up to 6.8 million tons. Flexenclosure is a recipient of the GSMA Green Mobile Award 2012.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
.
About Flexenclosure
Flexenclosure is a specialist supplier of intelligent power management systems and prefabricated data centres for the ICT industry. The company provides systems that are fully integrated, modular, factory tested for reliability, adaptable to local conditions and quick to install.
eSite is a portfolio of energy-efficient hybrid power systems for base station sites in areas where grid power is unreliable or unavailable. eSite can deliver a 90 per cent reduction in diesel fuel consumption, CO2 emissions and energy related operating expenses compared to traditional diesel based systems. Fully integrated into eSite is eManager, a one-stop interface for remote management and energy optimisation of eSite networks.
eCentre is a prefabricated, fully equipped modular data centre solution, to house and power data and telecom equipment. Optimised for energy efficiency and low total cost of ownership, eCentre is specifically designed to be fast to deploy and fully future proof.
Flexenclosure was founded in 1989 and is based in Vara, Sweden, headquartered in Stockholm and with additional offices in Kenya, Nigeria, Pakistan, Malaysia, India and the UAE. Customers include global telecom companies airtel, MTN, Vodacom and Zain. See
www.flexenclosure.com
.
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