Beacon Power Services Debt Financing

Lead

• EU
  European Bank for Reconstruction and Development

  Private Equity

  LeadProfile of European Bank for Reconstruction and Development →

Senior corporate loan of up to USD 10 million from the EBRD to Beacon Power Services Nigeria Limited (BPSN) and Beacon Power Services Corporation (BPS, US parent), to scale operations and deploy smart metering and grid solutions for six of Nigeria's eleven DisCos. Cap wording: 'up to' per EBRD project 56957 and Ecofin; disbursed amount not disclosed, so amount left unset. EBRD board approved in early July 2026 per the project document; date_announced 2026-07-22 is the earliest public report found (Ecofin, citing the project document). EBRD press release dated 12 Oct 2026 describes a financing package. Total project cost est. USD 20.9mn: EBRD loan up to 10mn; USD 7.5mn expected from a parallel financing facility (co-financier not identified in sources); equity covers the balance. The 20.9mn project cost is not capital raised by the startup. Lead flag: EBRD is the only named lender. Launch Base Africa (16 Oct 2026) reports BPS committed to UN Women's Empowerment Principles and appointed Ije Ikoku Okeke to its board; this is not a funding fact.

• ebrd.comEBRD project 56957: Beacon Power Services Nigeria Limited↗
• ebrd.comEBRD supports digitalisation of Nigeria's power distribution network (12 Oct 2026)↗
• ecofinagency.comNigeria: EBRD Commits Up to $10 Million to Improve Electricity Metering (Ecofin, 22 Jul 2026)↗
• launchbaseafrica.comEBRD Backs Nigerian Grid-Tech Startup Beacon Power Services in $20.9m Push (Launch Base Africa, 16 Oct 2026)↗

Who led Beacon Power Services's Debt Financing?

European Bank for Reconstruction and Development led the round.

Who invested in Beacon Power Services's Debt Financing?

1 investor is named for this round: European Bank for Reconstruction and Development (lead).