Responsible Investment Management and Advisory Services

Energy Entrepreneurs Growth Fund

The US$120 million Energy Entrepreneurs Growth Fund (EEGF), initiated in 2019 by Shell Foundation and FMO, provides catalytic financing for early- and growth-stage companies in Sub-Saharan Africa operating in the access to energy ecosystem. EEGF intends to accelerate the achievement of Sustainable Development Goal 7, which aims to “Ensure access to affordable, reliable, sustainable and modern energy for all” by 2030.


EEGF supports all types of companies operating in the access to energy value chain, aiming to contribute to the development of the entire off-grid energy ecosystem and providing benefits to all stakeholders. Managed by Triple Jump, the fund is designed to offer patient, risk-tolerant and flexible capital combined with targeted technical assistance. This type of capital addresses an important gap in the sector and seeks to provide a bridge towards bringing in commercial scale-up investors.

EEGF will focus on mezzanine structures as well as equity and debt investments through tailored solutions to meet the changing needs of growing energy companies. Persistent Energy Capital (, a leading venture builder in the energy access sector in Africa, has been appointed as advisor to the fund. Persistent will provide hands-on operational support to energy companies, such as interim CFO services, IT and process improvements, portfolio management and HR support, to help them transition into the next stages of development.

Triple Jump is a member of the Global Off-Grid Lighting Association (GOGLA) and endorses the GOGLA Consumer Protection Code, setting the standard for best practices and responsible growth of the off-grid solar sector. The Code focuses specifically on transparency responsible sales and pricing, good consumer service, good product quality, data privacy and fair and respectful treatment.

EEGF Environmental and Social Policy and Management System