Revelation about major solar company shut down in South Africa

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Hohm Energy has stopped trading and some staff say they haven’t been paid in several months.

Spark Energy Services CEO and Hohm Energy marketing director Franc Gray says the company is investigating claims that Hohm Energy didn’t pay some of its staff’s salaries as it entered financial strain.

“They said they’re going to keep the money in Spark. Some of us, for three or four months, have not received salaries, and our expenses haven’t been paid,” they added. “All the capital that was raised has been raised by Spark. Spark raised $8 million, but that was really over a period of two-and-a-half years,” said Gray.

“Software in isolation doesn’t really mean anything. It needs to be operationalised. So, the Hohm brand was developed to operationalise that software.” He explained that while Hohm Energy was a major player in the space, it was still technically a start-up, having launched in 2021.

 

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