Botswana Businessman Anthony Gilby's Tlou Energy Posts 3.7 Million Loss
- Tlou Energy posted a 3.7 million half-year loss, more than doubling from the prior period, as it continued investing in its Lesedi Gas-to-Power project.
- A strategic partnership with Kala Data will see Tlou power a high-density computational facility for AI, blockchain, and machine learning, diversifying its revenue streams.
- Total assets rose to 81.4 million amid investments, as CEO Anthony Gilby stays optimistic about commercial production and Botswanas energy shift.
Tlou Energy Limited, an energy firm led by Botswana businessman Anthony Gilby, has reported a half-year loss of 3.7 million for the six months ended Dec. 31, 2024. The company, still in its exploration and evaluation phase, generated no revenue during the period but continued to invest heavily in its gas-to-power project.
Progress at the Lesedi Gas-to-Power projectThe companys results show a sharp increase in losses, rising 106.8 from 1.82 million in the previous half-year period. Despite this, Tlou made notable strides in its flagship Lesedi Gas-to-Power Project, which is expected to provide reliable baseload electricity for Botswana.
In the past six months, the company has nearly completed the Lesedi substation, worked on optimizing gas production, and prepared for the next phase of well drilling in early 2025pending additional funding.
CEO Anthony Gilby remains optimistic about the companys outlook. We are on the verge of commercial production, and our infrastructure investments position us for strong growth in power generation and high-density computing services, he said.
Strategic partnership with Kala DataOn March 11, 2025, Tlou announced a key partnership with Kala Data FZCO to develop a high-density computational facility at Lesedi, powered by its gas-generated electricity. The facility will support energy-intensive computing applications such as AI, machine learning, and blockchain services.