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Story perspectives

EQT CEO Aims to Power Africa with $3M Investment

2/18/2026

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Story summary
  • Toby Rice, CEO of EQT and Energy Corps co-founder, aims to provide energy to Ghana, Zambia, and Burundi.
  • Energy Corps plans to build energy infrastructure using a mix of fossil fuels and renewables.
  • Energy Corps received a $200,000 grant from the Rockefeller Foundation, and Rice and his wife contributed $3 million.
  • Rice argues that developing nations have benefited little from climate spending and urges a pragmatic approach to energy access.