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Petra Power looks to modernize energy for data centers and defense vehicles

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As AI gobbles up an ever larger amount of energy, the hunt is on for efficient and cost-effective power sources. One of the companies leading the charge is Petra Power.

Petra, which was founded in 2017, sells solid oxide fuel cells — ceramic devices that convert fuel, like natural gas, into electric power without burning it. The company markets them as a more efficient and environmentally friendly way to operate data centers and large vehicles.

Petra’s founder, Aaron Goodman, told TechCrunch that his company’s product has significantly lower fuel costs and emissions than traditional power sources, and that they have much less of a physical footprint, too, because they’re more compact and lightweight.

The efficiency, and the cost savings that come with it, is what makes the fuel cells attractive. “Combustion takes fuel and creates explosions,” Goodman said, describing how traditional power generation works. “Those explosions create heat. That heat creates motion. The motion powers an electromotive force, which eventually creates electricity. It’s a lot of steps, and they all have so much loss in them that you end up with a really inefficient system.”

Petra’s fuel cells skip most of these steps. “What fuel cells do is they take the electrons directly off of the fuel, so they strip the fuel of its electrons, which creates electricity,” he explained. “It’s one step, no loss, and subsequently, in theory, at least, they’re much, much more efficient.”

As a result, companies that run off fuel cells stand to save a significant amount on fuel costs, Goodman said.

Although it may offer an innovative product, the customer base is still emerging for Petra. Goodman said that his company is targeting two different types of customers: data centers and the Defense Department.

Goodman doesn’t want to reveal specific agreements just yet, but said Petra is currently working with neoclouds and other infrastructure providers that were a few steps down from the hyperscaler crowd. The target for first deployment with these customers is 2028, with full-scale production for the company hopefully set for 2029, Goodman said.

“Hyperscalers are an ICP [ideal customer profile] for us, and we talk a lot to them, but we don’t have anything firm with them yet,” said Goodman. “We’re still kind of working in that direction. Obviously, they’re the largest consumers of power. They’re the ones that we can make the biggest impact with, so that’s where we’d like to go.”

The other customer — the government — is also still taking shape. The idea is that Petra’s fuel cells will be able to provide auxiliary power for land vehicles, meaning electricity for onboard equipment when the main engine is off. But Petra’s product has not actually deployed on a live vehicle yet, Goodman clarified. Instead, the fuel cells are in the testing phase, during which the government is deciding whether to move forward, he said.

Petra is a small team — some 15 people — but the company is growing, Goodman said. Petra has so far received nearly $9 million in contracts from the Defense Department, and the hope is to scale that work significantly in the coming years, he said.

Petra Power was selected for this year’s TechCrunch Startup Battlefield 200, a group of 200 startups chosen for the program. You can catch all the action this coming week in downtown San Francisco at Moscone West.

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Health

Five key lessons from Nigeria Health Watch’s 2026 Health Conference

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Nigeria has seen advances in medical research, technology, and healthcare innovation, yet many communities still struggle to access essential health services.

From infectious disease outbreaks and maternal deaths to inadequate financing and shortages of health workers, the country’s healthcare challenges extend beyond the availability of new technologies.

These challenges dominated discussions at the 2026 Future of Health Conference, organised by Nigeria Health Watch, where experts examined how promising innovations could be translated into practical improvements in healthcare delivery.

The 11th edition of the annual conference brought together policymakers, researchers, health professionals, innovators, development partners and private-sector representatives to discuss ways to strengthen Nigeria’s health system.

The discussions focused on moving beyond pilot projects and isolated successes to interventions that can reach more people, improve health outcomes and remain effective over time.

Across presentations, panel discussions and partner sessions, five key lessons emerged.

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1. Innovation must deliver measurable results

One of the conference’s central messages was that developing a new technology or healthcare intervention does not automatically translate into better health outcomes.

Experts emphasised that an innovation’s success should be measured by its ability to solve real problems, improve access to care, and produce lasting results.

This means looking beyond introducing new technologies to whether they are affordable, accessible and sustainable.

For example, a medical device may improve diagnosis in a health facility. Still, its impact will remain limited if no trained workers can operate it or systems ensure patients receive appropriate treatment.

The discussions also highlighted the importance of addressing financing, infrastructure and workforce challenges that often prevent promising innovations from reaching communities.

The lesson was that innovation should be judged not only by what has been developed, but by the difference it makes in people’s lives.

2. Reliable data can change health decisions

Another major lesson was the importance of accurate data in understanding health challenges, measuring progress and guiding government decisions.

A presentation on Nigeria’s HIV response illustrated how inaccurate estimates can affect the interpretation of health programme performance.

According to the presentation, a national survey revised the estimated number of people living with HIV in Nigeria from 3.2 million to 1.8 million.

The revision substantially changed the reported treatment coverage figure, demonstrating how improved data can alter assessments of progress without an equivalent immediate increase in the number of people receiving treatment.

The example showed why reliable population estimates are important when evaluating the effectiveness of public health interventions.

Research on malaria drug resistance provided another illustration.

Researchers are using molecular analysis of malaria parasites to identify patterns of drug resistance across different locations, generating evidence that could help inform treatment policies and public health responses.

However, experts stressed that collecting data and conducting research were not enough.

The findings must also be communicated clearly to policymakers and incorporated into health programmes to influence decisions and improve outcomes.

3. Communities must be involved in health solutions

Discussions on Lassa fever research highlighted the importance of involving communities in disease surveillance, research and healthcare delivery.

Researchers involved in the ENABLE study explained how community engagement helped identify infections that might otherwise have gone undetected.

In some cases, symptoms such as tiredness were not initially considered serious enough to raise concerns about possible infection.

The experience demonstrated how working closely with communities can improve understanding of diseases and help researchers identify cases that may be missed through routine surveillance.

The research also examined how Lassa fever affects different population groups, including children, and the need to better understand the long-term health effects survivors experience.

Beyond infectious diseases, the discussions showed that community participation can help health workers identify barriers to care, understand local concerns and develop more appropriate interventions.

The broader lesson was that communities should not simply receive healthcare interventions. They should also help shape how those interventions are designed and delivered.

4. Primary healthcare requires trained workers, not just equipment

Maternal healthcare discussions drew attention to the challenges pregnant women face in accessing essential services, particularly in underserved communities.

A presentation on a Project HOPE-supported initiative in Bwari Area Council of the Federal Capital Territory described efforts to improve maternal healthcare across 10 primary healthcare facilities.

The initiative combines health worker training, point-of-care testing equipment and ultrasound services to strengthen antenatal care.

Under the arrangement, five facilities serve as hubs equipped with point-of-care ultrasound machines, while the remaining facilities refer pregnant women to the hubs when scans are needed.

The intervention aims to improve access to ultrasound examinations during pregnancy and support the early identification of complications requiring further medical attention.

However, the presentation also highlighted that providing equipment is only one part of improving healthcare.

Health workers need appropriate training, mentorship, and ongoing supervision to use diagnostic tools effectively and interpret findings.

ALSO READ: Nigeria Health Watch to host conference on scaling health innovations

Facilities also need functional referral systems to ensure that patients requiring additional care can access it.

The lesson was that strengthening primary healthcare requires coordinated investment in equipment, skilled personnel and service delivery systems.

Without these supporting structures, even useful technologies may fail to deliver their intended benefits.

5. Epidemic preparedness must begin before an outbreak

The final major lesson centred on preparing for disease outbreaks before they occur.

Experts highlighted the importance of sustained investment in vaccine research, diagnostic tools, manufacturing capacity and partnerships among governments, researchers and the private sector.

Discussions on the Coalition for Epidemic Preparedness Innovations’ (CEPI) 100 Days Mission illustrated the importance of early preparation.

The initiative aims to develop safe and effective vaccines against a new pandemic threat within 100 days of identifying the threat, with a focus on achieving initial authorisation and readiness for manufacturing at scale.

The target does not mean that entire populations would be vaccinated within 100 days.

Rather, it requires scientific research, vaccine platforms, regulatory processes and manufacturing arrangements to be sufficiently developed before a new outbreak emerges.

Experts also identified sustained financing as a major challenge, particularly because the benefits of preparedness are often less visible when there is no active public health emergency.

The discussions emphasised the need for long-term partnerships among governments, philanthropic organisations, researchers and industry to support equitable access to vaccines and other essential health technologies.

The lesson was that effective outbreak response depends largely on the investments, systems and partnerships established before a public health emergency begins.


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Business

Sovereign Trust Insurance Up Profit By 296% to N256.4 million Nine Months in 2026

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc has recorded 296 per cent growth in profit after income tax for nine months ended September 30, 2026,

A notice filed by the company on the Nigerian exchange limited shows that profit after income tax rose by from ₦64.7 million in September 2025 to ₦256.4 million in September 2026.

Profit before income tax  for the company stood at  ₦301.7 million, as against  ₦75.9 million reported in 2025, reflecting a 296 per cent increase.

However, Insurance revenue declined by 19 per cent  to stand at ₦32.31 billion, when compared with ₦40.13 billion achieved by the company in September 2025.

Insurance service expenses also came down to ₦14.35 billion from ₦18.31 billion, while net expenses from reinsurance contracts held declined to ₦16.11 billion from ₦20.12 billion.

Insurance service result appreciated  to ₦1.85 billion from ₦1.71 billion in the corresponding period of the previous year.

Investment return increased to ₦1.73 billion from ₦1.38 billion, representing a 26 per cent growth.

Total assets went up from 24.47 billion in September 2025 to ₦41.27 billion as at September 30, 2026, representing a 69 per cent increase.

Total liabilities rose to ₦19.75 billion, compared with ₦10.10 billion in same period of 2025 while total equity increased to ₦21.53 billion from ₦14.32 billion, representing growth of 50 per cent.

The company’s basic earnings per share remained unchanged at seven kobo in both reporting periods.

The financial highlights show improved profitability, investment returns and balance-sheet growth, although insurance revenue declined during the period under review.

The post Sovereign Trust Insurance Up Profit By 296% to N256.4 million Nine Months in 2026 appeared first on Business Today NG.

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