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Arnergy Partners Flutterwave to Push For Clean Energy Remittances

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 Arnergy, Nigeria’s leading distributed utility company delivering solar energy solutions, has partnered with Flutterwave to launch the Diaspora Initiative – a groundbreaking scheme enabling the global Nigerian diaspora to invest in solar energy solutions on behalf of local individuals and businesses.

The first of its kind from an African solar company, the Diaspora Initiative enables Nigerians abroad to purchase off-grid solar panels and storage systems which are installed in households and businesses across Nigeria to deliver a clean and uninterrupted source of electricity.  

With Arnergy’s tech-enabled solar models marking a major innovation as a sustainable solution to Nigeria’s $29bn per-year energy reliability crisis, outright purchases as well as lease-to-own options are now available through Arnergy’s partnership with Flutterwave, pioneering a new form of remittances that will significantly address critical energy needs for millions. 

As part of the new service, Nigerian diasporans can purchase the full range of Arnergy’s distributed utility models, which are powered by lithium-ion based batteries – a sustainable alternative to fossil fuel generators, establishing a more reliable electricity supply through storage solutions and an average 10-year lifespan. With the company’s proprietary remote monitoring technology, SolarBase, Arnergy’s customers are also able to monitor and adjust their energy consumption in real-time through the convenience of a mobile (Android & iOS) or web app, establishing a major breakthrough for individuals and businesses seeking greater control over their household and OPEX costs respectively. 

Speaking on the launch of the Diaspora Initiative, Femi Adeyemo, CEO and Founder at Arnergy, says “For decades, the huge lack of consistent and affordable energy has held millions of Nigerians back from achieving the best possible economic outcomes, but today, we’re empowering diaspora across the globe to drive us closer to a future where energy across the country is 100% renewable, reliable and accessible.” 

“Now more than ever, we need a direct and sustainable approach to tackling what has consistently been one of Nigeria’s most critical challenges not only for the benefit of local Nigerians, but also the health of our planet. At Arnergy, we firmly believe the answer lies in solar energy and during a time where Nigerians at home are facing a difficult economic period, we’re proud to be the first solar company in Africa forging a new path for the diaspora to invest in more accessible solutions for friends and family.” 

Founded in 2013, Arnergy delivers reliable and sustainable energy services for small, medium and large businesses and residents across Nigeria. Leveraging its local engineering and customer support teams, it is the only African solar company with fully proprietary IoT, power electronics and software architecture that allows remote control of solar assets for retail and commercial users. 

The platform boasts a leading portfolio of multinational clients including Heineken, KPMG, Shell, Citibank, 54Gene, Ardova and the Dangote Group and to-date, Arnergy has delivered 3MW+ of installed capacity and 9MWh+ of storage capacity across Nigeria. In 2019, Arnergy also became the first African distributed energy company to be backed by Bill Gates and Jeff Bezos following its $9mn Series A round led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), ElectriFI (EDFI Management Company) and All On. 

The launch of Arnergy’s Diaspora Initiative coincides with the recent pledge from President Buhari at the COP26 Summit that Nigeria will reach net zero emissions by 2026. However, the prevalence of diesel fuel generators, which produce an estimated 29mn tonnes worth of CO2 emissions each year, pose a major stumbling block to the new target, leading to a significantly increased level of interest in cleaner and reliable alternatives such as lithium-ion based solutions. 

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NASENI and REA To Deploy Renewable Technologies for Rural Areas in Nigeria 

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The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI Solar resources and other renewable energy technologies, to increase electricity supply to Nigeria’s rural areas.

This commitment was the outcome of discussions between the two chief executives in Abuja recently when the EVC/CEO of NASENI visited the Rural Electrification Agency (REA) office as part of his efforts to engage with stakeholders to promote the adoption of NASENI’s technologies.  

Mr. Halilu, who assumed office two weeks ago as NASENI’s chief executive, said, “The focus is to hit the ground running by nurturing effective collaborations with the right stakeholders who will assist NASENI to fulfil its mandate of providing the science and engineering infrastructure base for Nigeria’s businesses and economy to thrive.” 

According to him, “The strategy, going forward, for NASENI includes knocking on the doors of potential end-users of the Agency’s technology and engineering products, making off-take of our Research & Development (R&D) easy, while also bringing the direct impact of our work to bear on the Nigerian economy.”

The two chief executives pledged to work together to bring down the cost of solar power installation in rural areas, through efforts such as increased local production of solar panels by NASENI. The overall goal, according to the REA MD, Ahmad Salihijo, is to facilitate the Federal Government’s ambition to achieve the electrification of Nigeria’s rural areas in record time.

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Schneider Electric Seeks Adoption of Electric Vehicles In Nigeria as a Solution to Fuel Challenges

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As the demand for sustainable transportation solutions rises, Schneider Electric has emphasized the need for adoption of electric vehicles (EV) solutions to alleviate future fuel challenges.

The country president, Schneider Electric, Ajibola Akindele disclosed this while showcasing the global energy management and automation giant’s cutting-edge range of Electrical Vehicle (EV) chargers at the West African Automotive Show, Landmark, Lagos, Nigeria.

Stating that there is growing interest for electric vehicles, Akindele, highlighted Schneider Electric’s commitment towards providing a reliable and sustainable solution for Nigeria’s transportation sector, “Fuel scarcity remains a significant concern in Nigeria and the cost is now an added challenge.

“Schneider Electric recognizes electric vehicles as a sustainable and efficient solution to address these issues, now and in the future. By shifting towards electric vehicles, Nigeria can reduce its dependency on fossil fuels and decrease carbon emissions. Schneider Electric is committed to supporting this transition by providing reliable and scalable EV charging solutions.”

Speaking on the exhibition success and visitor’s reactions, marketing communications manager, Omobolanle Omotayo, said “The exhibition witnessed enlightening engagements with electric vehicle enthusiasts and industry professionals, which provided valuable insights on the growing EV market in West Africa and the need for a robust charging infrastructure to support the transition to electric vehicles effectively.”

Schneider Electric commended the efforts of the Lagos State Government in promoting the importation of automotive electrical vehicles(buses) into Nigeria. This forward-thinking initiative demonstrates the government’s commitment to cleaner mobility and paves the way for a greener transportation ecosystem.

The EV charger product manager, Grace Olorunsola highlighted Schneider Electric’s diverse portfolio of EV charging solutions, “EV Charging solutions caters to the needs of both residential (EVlink Home) and commercial requirements (EVlink Pro AC). The charging solutions offer convenience and flexibility of use, ensuring electric vehicle owners can charge their vehicles efficiently without hassle.

“By implementing Schneider Electric’s EV charging solutions, Nigeria can seamlessly transition to electric vehicles and provide a sustainable and reliable transportation system for its citizens,” she added.  

Schneider Electric drives digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centres, infrastructure, and industries.

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Why WATT Renewable Is Investing $100m for solar-powered telecoms towers in Nigeria

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WATT Renewable, a private independent clean energy producer is to raise as much as $100 million by the end of 2024 to expand its business of providing solar power, mainly to telecommunications towers in Nigeria.

Sherisse Alexander, chief investment officer of WATT Renewable stated that the company has installed 12 megawatts of generation capacity at about 160 sites and has a pipeline of projects 10 times that size.

According to Alexander, the Canadian company would prefer a major investor to take a stake but will finance projects individually if need be.

“What we are looking at is a corporate raise. WATT is talking to companies that are already involved in the energy industry that have an understanding of renewable energy and specifically the African market,” she said.

WATT is one of a number of energy startups trying to provide power solutions in Africa, where about 600 million people, or half the population, have no access to electricity. Businesses across the continent are offering services ranging from mini-grids to small hydro plants to reach areas that aren’t connected to national grids.

One of its main customers is Pan African Towers Ltd., a Nigerian provider of masts. In addition to telecommunications, WATT has also focused on financial institutions and some commercial and industrial companies.

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