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| Industry | Solar |
|---|---|
| Founded | 2013 |
| Founder | Femi Adeyemo |
| Headquarters | , |
Area served | Nigeria |
| Website | arnergy |
Arnergy Solar Limited is a Nigerian solar power company based in Lagos, Nigeria. [1] [2] It provides energy for small businesses in Nigeria. [3] [4]
The company was started in 2013 by Femi Adeyemo, the incumbent CEO, and Kunle Odebunmi from personal savings and capital. [5]
In July 2015, Nigeria's Bank of Industry invested in the company to fund a project to provide rural communities with off-grid solar systems [6] which was also supported by UNDP. [7]
In December 2015, the Solar Nigeria Programme, part of the Department for International Development (DfID), granted a 100,000 Pounds (US$146,000) to expand the operations in Northern Nigeria. [8]
In June 2019, Breakthrough Energy Ventures along with Norfund invested US$9 million in the company. [9] [10] [11]
In December 2020, the Federal Government of Nigeria gave $9 million to provide solar energy to 20,000 micro, small and medium businesses in rural communities in the country. [12]
In February 2021, it was recognized by Canada High Commissioner for their energy optimization efforts in Nigeria. [13] By March of the same year, it received Africa Brand Award for its contribution in development of solar energy in Nigeria. [13]
Rural electrification is the process of bringing electrical power to rural and remote areas. Rural communities are suffering from colossal market failures as the national grids fall short of their demand for electricity. As of 2019, 770 million people live without access to electricity – 10.2% of the global population. Electrification typically begins in cities and towns and gradually extends to rural areas, however, this process often runs into obstacles in developing nations. Expanding the national grid is expensive and countries consistently lack the capital to grow their current infrastructure. Additionally, amortizing capital costs to reduce the unit cost of each hook-up is harder to do in lightly populated areas. If countries are able to overcome these obstacles and reach nationwide electrification, rural communities will be able to reap considerable amounts of economic and social development.
The Solar Electric Light Fund (SELF) is a non-profit organization whose mission is to design, fund and implement solar energy solutions to benefit those in poor rural communities without access to an electrical grid. This allows students to study at night and brings computers and Internet into schools. It makes it possible to bring in water for irrigation without having to hand-carry it long distances, allowing women to spend their time on money-earning enterprises. Access to electricity and water improves health care. SELF has completed several projects in more than 20 countries including a solar powered drip irrigation in Benin, a health care centre in Haiti, telemedicine in the Amazon rainforest, online learning platform in South Africa, and a microenterprise development in Nigeria.
Hanwha Solutions Corporation is a multinational energy services, petrochemical, and real estate development company headquartered in Seoul, South Korea. The company is part of the Hanwha Group, a large South Korean business conglomerate. Founded in 1965 as Hanwha Chemical, the company was rebranded as Hanwha Solutions in January 2020 when Hanwha Chemical merged with Hanwha Q Cells & Advanced Materials, which itself was formed out of a 2018 merger. The company added the Hanwha Galleria and Hanwha City Development real estate companies to its portfolio in April 2021. The Galleria division and the Advanced Materials division were spun off. The Electronic Materials business, which had remained part of the Advanced Materials division, was also transferred to a subsidiary of the company.
The developing nations of Africa are popular locations for the application of renewable energy technology. Currently, many nations already have small-scale solar, wind, and geothermal devices in operation providing energy to urban and rural populations. These types of energy production are especially useful in remote locations because of the excessive cost of transporting electricity from large-scale power plants. The applications of renewable energy technology has the potential to alleviate many of the problems that face Africans every day, especially if done in a sustainable manner that prioritizes human rights.
The Meltwater Entrepreneurial School of Technology (MEST) is an Africa-wide technology entrepreneur training program, seed fund, and incubator headquartered in Accra, Ghana. The three-phased institution was founded in 2008 to provide training, investment, and mentoring for aspiring technology entrepreneurs with the goal of creating globally successful companies that create wealth and jobs locally in Africa.
Husk Power Systems, founded in 2008, is a company based in Fort Collins, Colorado, US, that provides clean energy services to off-grid or weak grid rural communities in East Africa, West Africa and South Asia, primarily by building renewable energy mini-grids/micro-grids. Its original technology generated electricity using a biomass gasifier that created fuel from rice husks, a waste product of rice hullers that separate the husks as chaff from the rice, a staple food in both Asia and Africa. In the mid-2010s, with the rapid decline in the price of solar PV and batteries, Husk pivoted its business model to focus more on solar-plus-storage mini-grids, while continuing to use biomass in combination with solar to serve communities with larger electricity demand. In 2021, Husk Power was recognized in the REN21 Renewables Global Status Report as the first mini-grid company to achieve significant scale, by surpassing 100 solar hybrid community mini-grids, and 5,000 small business customers. In 2022, Husk signed an Energy Compact with the United Nations, in which it set a target of building 5,000 mini-grids and connecting at least 1 million customers by 2030.
In 2018, Nigeria's primary energy consumption was about 155 Mtoe. Most of the energy comes from traditional biomass and waste, which accounted for 73.5% of total primary consumption in 2018. The rest is from fossil fuels (26.4%) and hydropower.
Jumia is a Pan-African technology company that is built around a marketplace, logistics service and payment service. The logistics service enables the delivery of packages through a network of local partners while the payment services facilitate the payments of online transactions within Jumia’s ecosystem. It has partnered with more than 100,000 active sellers and individuals and it competes at various levels, indirectly with retailers such as Jiji and Maybrands limited, and is a direct competitor to Konga in Nigeria, and Amazon and Noon in Egypt.
The Nigerian energy supply crisis refers to the ongoing failure of the Nigerian power sector to provide adequate electricity supply to domestic households and industrial producers despite a rapidly growing economy, some of the world's largest deposits of coal, oil, and gas and the country's status as Africa's largest oil producer. Currently, only 45% of Nigeria's population is connected to the energy grid whilst power supply difficulties are experienced around 85% of the time and almost nonexistent in certain regions. At best, average daily power supply is estimated at four hours, although several days can go by without any power at all. Neither power cuts nor restorations are announced, leading to calls for a load shedding schedule during the COVID-19 lockdowns to aid fair distribution and predictability.
Breakthrough Energy is the umbrella name of several organizations, founded by Bill Gates in 2015, that aim to accelerate innovation in sustainable energy and in other technologies to reduce greenhouse gas emissions. It invests in a variety of startup companies that are attempting to commercialize new concepts such as nuclear fusion, large-capacity batteries to store renewable energy, and microbe-generated biofuels.
M-Kopa is an African connected asset financing platform that provides underbanked customers in Africa to essential products including solar lighting, televisions, fridges, smartphones & financial services. M-Kopa was launched commercially in 2012 and is headquartered in Nairobi. The company is currently operating in Kenya, Nigeria and Uganda.
Co-Creation Hub, commonly referred to as Cc-HUB or the HUB, is a technology-oriented centre located in Yaba, a district of Lagos. Founded in 2010 by Bosun Tijani and Femi Longe, it provides a platform where technology-oriented people share ideas to solving social problems in Nigeria.
Bank of Industry Limited is Nigeria's oldest and largest Development Finance Institution (DFI) currently operating. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%). The bank has 11 members on its board and is chaired by Aliyu Abdulrahman Dikko.
Jessica O. Matthews is a Nigerian-American inventor, Founder, CEO and venture capitalist. She is the co-founder of Uncharted, which made Soccket, a soccer ball that can be used as a portable power generator. Matthews attended Harvard College and graduated from Harvard Business School. In 2011, Fortune named her one of its "10 Most Powerful Women Entrepreneurs" and in 2015, named her as one of it "Most Promising Women Entrepreneurs". In 2012, the Harvard Foundation for Intercultural and Race Relations named her "Scientist of the Year." Matthews is a dual citizen of the U.S. and Nigeria. The President of Nigeria named her an "Ambassador for Entrepreneurship" for the country.
PEG Africa is a for profit corporation, financing and deploying solar power to households and SMEs in West Africa. The company provides loans for pay-as-you-go (PAYG) solar power home systems and solar water irrigation to customers that do not have access to an electrical grid. The loans are repaid by customers in small increments, using mobile payments. The solar power home systems can be used by customers as collateral for loans on further products and services.
Olatunbosun Tijani is a Nigerian-British entrepreneur, co-founder and CEO of Co-Creation Hub (CcHUB), the leading Pan-African innovation and technology centre. Co-Creation Hub works at the forefront of accelerating the application of innovation and social capital for a better society.
Onyeka Akumah is a technology entrepreneur with a focus on transportation, agriculture, real estate, and media sectors. He is popularly known as the founder of Treepz Inc. Prior to founding his company in 2019, Onyeka Akumah was the CEO of Farmcrowdy. He is credited to have been involved in the success of various tech and e-commerce companies in Africa where he held positions and contributed to their growths.
Gokada is a tech startup based in Lagos, Nigeria. The startup launched as a ride-hailing company in 2017, before diversifying into Logistics and Food Delivery in 2020 after a ban on commercial motorcycles by the Government of Lagos State.
Dubai Investment Fund (DIF) is an independent international asset and investment management company headquartered in Dubai, United Arab Emirates.
WiSolar is a transnational solar electricity company in Africa that was founded in 2016 by Nigerian-born entrepreneur Tonye Irims. The company is headquartered in Bronkhorstspruit, South Africa, with a presence in Nigeria. Its primary mission is to make solar electricity easily accessible and affordable across Africa.
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