Arnergy Launches Diaspora Initiative For Clear Power Remittances • | African cellular and tech information

Arnergy, Nigeria’s main distributed utility firm delivering photo voltaic vitality options, has in the present day introduced the launch of the Diaspora Initiative – a groundbreaking scheme enabling the worldwide Nigerian diaspora to put money into photo voltaic vitality options on behalf of native people and companies. The primary of its form from an African photo voltaic firm, the Diaspora Initiative permits Nigerians overseas to buy off-grid photo voltaic panels and storage methods that are put in in households and companies throughout Nigeria to ship a clear and uninterrupted supply of electrical energy. 

With Arnergy’s tech-enabled photo voltaic fashions marking a significant innovation as a sustainable answer to Nigeria’s $29bn per-year vitality reliability disaster, outright purchases in addition to lease-to-own choices are actually accessible by way of Arnergy’s partnership with Flutterwave, pioneering a brand new type of remittances that can considerably deal with vital vitality wants for thousands and thousands. 

As a part of the brand new service, Nigerian diasporans should purchase the complete vary of Arnergy’s distributed utility fashions, that are powered by lithium-ion primarily based batteries – a sustainable different to fossil gasoline turbines, establishing a extra dependable electrical energy provide by way of storage options and a mean 10-year lifespan. With the corporate’s proprietary distant monitoring know-how, SolarBase, Arnergy’s prospects are additionally capable of monitor and modify their vitality consumption in real-time by way of the comfort of a cellular (Android & iOS) or internet app, establishing a significant breakthrough for people and companies looking for larger management over their family and OPEX prices respectively. 

Talking on the launch of the Diaspora Initiative, Femi Adeyemo, CEO and Founder at Arnergy, says “For many years, the massive lack of constant and inexpensive vitality has held thousands and thousands of Nigerians again from attaining the very best financial outcomes, however in the present day, we’re empowering diaspora throughout the globe to drive us nearer to a future the place vitality throughout the nation is 100% renewable, dependable and accessible.” 

“Now greater than ever, we’d like a direct and sustainable method to tackling what has constantly been certainly one of Nigeria’s most important challenges not just for the advantage of native Nigerians, but in addition the well being of our planet. At Arnergy, we firmly imagine the reply lies in photo voltaic vitality and through a time the place Nigerians at house are dealing with a troublesome financial interval, we’re proud to be the primary photo voltaic firm in Africa forging a brand new path for the diaspora to put money into extra accessible options for family and friends.” 

Based in 2013, Arnergy delivers dependable and sustainable vitality providers for small, medium and enormous companies and residents throughout Nigeria. Leveraging its native engineering and buyer help groups, it’s the solely African photo voltaic firm with absolutely proprietary IoT, energy electronics and software program structure that permits distant management of photo voltaic property for retail and business customers. 

The platform boasts a number one portfolio of multinational purchasers together with Heineken, KPMG, Shell, Citibank, 54Gene, Ardova and the Dangote Group and to-date, Arnergy has delivered 3MW+ of put in capability and 9MWh+ of storage capability throughout Nigeria. In 2019, Arnergy additionally turned the primary African distributed vitality firm to be backed by Invoice Gates and Jeff Bezos following its $9mn Sequence A spherical led by Breakthrough Power Ventures with participation from the Norwegian Funding Fund for Creating International locations (Norfund), ElectriFI (EDFI Administration Firm) and All On. 

The launch of Arnergy’s Diaspora Initiative coincides with the current pledge from President Buhari on the COP26 Summit that Nigeria will attain web zero emissions by 2026. Nevertheless, the prevalence of diesel gasoline turbines, which produce an estimated 29mn tonnes price of CO2 emissions annually, pose a significant stumbling block to the brand new goal, resulting in a considerably elevated degree of curiosity in cleaner and dependable options similar to lithium-ion primarily based options. 


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