Arnergy, Nigeria’s leading distributed utility company delivering solar energy solutions, has launched the Diaspora Initiative. The groundbreaking scheme enables 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 that 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 $29 billion-per-year energy reliability crisis, outright purchases, as well as lease-to-own options, are now available through Arnergy’s partnership with Flutterwave.
The partnership is pioneering a new form of remittances that will significantly address critical energy needs for millions.
A cleaner, reliable alternative
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. This is 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 can also monitor and adjust their energy consumption in real-time through the convenience of a mobile (Android & iOS) or web app.
It’s a major breakthrough for individuals and businesses seeking greater control over their household and OPEX costs respectively.
For decades, the lack of consistent and affordable energy has held millions of Nigerians back from achieving the best possible economic outcomes. Today, however, “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,” Femi Adeyemo, CEO & Founder at Arnergy, said.
Arnergy is now pioneering a sustainable approach to tackling one of Nigeria’s most critical challenges for both local Nigerians and the health of the world.
“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.”
Why Arnergy?
Founded in 2013, Arnergy delivers reliable and sustainable energy services for small, medium, and large businesses and residents across Nigeria.
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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. To date, Arnergy has delivered 3MW+ of installed capacity and 9MWh+ of storage capacity across Nigeria.
In 2019, the company also became the first African distributed energy company to be backed by Bill Gates and Jeff Bezos following its $9 million 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 tonne 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.
