A world where everyone has the opportunity to learn, grow and push humanity forwards. To achieve this, we must first ensure that everyone has access to fundamental resources – like electricity. Nigeria’s national electrification rate is 45%, the rural electrification rate is 36% and the urban electrification rate is 55%. The country has the largest access deficit in Sub-Saharan Africa and the second-largest in the world, after India. Nigerians spend an estimated $14bn per year on small-scale diesel generators to offset poor or non-existent grid supply and the lack of adequate power supply results in over $25Bn in annual losses to the economy (6% of GDP). We leverage a technology solution that combines decentralized solar panels and batteries with IoT hardware and A. I software, to enable energy utilities to set up profitable, renewable mesh grids in remote areas, at ½ of the cost of traditional off-grid solutions.
Sectors | Clean technology and energy, Renewable energy |
Location | Lagos, Nigeria |
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