Oretronics Technology solves Energy Poverty, High Electricity Costs, Electricity Access and Carbon Foot-print challenges in Nigeria thus increasing energy security by developing, deploying and distributing renewable energy and energy efficient technologies and solutions through Solid-State Lighting Manufacturing and Solar Energy with Energy Storage services.
Incandescent lighting wastes about 90% of the energy it consumes as undesired heat. Cost of powering incandescent lighting is extremely high; about 10 times that of Solid-State lighting. Incandescent lighting has very short run-time of 1,000 hours. 80 million people in Nigeria lack access to electricity. Nigerian businesses spend almost $14 billion (₦5 Trillion) annually on inefficient generation that is expensive ($0.40/kWh or ₦140/kWh or more).