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Arnergy Solar Limited is an international solar company which is based in Nigeria.[1][2]

The company was founded in 2013 by Femi Adeyemo who is also the incumbent chief executive officer of the company.[3][4]

Arnergy provides renewable energy systems which combine solar power with storage solutions and proprietary remote management systems to resolve issues related to intermittency and grid unreliability.[5]

Since its foundation, Arnergy has delivered over 3MW of installed capacity and over 9MWh of storage capacity to business and residential clients across Nigeria.[6]

History

The company was founded in 2013 by Femi Adeyemo.[7] Adeyemo decided to start the business after seeing how the Middle East was using solar energy to power telecom towers.[8]

The mission of the organization is to deliver energy solutions for productive use, deploying products, services & systems to power businesses[9] and the company provides solar power systems to homes and businesses with a special focus on businesses in the hospitality, education, financial, agriculture and healthcare sectors.[10]

In July 2015, Arnergy secured funding from Nigeria’s Bank of Industry to provide rural communities with off-grid solar systems.[11] The project was in partnership with the United Nations Development Program (UNDP).[12]

In December 2015, the Solar Nigeria Programme, an initiative of the United Kingdom’s Government Department For International Development (DfID), implemented by Adam Smith International (ASI) awarded Arnergy a 100,000 Pounds (US$146,000) grant to expand operations in Northern Nigeria.[13][14]

In June 2019, the company announced that it raised $9 Million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), ElectriFI and All On.[15] The new capital is intended to fuel commercial growth towards providing energy reliability to customers particularly SMEs and economic clusters in healthcare, education and hospitality sectors.[16][17] The CEO explained that the company aims to use the funds to power more than 35,000 SMEs in Nigeria by 2023.[18]

In December 2020, Arnergy signed an MOU with the Federal Government of Nigeria to deploy $9 million to provide solar energy to 20,000 micro, small and medium businesses as well as underserved households, schools, hospitals among others, in rural communities across the country.[19]

Services and Products

Arnergy offers remote monitoring and predictive maintenance services, done with their tracking software.[20] It also distributes products like inverters, batteries, charge controllers and solar panels.[20]

Arnergy provides solutions for power supply problems in modular form such as Arnergy 5000X, Arnergy 5000, and Arnergy 10000. It also designs and sells solar micro-grid and rooftop solutions for small and medium businesses and communities.[21]

The company also provides a lease-to-own service with free maintenance in up to 36 months installments. The company also provides a subscription model service that is available only for small and medium businesses. During the subscription service period, the company provides free maintenance services on their inverters.[20]

Awards

Gold Award category of the tenth edition of Africa Brand Awards, awarded for its contributions to development in the solar energy sector in Nigeria.[22]

References

  1. ^ "A pay-as-you-go solar solution could kickstart renewable energy adoption in Nigeria".
  2. ^ "Africa taking giant strides to fix its electricity challenges". 21 August 2019.
  3. ^ "Could solar power end Nigeria's power cuts?". BBC News.
  4. ^ "The heart of the Kidepo Valley National Park - CNN Video".
  5. ^ "Bill Gates-led $1 billion fund expands its portfolio of startups fighting climate change".
  6. ^ "Nigerian Arnergy makes Bill Gates's top 5 cleantech companies that will help save the world". 24 April 2021.
  7. ^ "Femi Adeyemo, CEO, Arnergy: Interview". 8 November 2017.
  8. ^ Africa, Ventures (April 24, 2021). "Nigerian Arnergy makes Bill Gates's Top 5 Cleantech Companies that will help Save the World through its Breakthrough Energy Ventures project".
  9. ^ "Arnergy on Good Here". goodhere.org.
  10. ^ "Nigerian Solar Energy Startup, Arnergy Closes $9 million Series a Round, A Major Milestone for Local Energy Companies". 25 June 2019.
  11. ^ "Arnergy is bringing pay-as-you-go solar power to rural communities across Nigeria". 7 June 2016.
  12. ^ "Arnergy Secures Funding for its Renewable Energy program from Nigeria's BoI". 20 July 2015.
  13. ^ "Arnergy: Breaking fresh frontiers in renewable energy sector". 5 June 2016.
  14. ^ "Startup aims to tackle Nigeria's electricity problem" – via www.youtube.com.
  15. ^ "Nigerian renewable energy solutions provider Arnergy closes Series a financing". 25 June 2019.
  16. ^ "How Arnergy's tech powered solution could dent Nigeria's energy poverty". 27 June 2019.
  17. ^ https://venturesafrica.com/nigerian-owned-renewable-energy-solutions-provider-arnergy-secures-9-million-funding/
  18. ^ "Nigerian Energy Startup, Arnergy Seals $9m Funding to Power 35,000 Businesses". June 25, 2019.
  19. ^ "FG, Arnergy sign MoU, to deploy $9M for electrification of 20,000 businesses". December 16, 2020.
  20. ^ a b c "A Profile Arnergy Solar Limited". SolarKobo. October 5, 2020.
  21. ^ "Arnergy gets Canada High Commissioner's applause on energy optimization, productivity in Nigeria". February 2, 2021.
  22. ^ "Arnergy gets industry recognition for contributions to development of solar energy in Nigeria". March 30, 2021.