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]
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]
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]
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]