Arnergy
Arnergy Solar Limited is an international solar company which is based in Lagos, 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
- ↑ "A pay-as-you-go solar solution could kickstart renewable energy adoption in Nigeria". https://qz.com/africa/711138/a-pay-as-you-go-solar-solution-could-kickstart-renewable-energy-adoption-in-nigeria/.
- ↑ "Africa taking giant strides to fix its electricity challenges". 21 August 2019. https://techcabal.com/2019/08/21/africa-taking-giant-strides-to-fix-its-electricity-challenges/.
- ↑ "Could solar power end Nigeria's power cuts?". BBC News. https://www.bbc.com/news/av/business-49361967.
- ↑ "The heart of the Kidepo Valley National Park - CNN Video". https://edition.cnn.com/videos/tv/2015/12/29/inside-africa-uganda-kidepo-spc-b.cnn/video/playlists/uganda-kidepo-national-park/.
- ↑ "Bill Gates-led $1 billion fund expands its portfolio of startups fighting climate change". https://qz.com/1693546/breakthrough-energy-ventures-expands-its-portfolio-to-19-startups/.
- ↑ "Nigerian Arnergy makes Bill Gates's top 5 cleantech companies that will help save the world". 24 April 2021. https://nairametrics.com/2021/04/24/nigerian-arnergy-makes-bill-gatess-top-5-cleantech-companies-that-will-help-save-the-world/.
- ↑ "Femi Adeyemo, CEO, Arnergy: Interview". 8 November 2017. https://oxfordbusinessgroup.com/interview/femi-adeyemo-ceo-arnergy-nigeria-2017.
- ↑ 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". https://venturesafrica.com/arnergy-makes-bill-gatess-top-5-cleantech-companies/.
- ↑ "Arnergy on Good Here". https://goodhere.org/organizations/arnergy/.
- ↑ "Nigerian Solar Energy Startup, Arnergy Closes $9 million Series a Round, A Major Milestone for Local Energy Companies". 25 June 2019. https://rea.gov.ng/nigerian-solar-energy-startup-arnergy-closes-9-million-series-round-major-milestone-local-energy-companies/.
- ↑ "Arnergy is bringing pay-as-you-go solar power to rural communities across Nigeria". 7 June 2016. https://techcabal.com/2016/06/07/arnergy-nigeria-is-bringing-pay-as-you-go-solar-power-services-to-rural-communities/.
- ↑ "Arnergy Secures Funding for its Renewable Energy program from Nigeria's BoI". 20 July 2015. https://techcabal.com/2015/07/20/arnergy-secures-funding-for-its-renewable-energy-program-from-nigerias-boi/.
- ↑ "Arnergy: Breaking fresh frontiers in renewable energy sector". 5 June 2016. https://guardian.ng/energy/arnergy-breaking-fresh-frontiers-in-renewable-energy-sector/.
- ↑ "Startup aims to tackle Nigeria's electricity problem". https://www.youtube.com/watch?v=kseVMiUaZd4.
- ↑ "Nigerian renewable energy solutions provider Arnergy closes Series a financing". 25 June 2019. https://guardian.ng/business-services/nigerian-renewable-energy-solutions-provider-arnergy-closes-series-a-financing/.
- ↑ "How Arnergy's tech powered solution could dent Nigeria's energy poverty". 27 June 2019. https://businessday.ng/technology/article/how-arnergys-tech-powered-solution-could-dent-nigerias-energy-poverty/.
- ↑ https://venturesafrica.com/nigerian-owned-renewable-energy-solutions-provider-arnergy-secures-9-million-funding/
- ↑ "Nigerian Energy Startup, Arnergy Seals $9m Funding to Power 35,000 Businesses". June 25, 2019. https://technext.ng/2019/06/25/nigerian-energy-startup-arnergy-seals-9m-funding-to-power-35000-businesses-by-2023/.
- ↑ "FG, Arnergy sign MoU, to deploy $9M for electrification of 20,000 businesses". December 16, 2020. https://businessday.ng/energy/power/article/fg-arnergy-sign-mou-to-deploy-9m-for-electrification-of-20000-businesses/.
- ↑ 20.0 20.1 20.2 "A Profile Arnergy Solar Limited". October 5, 2020. https://www.solarkobo.com/post/arnergy-solar.
- ↑ "Arnergy gets Canada High Commissioner’s applause on energy optimization, productivity in Nigeria". February 2, 2021. https://businessday.ng/companies/article/arnergy-gets-canada-high-commissioners-applause-on-energy-optimization-productivity-in-nigeria/.
- ↑ "Arnergy gets industry recognition for contributions to development of solar energy in Nigeria". March 30, 2021. https://businessday.ng/companies/article/arnergy-gets-industry-recognition-for-contributions-to-development-of-solar-energy-in-nigeria/.
