iergy renewables provides solar energy solutions powered by technology to residential, and micro, small and medium enterprises (MSMEs) located and operating in underserved, and most vulnerable communities across sub-Saharan Africa.
According to the Nigeria Bureau of Statistics (NBS), micro, small and medium enterprises (MSMEs) in Nigeria have contributed about 50% of the National GDP in the last five years. Nigeria, with an increasing population, now estimated at around 200 million, there has been rapid increase in commercial and industrial activities in the last decade. However, a significant of these economic activities depend on electricity. Though the significant impact, a Pricewaterhouse Coopers (PwC) report published in 2020 shows that due to poor operational efficiencies and infrastructure deficiencies of the Nigeria's power sector, the inadequate electricity supply has had an adverse effect on the business environment in Nigeria, increasing unemployment, and unproductivity, limiting creativity, diversity and innovation. This report further stated that, "approximately 1 out of every 7 firms" exits the Nigerian economy due to electricity concerns. Furthermore, according to Small and Medium Enterprises Development of Nigeria (SMEDAN), Nigeria has over 100 million MSMEs and only less than 20% have access to electricity supply from the National grid, and those who do, are frustrated by the instability of electricity supply.
Our aim is to make renewable energy the most preferred, most accessible, and the most affordable energy source among MSMEs in Sub-Saharan Africa (SSA). Our solution is devoted to the Sustainable Development Goal (SDG) - 7 - through the deployment of portable, reliable, and affordable off-grid smart solar energy systems, powering underserved, isolated yet potentially commercial viable businesses in SSA with little or no access to electricity from the National grid.