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March 29, 2017updated 21 Jul 2022 6:40am

Rensource implements power-as-a-service (PaaS) solar offering in Nigeria

Green energy supplier start-up Rensource has implemented new business model, power-as-a-service (PaaS), to supply cleaner and less expensive solarpower in Nigeria.

By Lopamudra Roy

Green energy supplier start-up Rensource has implemented new business model, power-as-a-service (PaaS), to supply cleaner and less expensive solarpower in Nigeria.

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Rensource’s new PaaS solar offering, specifically designed for the Nigerian market, is a distributed infrastructure the customer pays to use and not to own.

The PaaS solution is said to help compensate the nation’s longstanding failure to develop sufficient utility-scale power infrastructure, replacing millions of fossil fuel generators.

Rensource’s founder and chief executive officer (CEO) Ademola (Demmy) Adesina said: “Various efforts to address the generator-centric power problem in Nigeria have largely failed.

“The additional demand from accelerating urbanisation and a rapidly growing population have far outpaced meagre investments into ageing generation and transmission infrastructure.

“Various efforts to address the generator-centric power problem in Nigeria have largely failed.”

“On the flip side, Nigeria represents an enormous opportunity for distributed solar-hybrid based generation, and is quite possibly the most likely country in the world today where skipping over utility-scale solutions and heading straight into a distributed core infrastructure is the most viable option.”

Nigeria has an underdeveloped power generation and transmission infrastructure, which provides grid generation capacity equating to less than 35W per head. The country depends on more than 60 million inefficient, expensive, and polluting fossil-fuel generators capable of addressing only 70% of the nation’s power needs.

Rensource offers its appropriately-sized PaaS solar-hybrid system, which is installed at the customers’ premises, where it is maintained and serviced by the company.

The company’s products, intended for the Nigerian customer and business, feature advanced lithium-based battery technology integrated with robust battery management systems.


Image: Rensource installs and maintains PaaS solar-hybrid system at customers’ premises to supply cleaner and cheaper electricity in Nigeria. Photo: courtesy of Rensource/Blonde.2.0.

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Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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