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.
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.
“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.