This week on Techbooky Africa has been interesting enough with Bill Gates coming to Nigeria which denotes that his presence is the billion dollars pool of equity that awaits optimal technology endorsement. Gates toured the country and then cross paths with a clean energy company called Arnergy Solar focused on solar and lithium battery electricity solutions and ended the tour with BEV’s approval.
Renewable energy innovation exists in the country to decentralize the energy sector in Nigeria with an uncharted distribution that impacts Nigerians to sought for an alternate source of energy that depends on fossil fuels kind of energy. Regardless of being an oil-producing country, Nigeria is faced with significant challenges applicable to the cohort sector — especially the electricity sector backed by the hiked price of petroleum to power generator systems.
This aspect of renewable energy for electricity solutions in the country got Gates Breakthrough Energy Ventures (BEV) to diagnose Arnergy Solar operations to discover the ideal angle to lead its optioned brand of innovation in the for1m of partnerships, equity financing, collaboration, and whatsoever form of investment equity the philanthropist will assign via BEV.
Arnergy portfolio got Gates enthused in line with his mission to impact the altered digital landscape via his edible resources such as financing the optimal technology-related products based on the founder’s technical know-how on the deployment of the service. Recall the Bill Gates Foundation’s schemes to offer grants within the philanthropist periscope and the foundation’s funding priorities.
In general, Gates’ Foundation scouts for the next emerging technology to direct invite proposals by directly contacting preferred organizations. However, an entity can request the foundation’s consent to award grants via RFPs — in his case, Arnergy did not disclose the terms of which it lured BEV’s attention to touch down on the clean energy company for a real-time tour.
According to Gates’s comment that forecast “a huge energy transition opportunity where distributed solar solutions like Arnergy’s displaces gasoline generators for millions of SMEs in Nigeria given the recent fuel subsidy removal.” The Arnergy office at Ilupeju in Lagos State was where the Caucasian philanthropist met with the clean energy manufacturing company executives likewise posing as BEV.
Other inclined clean energy-related industrialists and financiers to discuss BEV’s approach to impact solar energy systems as an optimal alternative to fossil fuels that requires electricity generator hardware to source energy nor the traditional centralized energy source powered by the socialist economy. In sum, Arnergy electricity products 1hovers around renewable energy suitable for household and corporate use for electricity delivery that is reliable on the in-house manufactured lithium battery in conserving energy.