Green energy supplier start-up Rensource has implemented new business model, power-as-a-service (PaaS), to supply cleaner and less expensive solar power 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: “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.”
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.