Nigeria Lagos household off-grid energy storage power station

Is Nigeria staking a claim on the energy sector investment frontier?

Systems that capture energy and store it for later use, either to supply power to an off-grid application or to complement a peak demand, are the emerging energy sector investment frontier, but Nigeria is staking a claim.

Does Nigeria need a large-scale battery storage system?

However, the use case for large-scale battery storage is glaringly obvious in Nigeria. From food preservation to local clinics, and rural electrification and small businesses, power storage systems should factor significantly in government’s policy plans.

Can off-grid solutions be used in Nigeria?

Getting off-grid solutions to scale and commercial viability in Nigeria will unlock an enormous market opportunity in Sub-Saharan Africa across 350 million people in countries with smaller demand and/or less-robust economies.

Why are lead-acid batteries so popular in Nigeria?

Lead-acid batteries are prevalent in Nigeria used in cars, home inverter solutions, and most renewable energy projects including home system solutions. The adoption of Lithium-ion batteries is only just gaining ground but it is still expensive even if it delivers superior value.

Where are batteries made in Nigeria?

Nigeria’s battery manufacturing market is ennobled by imports from China and India. Its biggest battery manufacturing plant, Union Autoparts Mfg. Co. Limited, in Nnewi, Anambra State, lies desolate. Batteries used in power back-up systems are mostly imported or assembled in Nigeria.

Does the World Bank support Nigeria electrification project (NEP)?

There is strong support from The World Bank, which is working with the FGN to develop a five-year Nigeria Electrification Project (NEP), expected to be finalized by The World Bank in April 2018 and implemented by REA. The World Bank’s contribution for NEP is expected to be $350 million, with $150 million allocated to minigrids.