Overview

Lagos has around 4.7 million gensets, which emit an estimated 39 million tonnes of CO2 per year. The reliance on gensets for electricity due to insufficient grid availability leads to health issues and costs Nigerians ₦7.6 trillion on fuel and maintenance. The average small to medium business spends ~₦50,000-400,000 per month just on fuel. This is not just an energy crisis. It is a missed opportunity for economic growth, environmental sustainability, and global leadership. Earthbond, a climate tech start-up based in Lagos, is implementing a distributed solar project in Nigeria to reduce reliance on expensive and polluting gensets. Earthbond provides a digital one-stop-shop which removes the complexity and cost for over 45 million African businesses who need to switch to clean, affordable, and reliable energy. As well as the economic and health benefits, solar installations and the displacement of gensets will lead to a reduction in CO2 emissions.

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