Nigerian distributed utility company, Arnergy, has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries , EDFI, ElectriFI and All On.Anergy observed that millions of businesses across Nigeria require 100 per cent reliable and clean energy to maintain seamless operations and profits.
Since launch, Arnergy claimed it has delivered over 2MW of installed capacity and over 5MWh of storage capacity to business and residential clients across Nigeria. According to Carmichael Roberts of Breakthrough Energy Ventures, “Arnergy inherently understands the West African market and its need for power reliability.
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