neo.gerald

Accelerating Solar and Battery Storage adoption in Nigeria

[neo.gerald @neogerald10]

8m Naira system in Lagos. 10kw of panels, 11kva inverter and 20kwh lithium battery. Will last 15+ years. Client spends a small amount to charge battery with grid but the rest of their power needs are sustained by solar and the battery. Never uses a generator.

[neo.gerald @neogerald10]

@Val_Gadget Could do a 10kwp (620W jinko x 16) 11kva Aurora solar inverter, and 16kwh lvtopsun battery for 7.5m installation and all included. Comes with remote monitoring.

[neo.gerald @neogerald10]

@bafem_ @longi_solar Hi Femi. I messaged you on WhatsApp but no response yet. I partner with epcs to push solar and battery system sales. We should talk

[neo.gerald @neogerald10]

@demetrius3244 @algxciento Much less. The price of lithium batteries and panels have crashed. I finance these systems. You can do 40% down and pay over the next 3 months. The price of a system that would fully cover you is your current energy bill times about 16-26.

[neo.gerald @neogerald10]

@extrafemi No it’s 210 plus per kWh. I’m arguing solar is way cheaper (over time and after an upfront investment in the system)

[Leon Simons 🌍 @LeonSimons8]

Our solar panels were not blocked by any war today. 112 kWh and going.

[neo.gerald @neogerald10]

As diesel hits 1600+ naira per litre, here’s a clients 10kw system doing 86% of its rated capacity today in lekki. The payback on solar and battery storage just shrunk to below 2 years for many Nigerians that use diesel especially during daytime hours. If your understanding of the price of solar and batteries is even 1 year old then it’s 30% more expensive. 11kva hybrid smart inverter with remote monitoring 10kw of the highest quality Chinese panels (600W+ per panel) with the highest quality lithium ion batteries (for this client 2 10kWh Aurora Solar Batteries with BYD cells) was 8m naira. 24/7 power with help from the grid. When the grid is down in the evening, battery and power management can allow 24/7 power. For me, Nigerias abundance of sun is now more important than its abundance of oil. Electrotech is the way forward

[neo.gerald @neogerald10]

@DionysianAgent Banger

[neo.gerald @neogerald10]

@moorehn It’s both

[Masu Zafi 🔥🔥 @masuzafi]

The truth has gone viral.
thanks to technology - Mehdi Hassan

[neo.gerald @neogerald10]

@JessePeltan Depends how the gains of automation and productivity are distributed. If it goes to tiny minority of elites we’ll just create more useless jobs to keep people working rather than have a baseline level of abundance for all that improves as we continue to automate

[neo.gerald @neogerald10]

@MarcosArrut Any recent paradigm shift that makes you more/ this confident?

[neo.gerald @neogerald10]

@RemyAjenifuja @markessien Your profit comes from the fact that the system lasts 15 years but you recover the initial investment in around 3 years. As long as you can charge power under the clients alternative you will make revenue. Difficult to make a loss

[neo.gerald @neogerald10]

Right now I’ve done sales and a lease to own. Essentially, for daytime users especially (8am-6pm) there is a commercial opportunity to get under 3 year payback by putting a solar and battery system to cover their load and charging them for power at 30-50% the rate of diesel/ their energy mix. If they’re a heavy diesel user 8am-6pm you can get a quick return on the capex of the solar and battery system. I’m working on a few deals now and structuring it. It requires funding from investors to procure the hardware but means instant cost savings for the client.

[neo.gerald @neogerald10]

Anyone who can afford diesel can afford solar if the structure is right. High earners can afford outright purchases. People who cant can enter agreements with companies (like mine) who charge a flat monthly fee to use power from the solar system, reducing their energy bill by 40-50% instantly while still being commercially viable for us.

[neo.gerald @neogerald10]

@T_E_R_Y @nolimitmiracle I see I see nice. What about the panels?

[neo.gerald @neogerald10]

@austin_ug_ @obaofph01 The inverter used is Aurora solar inverter. They only allow like 3 different apps one of them is solar of things. We’re using a WiFi dongle for it

[neo.gerald @neogerald10]

The only real question is whether the solution is, directionally, highly personalised intervention and whether the way the system is set up now would allow for tests that explore this. If paying thousands of dollars to get dna data at birth to know what cancer your kid is likely to get and starting intervention from day 1 makes a difference then I think that’s pretty big

[neo.gerald @neogerald10]

Yeah exactly that’s a great question and the core part of this discourse. What if we need highly personalised and tailored solutions and our current approach somewhat blocks that. It’s not absurd to think that highly specific information about our complex biological states could be used to create highly targeted and tailored solutions and that the bottleneck is increasingly less a technological, financial or scientific issue. Even if it costs $200k to do this that’s still huge

[neo.gerald @neogerald10]

@T_E_R_Y @nolimitmiracle If you’ve got the roof space and you’re interested we can talk. Much cheaper than grid over time