In terms of electricity, about 80 million people lack access to grid electricity and Nigeria has the largest access deficit in Sub-Saharan Africa and the second largest in the world, after India. and this menace in nigeria is so much that in several states, Surgical operations have been conducted on patients under Torch lights and rechargeable lanterns. And we asked ourselves, what if it's us on that surgical table? we have to work on this. We have to light up places for life.
An extensive check and research we conducted into the problem was tailored around determining what are the basic electricity needs of humans in various places. We chose homes, students communities (and millenials generally), SMEs, locals (farmers and rural communities) and Hospitals. it was evident at the end of the questioning that they really didn't want excessive volumes of electricity and their basic needs revolved around 1. Having light in their homes and streets, to not fall in darkness 2. Taking care of their gadgets especially phones and PCs for the millenials, farmers needed to dry or refrigerate their products, hospitals needed to power fans, heaters ad sterilizers, others were managable.
Is there no Solar energy solutions already? or other renewables? Yes there are. But thay have challenges of Set up cost, accessibility and maintainability.
So we set out to solve the problems with our portable, highly efficient Mobile Power Boxes called "Light walls"
Light walls and Power boxes are unique brands of power units that have in them Storage Cells arranged to suit design, battery Management System, An inverting Unit, A Charge controler and a solar pannel.
And so, here in Nigeria, we make the solar pannels from solar cells bought. this suits us to make it arranged in such ways suits what we want to achieve, portability.
The other unique operation is that we Use Technology to recycle old lithium battery cells that have been condemned or thrown away as bad, leveraging on a very great discovery we made around lithium cells in power banks and laptop batteries. And so our technology determines the bad ones, sorts out the good ones for us, and these are re-prepared to make the battery storage for our social impact products for Hospitals, rural areas etc. So we recycle old lithium batteries to power homes and hospitals. Thus also saving the environment from excessive exposure to the lithium wastes.
This made us set a battery collection system in Nigeria, Starting from Akure where we started, to be able to collect in large volumes. And in the next few months we'll give incentives for some types of batteries we request for, hence turning waste into wealth for some.
This dropped costs by over 40%. Our units are in sizes of 200W, 1000W, and above, available for about 6-12 hours in a day. We provide 5 pieces of Custom LED (DC/AC) light bulbs and equip the box with 2 fast charging ports for mobile phones, DC Points for a DC fan and 2 DC ports for plugging in DC Heaters in case they have.
At the end of our production, we have the possibility of having our selling price equal to just 40% of the selling price of a lesser efficient competitor in Nigeria whihc is the major, unit homes solutions provider, bringing ours to $210.
in other words, we'll power a whole home with light and charging solutions, hospitals lighning, sterilization etc, with as low as $210 for not just one year, minimum of 3 years.
however, still understanding that many may not be able to afford the $210 at once, we decided to use a "Gadget financing" approach wherein we partner with banks, microfinance institutions, coorperatives, thrifts houses, to get the products and sell to their beneficiaries or members on installmental basis.
we are also partnering with governments, institutions, NGOs, working on providing light to people in rural areas, to not start getting worried on spending money on Power girds. No. Our solution gives everyone their own power and re4sponsibility to make it work and serve them. Gives them full control over their electricity.
In order to gather data and also provide after-sales maintainance services, we introduce IoT smart component which tracks power use in a virtual grid per areas. this helps with requires data for future products. And so, the ideal situation is that our monitoring system, is expected to track individual units sold all over the country. and if there is any impending problem, it alerts us and we can inform the owners of the power unit to send it for maintainance, such as battery cell replacement.
Our solution has been one of the best initiatives so far for developing countries and the products can work just anywhere in any country hence can scale.
We just won last week, a hackaton with a prize of $1250, here in Akure Nigeria, in the renewable energy space where we demo our prototype and pitch the business plan. With this fund, more adjustments are being made to get about 4 models of different power volume (watts) solution.