Although Nigeria has vast energy reserves, over 92 million people in the country lack access to electricity, resulting in frequent power cuts that cost the country $28 billion annually. As a result, many Nigerians rely on generators that run on petrol or diesel. However, these generators are noisy, expensive, and contribute to air pollution. Fuel shortages aggravated by the recent presidential election have made it more challenging to run generators.
In response to this energy crisis, entrepreneur Olugbenga Olubanjo founded Reeddi, a company that offers a sustainable alternative. Reeddi rents out portable solar-powered batteries called “Reeddi Capsules” that can power various devices such as TVs, laptops, and refrigerators. These capsules were recognized as finalists for the prestigious Earthshot Prize, endorsed by Prince William.
Growing up in Nigeria, Olubanjo experienced firsthand the impacts of power cuts on productivity. He decided to take action, driven by the sense of duty towards his community. Reeddi Capsules can be purchased with a solar panel for 199,000 Nigerian Naira (around $430) or rented for around 50 cents for 24 hours from local retailers.
While Reeddi Capsules are more expensive than using mains electricity, they are often more affordable than running a generator. People like Joel Jewell, a trader in Ogun State, rely on Reeddi Capsules to charge their laptop and phone during power cuts, which often last only a few hours.
Currently available only in Nigeria, Reeddi has received interest from organizations in other African countries such as Uganda, Ghana, and South Africa. However, before expanding, Olubanjo plans to optimize operations in Nigeria. Other companies, such as UK-based Mobile Power, also offer battery packs as an alternative to generators in countries like Zambia and Ghana.
Anita Otubu, a senior director at Sustainable Energy for All, commends companies like Reeddi for contributing to reducing Nigeria’s electricity access deficit. However, to scale up its business, Reeddi will need to make battery rentals more affordable or increase the capacity of each system.
Despite challenges in keeping up with demand, Olubanjo believes that Reeddi can make a significant impact and create a brighter future for Nigerians and Africans.
Reeddi – https://reeddi.com/
Earthshot Prize – https://earthshotprize.org/
Mobile Power – https://mobilepower.co.uk/
Sustainable Energy for All – https://www.seforall.org/
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