Contemporary technology and power company, Grid Crux Energy Solutions, recently launched with a mission to develop, finance, and deploy alternative energy solutions to the underserved segments of the African continent.
The company aims to eradicate energy poverty, promote energy equity, and ensure ease of access to energy for all.
According to the International Energy Agency, over 580 million people in Africa lack access to electricity, and this has led to negative impacts on the continent’s economic growth, health, education, and social well-being.
Grid Crux is committed to addressing this challenge by providing innovative, sustainable, and affordable energy solutions to African communities starting with its indigenous country, Nigeria.
At a recent pre-launch event with partners and key players in the tech and energy space, GC introduced MasSolar an initiative of the company which is tailored to provide easy access to sustainable energy via a digital, easy, paperless and seamless credit approach to the residentials and SME segments.
The solution leverages on the technological advancements in consumer credit, unique customer identification and a robust fintech backbone infrastructure to provide consumers with the easiest and quickest means to access credit for residential and SME renewable solutions in the market.
Speaking at the event, Grid Crux CEO, Mojola Ola, stated that “Creating this solution was born out of a passion to aid individuals and small businesses of all works of life across Africa access sustainable energy without the hassle of paperwork or collateral burden. We believe this solution will provide answers to Africa’s energy pain point.”
Asides MasSolar, GC also unveiled other innovative solutions which are set to revolutionize energy management while offering energy consumers several options which will not only
reduce their electrical bills but also monitor and manage energy consumption.
GC offers an array of solutions across the energy value chain including; renewable energy solutions, energy management, utility and industrial storage solutions, microgrids and more.
Aside from access to energy, these solutions are designed to improve network reliability and promote energy equity while optimizing costs and consequently, alleviating energy poverty in Africa.