Investment Activities - BUSINESS INCUBATION

Àrgentil is also sponsoring a hybrid power solutions provider in Nigeria and its Canadian Joint Venture (“JV”) partner. The JV Company has been set up in Nigeria, to manufacture and supply industrial-sized power in a compact, modular lithium-ion battery system to provide back-up power to industrial and commercial entities at cost savings of up to 80% compared to expensive existing diesel powered generation.

It is estimated Nigeria generates between 4000 – 8000MW of off-grid generation which is as much as its actual generation and installed capacity respectively. The power solutions are applicable for achieving cost-savings in self-generation and energy efficiency for in grid-tied applications.

Future strategic partnerships with alternative and renewable energy suppliers including solar are being developed to provide off-grid and on-grid power to end users.

 

Àrgentil will continuously seek to create platform companies which it incubates with strategic technical and operating partners in high growth sectors and markets.