Adedapo Adesanya
By Adedapo Adesanya
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 (IEA), 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.
In this regard, Grid Crux says it 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, Grid Crux 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 residential and small and medium-scale enterprise (SME) segments.
The solution leverages 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 borne out of a passion for aiding 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, Grid Crux 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.
Grid Crux 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.
