Microsoft and ICE Commercial Power have entered a partnership agreement to power hundreds of Micro, Small and Medium Enterprises and underserved communities.
ICE is a Nigeria-based affordable and renewable energy provider that deploys microgrids to help small and medium businesses which have limited or no access to power supply.
In a pilot programme, ICE had earlier deployed 20 solar microgrids to connect about 170 underserved small businesses across three communities in Nigeria. The pilot program was undertaken in Edo, Delta and Ondo States.
In a statement released by the company, ICE Commercial Power noted that it understood the electricity challenges of small businesses and underserved communities in Nigeria, especially at a time when the cost of energy is exorbitantly high.
Investors King earlier reported that because of the hike in the price of diesel, the cost of doing business in Nigeria has increased by more than 50 percent in 2022. This has adversely impacted the profitability of many businesses.
According to ICE Commercial Power, “Many of Nigeria’s SMEs rely on using generators to provide power, but these machines can be unreliable, and the fuel and maintenance costs are high”.
“The African Development Bank noted that Nigerians spend about $14bn on generators and fuel yearly in order to avoid crippling downtime for their businesses.
“SMEs play a vital role in driving economic growth and job creation on the continent. Connecting SMEs to alternative energy sources helps to minimise downtime and maximise productivity.” the statement read.
ICE Commercial Power further stated that the power project in partnership with Microsoft will connect businesses and underserved communities to reliable and affordable clean energy.
The company also declares that users will be able to monitor their energy usage online to have significant control over their energy consumption.
