- Clean energy investment in Nigeria is scaling quickly with MOPO’s solar-powered pay-per-use model.
- The £5m Norfund investment will accelerate MOPO’s mission to replace Africa’s costly petrol generator market.
Clean energy investment in Nigeria was significantly boosted as MOPO, a UK technology firm, secured £5 million from Norfund. The funding will expand MOPO’s innovative pay-per-use battery rental system across several African countries, including Nigeria, Uganda, Liberia, Chad, Sierra Leone, and the DRC.
The clean energy investment in Nigeria comes at a critical moment. Around one billion Africans still lack reliable access to electricity. Consequently, MOPO’s model provides a lifeline by replacing costly, polluting fossil fuel alternatives with affordable solar-powered batteries.
Currently, MOPO offers two products designed to meet diverse needs. The MOPO50 powers lighting, phone charging, and small appliances. In contrast, the larger MOPOMax supports generators, small businesses, and even e-mobility solutions. Both products are charged at solar hubs managed by local agents, ensuring a broad community impact.
Transitioning from petrol generators to renewable alternatives remains essential. The generator market in Africa is worth nearly $75 billion each year. Therefore, MOPO’s larger MOPOMax battery is a practical and cleaner replacement.
The company has already completed over 28 million rentals across its operations. As a result, demand continues to grow, showing the scale of opportunity for clean energy solutions.
MOPO’s mission has also attracted backing from Octopus Energy, the UK’s largest supplier, and British International Investment. With Norfund now on board, the firm is positioned for rapid and sustainable expansion.
By combining innovation with strong partnerships, MOPO is shaping the future of Africa’s clean energy landscape. The company’s expansion signals a decisive shift towards sustainable, affordable, and reliable energy access for millions across the continent.