Nigeria - Business creation project

Décrivez votre projet en quelques mots

Terawatt installs solar assets for businesses and manages their efficiency using software.

01.01 Décrivez votre projet en détail

Terawatt is a renewable energy service provider. We are building the technology to install, manage and optimize lifecycle performance of solar assets for businesses (commercial & industrial) in Nigeria. Our mission is eponymous, to unlock 1 terawatt renewable energy generation capacity with assets under our management.

01.02 Quel est le problème principal que vous essayez de résoudre ?

Nigeria (and Sub-Saharan Africa) is starved for electricity. The country (and region) needs power and lots of it (up to 1600 terawatt hours by 2040) to fulfil its economic and social promise. Today, businesses bear the brunt of Nigeria's significantly underdeveloped power sector: 1. Grid - unstable electricity supply and high electricity tariff 2. Generator - outrageous fuel expenses and recurring maintenance costs

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service que vous souhaitez fournir par votre projet (au moins 3).

Terawatt enables businesses to stay running and never run out of electricity with three offerings as one solution: 1. 24/7 clean energy supply: Our installations are designed to meet the unique needs of every customer, providing them with clean and stable electricity. 2. Optimized performance of assets: We use software technology to monitor installed solar assets, guarantee optimal performance at all times, improve their lifecycle, and increase ROI. 3. Outsourced management of assets: Businesses can focus on their core activities and leave their electricity burden to us.

01.04 Veuillez décrire précisément à qui s'adressera le produit/service de votre projet. Quels sont les bénéficiaires visés ?

Terawatt is focused on serving Commercial and Industrial businesses. In the future, we hope to explore renewable energy farms to support the Grid and serve Residential purposes at scale.

01.05 Quand avez-vous commencé à travailler sur votre projet ?

01/04/2024

01.06 Combien y a-t-il de propriétaires sur votre projet en plus de vous ?

2

01.07 Parmi les autres propriétaires, combien sont des femmes ?

1

01.08 Veuillez décrire le profil des autres propriétaires de votre projet (compétences, expérience, etc.).

1. Chidinma Akunwa Role: Product and Technology Lead Core skill: Full-stack Software Developer Experience: 4 years Gender: Female Background: B.Eng. Electronics and Computer Engineering (UNIZIK) 2. Osinachi Nwairo Role: Service and Technical Lead Core skill: Solar Engineer and Installer Experience: 7 years Gender: Male Background: B.Tech. Quantity Survey (FUTO)

01.09 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://www.terawattenergies.co

01.10 Quel est le secteur d'activité qui décrit le mieux votre projet ?

a) Énergie (équipements, services, énergie durable et fossiles)

02.01.01 Mon projet contribue à l'objectif 'Pas de pauvreté'

4

02.01.02 Justification de la contribution de mon projet

Through job creation and economic development, Terawatt contributes to poverty alleviation by providing sustainable livelihoods and economic empowerment.

02.02.01 Mon projet contribue à l'objectif 'Faim Zéro'

4

02.02.02 Justification de la contribution de mon projet

Through job creation and economic development, Terawatt indirectly supports food security by increasing household incomes and strengthening local economies, which can improve access to food and nutrition.

02.03.01 Mon projet contribue à l'objectif 'Bonne Santé et Bien Être'

5

02.03.02 Justification de la contribution de mon projet

Access to reliable electricity provided by Terawatt to businesses, including Hospitals can contribute to improved healthcare services and outcomes. We also provide energy through a clean source, leading to better air quality and reducing health issues related to air pollution.

02.04.01 Mon projet contribue à l'objectif 'Éducaiton de Qualité'

4

02.04.02 Justification de la contribution de mon projet

Access to reliable electricity can improve educational facilities by providing consistent lighting, powering educational technology, and enabling remote learning opportunities.

02.05.01 Mon projet contribue à l'objectif 'Égalité entre les Sexes'

7 - Tout à fait d'accord

02.05.02 Justification de la contribution de mon projet

Terawatt has both male and female co-founders, we strongly encourage the participation of women in the renewable energy workforce, fostering inclusivity and diversity within the sector.

02.06.01 Mon projet contribue à l'objectif 'Eau Propre et Assainissement'

4

02.06.02 Justification de la contribution de mon projet

Solar energy can power water treatment and desalination plants, as well as water pumping systems, improving access to clean water and sanitation. As well as commercial projects, Terawatt specializes in such industrial energy installations.

02.07.01 Mon projet contribue à l'objectif 'Énergie Propre et Abordable'

7 - Tout à fait d'accord

02.07.02 Justification de la contribution de mon projet

Terawatt contributes directly to expanding access to affordable, reliable, and clean energy. Solar energy reduces reliance on fossil fuels, mitigating air pollution and greenhouse gas emissions. Terawatt's mission reflects our very commitment to provide energy services at scale only through renewable and clean sources.

02.08.01 Mon projet contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - Tout à fait d'accord

02.08.02 Justification de la contribution de mon projet

Terawatt's activities create employment opportunities in the renewable energy sector, fostering economic growth and promoting decent work for local communities.

02.09.01 Mon projet contribue à l'objectif 'Industrie, Innovaiton et Infrastructure'

7 - Tout à fait d'accord

02.09.02 Justification de la contribution de mon projet

Our technology-driven approach to managing and optimizing solar assets demonstrates innovation in the renewable energy sector. By building infrastructure for solar energy generation at scale, Terawatt contributes to resilient and sustainable industrialization.

02.10.01 Mon projet contribue à l'objectif 'Réduction des Inégalités'

4

02.10.02 Justification de la contribution de mon projet

By exploring renewable energy farms to support the Grid and reach underserved areas, Terawatt helps reduce economic inequalities; improving access to electricity, essential services, and fostering inclusive growth.

02.11.01 Mon projet contribue à l'objectif 'Villes et Communautés Durables'

7 - Tout à fait d'accord

02.11.02 Justification de la contribution de mon projet

Solar installations by Terawatt promote sustainable urban development by reducing carbon emissions and reliance on centralized power grids. This contributes to building resilient and environmentally friendly cities.

02.12.01 Mon projet contribue à l'objectif 'Consommation et Production Responsable'

5

02.12.02 Justification de la contribution de mon projet

Terawatt promotes responsible consumption and production by fostering the use of renewable energy, which is more sustainable and less resource-intensive compared to fossil fuels. Additionally, Terawatt helps businesses reduce their carbon footprint and operational waste, encouraging more sustainable business practices and resource efficiency.

02.13.01 Mon projet contribue à l'objectif 'Luttle contre les Changements Climatiques'

7 - Tout à fait d'accord

02.13.02 Justification de la contribution de mon projet

Terawatt's activities with solar assets aligns closely with efforts to combat climate change by reducing greenhouse gas emissions and promoting renewable energy sources. Solar installations mitigate the effects of climate change and contribute to global efforts to limit temperature rise.

02.14.01 Mon projet contribue à l'objectif 'Vie Sous-Marine'

4

02.14.02 Justification de la contribution de mon projet

By reducing carbon emissions and mitigating climate change, Terawatt's focus on renewable energy indirectly supports efforts to preserve marine ecosystems and biodiversity, ultimately benefiting life below water.

02.15.01 Mon projetp contribue à l'objectif 'Vie Terrestre'

5

02.15.02 Justification de la contribution de mon projet

Reduced emissions from Terawatt's renewable energy projects help protect terrestrial ecosystems by minimizing habitat destruction and pollution associated with fossil fuel extraction and use.

02.16.01 Mon projet contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

4

02.16.02 Justification de la contribution de mon projet

Access to affordable and clean energy can promote social stability and economic development, indirectly supporting efforts to build peaceful and inclusive societies and strengthen governance institutions.

02.17.01 Mon projet contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

7 - Tout à fait d'accord

02.17.02 Justification de la contribution de mon projet

Terawatt's mission to unlock 1 terawatt of renewable energy generation capacity highlights the importance of partnerships between governments, businesses, and communities to achieve sustainable development objectives. We encourage and acknowledge that collaborative efforts are essential for scaling up renewable energy infrastructure and achieving universal access to clean energy.

05.01 Il existe un grand nombre de clients qui utilisent déjà un produit/service très similaire à celui que nous envisageons de créer.

1 - Pas du tout d'accord

05.02 Le produit/service que nous voulons créer représente un type de produit/service entièrement nouveau

7 - Tout à fait d'accord

05.03 Le produit/service que nous voulons créer pourrait être décrit comme une nouvelle technologie

4

05.04 Le produit/service que nous voulons créer est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

05.05 Le produit/service que nous voulons créer pourrait être décrit comme une extension d'une gamme de produits ou de services

3

05.06 Le produit/service que nous voulons créer répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

05.07 Le produit/service que nous voulons créer est une nouvelle version d'un ancien produit/service

5

05.08 Justification de mon projet

While there are companies offering solar installations or asset management separately, few provide a comprehensive, technology-driven solution that combines both aspects as Terawatt does. Our integrated approach significantly improves upon existing services by offering a differentiated solution that extends asset lifecycle, enhances performance, and increases return on investment for businesses. The need for reliable, cost-effective, and efficiently managed solar energy solutions in Nigeria and Sub-Saharan Africa is significant and largely unmet. The evolving demand for power-generation capacity is projected to reach 1.2 terawatts, excluding solar, and 10 terawatts, including solar, by 2040. (https://www.mckinsey.com/~/media/mckinsey/industries/retail/our%20insights/east%20africa%20the%20next%20hub%20for%20apparel%20sourcing/brighter_africa_the_growth_potential_of_the_sub%20saharan_electricity_sector.pdf). We are solving this need for businesses first, then everyone else at scale.

05.09 Qui sont vos principaux potentiels concurrents et qu'est-ce qui vous différencie d'eux ?

Our main potential competitors include Empower New Energy, Starsight Energy, Equator Energy. They are the leading C&I (commercial & industrial) solar installers in Nigeria with regional operations across Africa. Terawatt is re-imagining commercial & industrial solar installation for businesses, through our differentiation in post-installation support. We are building proprietary technology to efficiently manage the installed solar assets at scale.

10.06 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

I have been a keen supporter of the #WomenInTech and #WomenTechpreneurs initiatives. I am an active sponsor through the Synthera Fellowship, a platform that empowers aspiring creatives to learn and improve their tech skills, with a pay-what-you-can model. I pay $10 tuition support for at least 1 female creative in each cohort. I believe these tech creatives are true entrepreneurs because they innovate, develop, and market new technologies or digital products to meet market needs and generate business value. They go on to become not just career experts but also self-sufficient, successful freelancers. https://www.joinsynthera.com/