The investment will expand Enerplaz PayGo’s sales and
operational infrastructure to support the scaling of its EaaS model and
deployment of its 1KW – 5KW capacity Solar systems to households and small
businesses within Port Harcourt, Rivers State and its environs.
“We are deeply honoured and excited about the significant
boost that All On’s support will provide to our company’s growth trajectory,”
said Prisca Ezuzu, CEO, Enerplaz PayGo.
“With the backing of this investment, we are strategically
positioned to expand our operations and fulfil our core mission of offering
affordable, reliable, and sustainable energy solutions to households and
businesses in Nigeria.”
The steady increase in per capita energy demand, coupled
with the recent removal of petrol subsidies in Nigeria have significantly
increased demand and interest in the adoption of more efficient and sustainable
energy alternatives, the company said.
Enerplaz’ solar-powered Energy-as-a-Service (EaaS) model
enables micro and small businesses and residences meet their energy
requirements. The Enerplaz EaaS model offers a practical and economically sound
means of providing cost-efficient solar energy solutions, saving its customers
the substantial capital expenditures typically associated with the acquisition
of solar energy systems.
“In light of the economic challenges facing the nation, we
are delighted to partner with a company working to provide MSMEs and households
with a cost-saving energy solution that reduces their reliance on petrol/diesel
generators by at least 30 percent ,” said Caroline Eboumbou, CEO, All On.
“This investment also signifies our continued commitment to
facilitating the closing of Nigeria’s significant energy access gap by
investing in companies like EnerPlaz, who have both proven their business model
and are working within the Niger Delta region – an area dear to our company and
group,” she said.
Enerplaz PayGo officially commenced business operations in
2021 and has swiftly established itself as a prominent player in the EaaS
market servicing its niche market. The company has successfully deployed 92KW
of solar systems, catering to the energy needs of discerning customers in Port
Harcourt, Rivers State.
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