CrossBoundary Access, Mobile Power Partner to Bring $10 Million Electricity Access to Rural Communities In Nigeria
By Faridat Salifu
In a recent collaboration between CrossBoundary Access and Mobile Power, an impressive $10 million investment has been earmarked for the leasing of electric batteries, poised to light up rural Nigeria. This groundbreaking Mobile Power solution promises to bridge the electricity gap in underserved regions.
Mobile Power’s innovative Mopo Hubs are set to proliferate across Nigeria’s rural landscapes in the upcoming months, all thanks to their new partnership with Sheffield-based company, CrossBoundary Access, a key player in expanding electricity access across sub-Saharan Africa. The Nairobi-based investor has pledged an initial sum of $2.25 million for this venture, with the possibility to increase their investment to a remarkable $10 million.
With the financial backing from CrossBoundary Access, Mobile Power will continue its mission to roll out Mopo Hubs, which are solar-powered stations designed for swift and hassle-free deployment in local communities. These hubs allow batteries to be exchanged through local Mobile Power agents, eliminating the need for intricate wiring.
CrossBoundary Access acknowledges that this cost-effective approach, combined with the ability to gather usage data, empowers them to strategically place their future mini-grid sites and connections. In this collaborative effort, CrossBoundary Access will fund the development and construction activities, assuming project ownership, while Mobile Power ensures that residents enjoy clean and reliable electricity for years to come under the leadership of Gabriel Davies.
“This partnership represents a significant leap forward in our quest to channel substantial investment capital into affordable, reliable, and sustainable energy solutions, thereby enhancing the economic productivity of communities across Africa,” says Michiel Bakker, Mobile Power’s Chief Financial Officer. He notes that this $10 million investment is poised to provide electricity access to a staggering 300,000 people in Nigeria, marking a significant milestone in their mission to connect millions of homes in the years ahead. Green