What Arnergy does

Arnergy is a Nigeria-headquartered distributed solar energy company founded in 2013 by Femi Adeyemo, operating primarily in Lagos and serving residential, commercial, industrial, telecom, and government customers with modular solar-plus-storage systems. The company sells four core product lines — Opulence (5-15kW premium all-in-one residential and small commercial systems), Elegance (modular solar-plus-storage in 10-30kWh/6-18kW configurations), Inaeko (portable 1.2kW and 2.2kW solar generators), and AGEN (industrial-grade systems scaling from 50kW to 2MW with integrated PCS inverter and ESS battery storage) — all managed through a proprietary cloud-based monitoring platform called SolarBase. Arnergy has achieved global safety certifications (IEC, ISO, UL, CE) on the AGEN line, deployed 2.0 MWp of installed capacity and 5.0 MWh of storage by 2018, and deployed a 100kVA urban mini-grid in Lagos in 2022.

The company monetizes primarily through direct hardware sales (e-commerce storefront shop.arnergy.com, distributor network, and direct enterprise field sales) supplemented by a lease-to-own financing model that requires 30% upfront and spreads remaining payments monthly, quarterly, or on custom cadences, creating recurring installment revenue and lowering entry barriers for cash-constrained buyers. Go-to-market is hybrid: direct-to-consumer and SMB via the website, solar calculator tool, and distributors; enterprise sales for AGEN targeting factories, data centers, telecom operators, and government facilities. Total disclosed funding is approximately $30 million across three rounds — a $9M Series A (2019, led by Breakthrough Energy Ventures), a $3M bridge (Feb 2024, led by All On), and an $18M Series B (April 2025, including a $15M extension, with Cardinal Stone, All On, and Breakthrough Energy Ventures) — alongside strategic backing from BII, Norfund, and EDFI, with stated intent to install 12,000+ systems by 2029 and expand into Francophone Africa via a partnership-led growth model.

Name

Arnergy

Legal name

Arnergy Solar Limited

Website

https://arnergy.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Arnergy is a Lagos-headquartered Nigerian distributed solar utility that designs, sells, and finances modular solar-plus-storage systems (Opulence, Elegance, AGEN, Inaeko) for residential, commercial, industrial, telecom, and government customers, with lease-to-own financing and a proprietary SolarBase monitoring platform.

Ownership category

akta.pro rank

Product category

Solar Energy Systems

NAICS

Solar Electric Power Generation (221114), Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Solar energy systems
• Modular solar solutions
• Solar battery storage
• Distributed energy utility
• Renewable energy services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Solar System Sales (Lease-to-Own): Arnergy offers lease-to-own solar systems where customers pay 30% upfront and spread remaining payments over time, eventually owning the system outright. This financing model reduces upfront barriers and provides recurring revenue through installment payments.
2. Hardware Sales: Direct sales of solar systems including Opulence (5kW-15kW), AGEN (50kW-2MW), Elegance, and Inaeko product lines. Sales through e-commerce storefront and distributor network.
3. Flexible Payment Plans: Flexible payment options including monthly, quarterly, or custom payment cadences. Supports solar plans that fit any budget with transparent terms and no hidden fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Arnergy designs, sells, and finances modular solar power systems and battery storage solutions for residential, commercial, and industrial customers in Nigeria. Its portfolio spans portable solar generators (Inaeko), all-in-one residential/commercial systems (Opulence, Elegance), and industrial-scale power systems (AGEN, 50kW–2MW), all managed through its proprietary SolarBase IoT monitoring platform.

Product overview

Arnergy is a modular, scalable solar energy solutions provider offering a portfolio of four distinct product lines: Opulence (premium all-in-one residential and commercial systems from 5-15kW), AGEN (industrial-scale power systems scaling from 50kW to 2MW with integrated PCS inverter and ESS battery storage), Inaeko (portable solar generators in 1200W and 2200W variants), and Elegance (modular solar-plus-storage solutions in three capacity tiers). All products integrate with the proprietary SolarBase monitoring platform for real-time energy management. The portfolio serves residential, commercial, industrial, and telecom sectors across Africa with flexible financing options including lease-to-own plans.

Differentiator

Problem solved

Functional benefit

Brands

• SolarBase: Smart monitoring mobile app for tracking solar system performance, battery levels, and optimizing energy usage in real-time.

Products and services

• Opulence

Quantifiable outcome

• Reduce energy inequality and poverty in Africa
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Bank of IndustryminorStrategic or Co-development PartnerIn 2015, Arnergy collaborated with the Bank of Industry to deploy 80kWP mini-grids to underserved Osun and Edo communities, and solar home systems in Kaduna.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• d.light: d.light is a leading pay-as-you-go distributed solar provider operating across Africa and Asia. It is directly comparable to Arnergy in serving off-grid residential and commercial customers with modular solar and battery products under financing models.
• M-KOPA: M-KOPA is a pay-as-you-go solar home systems provider active primarily in East Africa with millions of customers. It is directly comparable to Arnergy in lease-to-own solar financing, modular product architecture, and emerging-market customer base.
• BBOXX: BBOXX is a UK-headquartered distributed solar provider operating across multiple African countries with pay-as-you-go solar home systems. It is directly comparable to Arnergy in distributed solar financing and emerging-market energy access focus.
• Zola Electric: Zola Electric provides distributed solar-plus-storage solutions across Africa with a focus on residential and commercial customers. It is directly comparable to Arnergy's solar-plus-storage product strategy and African geographic focus.
• PowerGen Renewable Energy: PowerGen builds and operates mini-grids and distributed solar systems across East Africa. It is directly comparable to Arnergy in mini-grid deployment, distributed energy architecture, and African commercial/industrial customer targeting.
• Sun King (formerly Greenlight Planet): Sun King is one of the largest off-grid solar distributors globally with operations across Africa and Asia. It is directly comparable to Arnergy in modular pay-as-you-go solar products and emerging-market residential customer focus.
• Fenix International (ENGIE): Fenix International (now part of ENGIE) distributed pay-as-you-go solar home systems across Uganda and other African markets. It is directly comparable to Arnergy in lease-to-own solar financing and East/Central African distributed energy.

Emerging players

• SolarArise India: SolarArise develops and operates distributed solar power assets for commercial and industrial customers in India. It is comparable to Arnergy in C&I solar focus and asset-light distributed generation, though operating in a different geography.
• CrossBoundary Energy: CrossBoundary provides commercial and industrial distributed solar and mini-grid solutions across Africa. It is comparable to Arnergy's AGEN industrial-scale offerings and African C&I customer focus, though with a project finance rather than lease-to-own model.
• Renewvia Energy: Renewvia develops and operates distributed solar power plants serving commercial and industrial customers in Nigeria and East Africa. It is directly comparable to Arnergy's industrial and commercial solar offerings within Nigeria and adjacent markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/arnergy
• YouTubeyoutube.com/@arnergysolar
• Facebookfacebook.com/arnergy
• LinkedInlinkedin.com/company/arnergy

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arnergy