TESLA plans Nigerian expansion, with ‘Power Wall’ for $3000

Date:

After a successful entry into countries like South Australia with over 1.6 million residents, TESLA, a United States electric carmaker and clean-energy company is planning to introduce batteries that can power homes and businesses in Nigeria. This would allow consumers’ in remote areas not on a power grid access to energy and a more stabilized energy source.

Thank you for reading this post, don't forget to subscribe!

The TESLA battery system is called a ‘’Power wall” and the energy company will sell at 7kwh for $3000 (about 1.1 million Naira) while the 10kwh will retail for $3500 (around 1.3 million Naira) to installers. These prices suggest that, perhaps, TESLA batteries would be much more affordable for industries and banking estates in Nigeria, as opposed to individual households.

Tesla’s incursion into the Nigerian energy market seems well-informed. Consumer groups in Nigeria have raised concerns over the state of power distribution companies(DisCos). DisCos have been accused of estimated billing, exploitation, and unsustainable tariffs after 5 years of power sector privatization from the Nigerian government. Many industries and household consumers are complaining about the services provided to them by DisCos, and it is believed that TESLA batteries could be a solution to this.

However, there are rumours that distribution companies in Nigeria fear that this will lead to a decrease in customers, especially in the industrial sector. Many banking estates and industries already rely on alternative energy solutions. According to a 2016 report by DisCos, the use of these alternatives led to a loss of about $196.23million.

“They (DisCos) lacked the capacity to improve infrastructures,” says the director general, Alex Okoh, Bureau of Public Enterprise(BPE).

He also stated that “TESLA’s introduction could take advantage of palpable outrage in a country where over 190 million people share barely 400MW of power”. TESLA batteries have the capacity of storing solar energy and serve as a backup system for consumers during lights out.

Just another alternative?

De-centralizing energy generation in Nigeria will provide long-lasting solutions to the power failure. This means that energy generation occurs close to the consumers, as opposed to centralized energy generation where Generation Companies (GenCos) are usually far from the consumers. It will reduce the burden on DisCos by reducing the distance it will take to distribute power to energy consumers. De-centralization will help cut down costs for capital investments and lower retail cost for consumers.

Secondly, the introduction of TESLA creates an alternative to power for consumers in Nigeria. It reduces the workload on DisCos and allows them to adequately provide power to consumers on the grid.

Not every individual or small business owner might be able to afford TESLA. However, DisCos could become power suppliers for people who cannot afford it. This way, users can enjoy lower and more stable energy prices while enjoying constant supply.

So far, .

Gbenga Samson
Gbenga Samsonhttp://ThisDayLive.com
Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading