In a recent display of resolute dedication to ensure smooth energy storage transition to renewable energy sources, the Rural Electrification Agency (REA) of Nigeria and the National Agency for Science and Engineering Infrastructure (NASENI) signed a 150 million dollars cooperation agreement with Shenzhen Lemi Technology Development Company Limited of China.
The formalization of this commitment through an investment in Lithium-ion energy storage manufacturing and processing factory in Nigeria
happened on the sideline of the just concluded COP-28 proceedings held in Dubai, mark a pivotal moment in the global effort towards sustainable energy practices.
The Memorandum of Understanding (MoU) which was signed under the leadership of the Federal Ministry of Power and the China Ministry of Ecology and Environment indicated that operations will commence in phases, starting from the 2nd quarter of 2024. It is anticipated to serve as a pioneer initiative for the Light and Bet initiative in Africa, aligning with global efforts to
drive climate technology development and transfer.
This collaboration as indicated will strengthen NASENI’s mandate under the Agency’s new leadership to manage the research and development of capital goods, production and reverse
engineering to enhance local mass production of standard parts, and services for the nation’s technological advancement with a special focus on the Nigerian electricity sector.
Furthermore, the collaboration underscores REA’s commitment to bridging the climate technology gap and combating the adverse effects of climate change. It also aligns
with Nigeria’s ambitious goals of achieving universal electricity access by 2030 and net zero emissions by 2060.
The primary objective of this partnership is to foster the development and transfer of climate technology, promote indigenous industrialization, facilitate commercialization, enhance public
private cooperation, and contribute to job creation, economic growth, and the extractive industry in Nigeria. Recognizing the crucial role of energy storage in the transition to renewable energy sources, the investment in Lithium Ion energy storage manufacturing signifies a significant
step towards achieving a low carbon economy.
Research indicates that Lithium Ion energy storage has the potential to reduce CO2 emissions by more than 20 percent per kWh capacity compared to traditional lead-acid technology. However, both REA and NASENI is said to remain steadfast in their commitment to cultivating partnerships that accelerate clean, innovative, and sustainable energy interventions, contributing to the global pursuit of a greener and more sustainable future.
This strategic move signifies a paradigm shift in the energy sector, with the potential to revolutionize the manufacturing landscape and contribute significantly to bridging the electricity access gap in the country.
The REA is the Implementing Agency of the Federal Government of Nigeria, under the Federal Ministry of Power, charged with the electrification of unserved and underserved communication growth and improve the quality of life for Nigerians while NASENI a Federal Government Agency is responsible for developing and maintaining science, technology, and engineering infrastructure to drive industrialization, job creation, and national progress. And on the other hand, LEMI with a 20 years history is a company incorporated under the laws of the Federal Republic of Nigeria with its parent company in China. Renowned for its technical competence and experience in renewable energy solutions.