A project led by Vittoria Technology
Vittoria Technology is a social enterprise dedicated to advancing access to clean, affordable electricity for all. This work focuses on providing innovative commercial solutions for access to renewable energy. VT is committed to reinvesting the majority of its profits in this company, its employees and positive impact programs.
Vittoria Technology’s Battery Bank Africa, an innovative digital platform, provides a full battery leasing service to mini-grids. “Our business model includes sizing optimization of storage solutions for the mini-grid, battery sourcing from vendor partners at negotiated rates, credit risk assessment, contract finalization and battery monitoring” Liam Murphy, Co-founder of Vittoria Technology.
Context
Mini-grid companies are deploying new systems across Africa while maintaining existing sites. Yet affordable, reliable finance is often absent, so many providers continue to use older mini-grids with less storage capacity and reduced power.
“This is a significant oversight, as batteries - the most expensive mini-grid component – need regular replacement,” says Liam Murphy. Designing, financing and sourcing scalable battery solutions can be time-consuming and costly for mini-grid operators.
Objectives
• Provide an innovative digital platform, provides a full battery leasing service to mini-grids.
• After refining the algorithmic software prototype, the next step will depend on technical and financial support from the Challenge.
Activities
Vittoria Technology will engage mini-grid operators, battery manufacturers, and other local partners in South Africa to test and enhance the Battery Bank Africa prototype.
