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Riple, GIB sign MoU to establish battery assembly plant

RIPLEnergy Company Limited (RIPLE) Thursday announced the signing of a Memorandum of Understanding (MoU) with GIB EnergyX Slovakia s.r.o. (GIB) to co-develop a state-of-the-art assembly plant in Nigeria to supply Battery Energy Storage Systems (BESS).

This is in support of RIPLE’s Renewable Energy investments to supply commercial and industrial demand for 24/7 electricity. This initiative has the potential to transform Nigeria’s energy landscape and propel the nation’s journey towards economic prosperity, fuelled by responsible renewable energy practices utilising solar generation and distributed smart grid.

By leveraging GIB’s advanced technology and expertise as well as RIPLE’s local knowledge and excellent project execution capabilities, the project is expected to catalyse the development of a localised battery BESS ecosystem, facilitating the widespread deployment of renewable energy technologies and expanding access to energy. Additionally, the plant will look to export to other regional markets, positioning Nigeria as a key player in the renewable energy supply chain and providing a vital source of foreign exchange.

During the signing ceremony in Abuja, Managing Director & Chief Executive Officer of RIPLE, Yusuf Umar, said: “At RIPLE, we are excited to partner with GIB on this initiative which is a major leap forward in our commitments to sustainable energy. Our goal is to help build Nigeria’s industrial base commencing with this comprehensive battery manufacturing. We are committed to ensuring that our operations are efficient and sustainable. We believe this partnership will be pivotal in advancing Nigeria’s clean energy infrastructure and fostering long-term environmental stewardship”.

Chairman, GIB EnergyX and Director, Gotion HighTech, Steven Cai, said, “Nigeria is an exciting and fast-growing market hungry for electricity. RIPLE’s strategy is key in meeting Nigeria’s increasing energy demand and overcoming the inadequacy of the traditional energy networks and infrastructure through firm renewable energy solutions, complemented by energy storage.”

 

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