Lithicon Technology

Market Overview and Opportunities

Africa's power shortages, and the case for distributed renewable energy paired with battery energy storage.

Market Pain Point

  • Increasing living standards, digitalization, and electrification are driving electricity demand, but Africa struggles with severe power shortages due to unreliable grids and inefficient power transmission and distribution. The absence of energy storage and inadequate use of localized energy management systems results in the inefficient use of power assets.
  • Commonly used diesel generators produce expensive electricity, with high carbon emissions and significant noise.
  • Most commercial, industrial and residential end-users lack the capital to invest in, and the expertise to manage, renewable and energy storage assets.

Opportunities

  • The decreasing costs of renewable energy and battery energy storage systems (BESS), along with advancements in energy storage and off-grid technology, are making distributed power a reliable and affordable solution.
  • Africa's abundant solar resources (5 - 7 hours/day), low labor costs, and high electricity prices create significant business opportunities for distributed power solutions.
  • Energy storage is essential for enhancing grid reliability and maximizing the use of renewable assets.

The Global Picture

Where access is lowest, electricity is most expensive, and the sun is strongest.

Global Electricity Accessibility

World map of electricity access by country, with sub-Saharan Africa showing the lowest access rates

Source: World Bank

Global Electricity Costs

World map of electricity cost per kilowatt-hour in March 2024

Source: World Population Review

Global Solar Irradiation Map

World map of long-term average global horizontal irradiation, with Africa among the highest

Source: World Bank Group, ESMAP, Solargis

Next

See how Lithicon's BESS technology compares to what the local market offers.

Value Proposition & Competitive Advantage