Firm to reduce Nigerians’ energy consumption by 50%

Taranis Novus Limited, an investment holding firm yesterday unveiled its Lithtech, a solar package solution, to drive renewable energy penetration in Nigeria.

The package unveiled at the Tafawa Balewa Square (TBS), the venue of the ongoing Trade Fair in Lagos, was aimed at addressing the electricity challenges confronting Nigerians.

Co-founder of the firm, Kenny Olaleye, stated that LithTech has the capacity to reduce Nigerian’s electricity rate by 50% when it begins operations by the first quarter of next year.

This, he added, will further ensure a more sustainable and safer environment.

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According to him, it is high that the federal government took the bull by the horns by adopting renewable energy solutions to meet the electricity needs of the populace.

He disclosed that LithTech Energy was established in 2018 as a global energy application system integration solution provider, with strongholds in North America, Europe, Australia, South Africa, Middle East and Southeast Asia

“The procedure we adopt for the commercial and industrial sector is simple: Our seasoned engineers visit your establishment to conduct a comprehensive energy audit. This will give us a clear idea of your energy consumption and spend and allows us to tailor-make a solution that will effectively reduce your cost,” he explained.

He stated that Nigerians stand to benefit greatly from LithTech which he described as a game changer in renewable energy.

Co-Founder/MD, Femi Numa said the priority of the company is to extend the solutions to as many organisations and establishments as possible to enjoy the benefits of renewable energy.