Press release
E-Sam Energy and FasterCapital Collaborate to Power 15,000 Nigerians with Innovative Solar Solutions
Market Opportunity & Problem Statement
Nigeria's energy sector faces persistent challenges, with over 85 million people unserved or underserved by the national grid, particularly in Kaduna State where grid access averages only 2-3 hours daily. The market for off-grid solar solutions is estimated at $14 billion, driven by rising electricity tariffs and fuel costs. Despite growing demand, many rural and peri-urban households lack reliable, affordable energy alternatives. E-Sam Energy addresses this significant market gap by offering integrated solar home systems that combine inverters, charge controllers, and lithium batteries, enabling clean, uninterrupted power access and substantial cost savings.
Image: https://www.abnewswire.com/upload/2025/09/6c6572a1a44eede8c2a2646a0a5c7e11.jpg
Startup Solution & Differentiation
E-Sam Energy's all-in-one solar home systems convert sunlight into electricity with built-in remote monitoring and troubleshooting capabilities, ensuring optimal performance and user convenience. By Year 3, the startup targets deployment of up to 3,000 SHS units, serving approximately 15,000 people and generating 10 MW of solar capacity, while saving an estimated $2 million in energy costs and reducing 4,000 tons of CO2 emissions annually. The company's focus on after-sales service, including bi-annual panel cleaning and inverter support, strengthens customer retention and operational sustainability. This unique combination of technology, service, and social impact positions E-Sam Energy as a leader in Nigeria's burgeoning off-grid solar market.
FasterCapital Partnership Value
Through the LaunchUp program, FasterCapital provides E-Sam Energy with tailored mentorship, strategic guidance, and access to a global investor network, accelerating the startup's fundraising and market entry efforts. FasterCapital's rigorous selection process, led by Hesham Zreik, ensures that only high-potential startups with scalable solutions join the program. This partnership enhances E-Sam Energy's credibility and operational capacity, supporting its goal to raise $4 million in capital to expand deployment across Kaduna and other Nigerian states within the next 18 months.
Executive Quotes
"Hesham Zreik, Founder and CEO of FasterCapital, said, "E-Sam Energy exemplifies the kind of innovative, impact-driven startup that fits perfectly within our LaunchUp portfolio. Their integrated solar solutions address a critical gap in Nigeria's energy landscape, and we are excited to support their journey toward market leadership and sustainable growth."
Enohi Ukpebor, CEO & Founder of E-Sam Energy, added, "Partnering with FasterCapital is a pivotal milestone for us. Their global reach and strategic expertise will accelerate our mission to bring reliable, affordable solar power to thousands of Nigerian homes, improving lives and combating climate change. Together, we are powering a brighter, cleaner future."
Growth Trajectory & Future Plans
E-Sam Energy plans to deploy 3,000 SHS units by Year 3 and expand to 5,000 units by Year 4, scaling operations beyond Kaduna to states including Delta, Kano, and the Federal Capital Territory. The company aims to create 150 jobs for women and youth by Year 3, reinforcing its social impact commitment. With a $4 million capital raise underway, E-Sam Energy will enhance product development, expand marketing efforts, and strengthen after-sales services to sustain growth and maximize market penetration.
About E-Sam Energy
Founded by Enohi Ukpebor, E-Sam Energy is a Nigerian clean-tech startup committed to delivering innovative solar home systems that provide affordable, reliable electricity to underserved communities. With a focus on sustainability and social impact, E-Sam Energy aims to transform energy access across Nigeria through cutting-edge technology and customer-centric service.
About FasterCapital
FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The LaunchUp program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.
Media Contact (FasterCapital):
Rasha Almasri
rasha.almasri@fastercapital.com
+1 (512) 400-0256
www.fastercapital.com [https://www.fastercapital.com/]
Contact Person (E-Sam Energy):
Enohi Ukpebor
enohi@esamenergy.com
+2348054029979 (Whatsapp)
www.esamenergy.com [https://esamenergy.com/]
Media Contact
Company Name: E-Sam Energy
Contact Person: Enohi Ukpebor
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=esam-energy-and-fastercapital-collaborate-to-power-15000-nigerians-with-innovative-solar-solutions]
Phone: +2348054029979
Country: Nigeria
Website: http://www.esamenergy.com
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release E-Sam Energy and FasterCapital Collaborate to Power 15,000 Nigerians with Innovative Solar Solutions here
News-ID: 4172343 • Views: …
More Releases from ABNewswire
Village at Lakefront Ranked #1 in 2025 List of Top Apartments Near Frisco, Texas
Village at Lakefront ranked best apartments near Frisco, TX for 2025 with five-star reviews, offering lake life, trails, and resort amenities.
Little Elm, TX - Sep 5, 2025 - A new ranking of apartment communities in and around Frisco has placed Village at Lakefront Apartments in Little Elm at the top of the list for 2025. Evaluating lifestyle, location, amenities [https://www.villageatlakefront.com/amenities], and resident satisfaction, the comparison highlights Village at Lakefront as…
The Unraveling of America's Republic: Navy Veteran Issues 95 Theses to Confront …
Image: https://www.abnewswire.com/upload/2025/09/5b0c28813f7fdab38bb31e5a755d4627.jpg
PROSPERITY, S.C. - September 5, 2025 - America's democracy is fraying under the weight of political division, corporate influence and public distrust. With the nation's founding ideals at risk of collapse, Navy veteran and historic preservation leader Michael Bedenbaugh is sounding the alarm in his urgent book, Reviving Our Republic: 95 Theses for the Future of America . Drawing on history and offering novel, actionable reforms, Bedenbaugh presents a…
IBN Technologies' Invoice Processing Automation Tackles Delays and Errors in U.S …
Invoice processing automation is helping U.S. companies streamline workflows, cut handling costs by up to 50%, and achieve accuracy above 99%. From retail to healthcare and manufacturing, automation improves vendor relationships and cash flow management. With dashboards, duplicate detection, and audit trails, businesses gain visibility and compliance while reducing manual workload.
Miami, Florida - 05 Sep, 2025 - Managing high volumes of supplier invoices remains a significant challenge for manufacturers in…
IBN Technologies: Streamlined Invoice Processing Emerging as Key Factor in Corpo …
Manual invoice challenges such as duplicate payments, approval delays, and compliance risks are driving U.S. businesses toward invoice processing automation. By integrating with ERP systems and enabling real-time tracking, automation ensures faster approvals and improved accuracy. Manufacturers and other industries are seeing efficient gains, reduced costs, and long-term financial control.
Miami, Florida - 05 Sep, 2025 - U.S. manufacturers often struggle with processing large numbers of invoices from multiple suppliers, a…
More Releases for Energy
Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Green Renewable Energy market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches…
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics…
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over…
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on…
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting…
