Lagos, Nigeria – August 19, 2024 – The United States African Development Foundation (USADF) has awarded a $250,000 grant to Reeddi Technologies, a Nigerian clean energy company, to expand access to affordable and reliable energy solutions across the country. The partnership aims to address energy poverty in underserved communities by providing thousands of households and businesses with clean, renewable electricity.
The grant will enable Reeddi Technologies to scale its innovative EnergyBox systems, which offer a sustainable and efficient alternative to traditional energy sources. By leveraging this technology, Reeddi aims to improve the quality of life for Nigerians living in off-grid areas and create new economic opportunities.
This collaboration builds upon a successful partnership established in 2020, where USADF awarded Reeddi a $25,000 grant to distribute over 500 power systems. The initiative demonstrated the positive impact of clean energy solutions on communities, reducing energy expenses, creating jobs for young people, and improving livelihoods.
Speaking at the grant signing ceremony, Travis Adkins, President and CEO of USADF, praised Reeddi Technologies for its innovative approach to addressing energy poverty. “Your brilliant idea has the potential to transform lives in Nigeria,” he said. “We are proud to support your mission and help bring your vision to reality.”
Olugbenga Olubanjo, CEO of Reeddi Technologies, expressed gratitude for USADF’s continued support. “With this grant, we can expand our reach and impact even further,” he said. “We are committed to providing clean, affordable energy to underserved communities and empowering them to achieve their full potential.”
Adamu Garba, Executive Director of Diamond Development Initiatives (DDI), USADF’s implementing partner in Nigeria, emphasized the importance of this collaboration in promoting sustainable development. “This initiative aligns perfectly with our mission to foster economic empowerment and improve the lives of Nigerians,” he said.
Reeddi Technologies has been recognized globally for its innovative energy solutions. The company has won several prestigious awards, including the 2023 Keeling Curve Clean Energy Prize and has been featured in major publications such as Bloomberg, CNN, and The Washington Post.
