Solid-State Lighting Manufacturing and Solar Energy Services

"Oretronics Technology strives to enhance the quality of life through sustainable solutions that allow all of us to leave Planet Earth better than we met it." -Engr. Joseph O Orenaike, Founder and CEO of Oretronics Technology

Oretronics Technology increases energy security by developing, deploying and distributing renewable energy and energy efficient technologies and solutions as a means of reducing carbon emissions on our planet.

Oretronics Technology solves Energy Poverty, High Electricity Costs, Electricity Access and Carbon Foot-print challenges in Nigeria.

Oretronics Technology has designed and developed Solid-State Lighting products for the Nigerian market that consume about 90% less energy than incandescent lamps boasting luminous efficacy in excess of about 125 lumens per watt.

Oretronics Technology will manufacture and distribute energy efficient Solid-State Lighting products.

Oretronics Technology will deploy decentralized Solar Energy with Energy Storage Systems by providing Solar Energy services in Nigeria.

Oretronics Technology Solid-State Lighting consume 90% less energy than incandescent lamps; highest industry luminous efficacy above 125 lumens per watt, using innovative Filament LED Technology; longest runtime hours of 15,000; no Infra-Red nor Ulta-Violet radiations; no environmentally hazardous mercury. Offers lowest electricity consumption or bill in the entire lighting industry.

The en.lighten-U4E-UNEP December 2016 Nigeria Country Assessment Report, states that 2.5 TWh of electricity, US$152.4 Million of electricity cost and 1.16 million tons of CO₂ emissions can be saved by Nigeria in lighting alone annually by year 2030 if Nigeria migrates to Best Current Global Minimum Energy Performance Standards. Please note that Oretronics Technology Filament LED technology is ahead at 6.5W for standard A60 810 lumens lighting than Current Best Available Technology at 8W for same A60 810 lumens lighting which obviously is ahead of Best Global Minimum Energy Performance Standards in lighting at 14W for same 810 lumens from Compact Fluorescent Lamp. $1.7Million cost savings to end users in Solid-State Lighting alone in the first year and $32.7Million at the end of the 5th year. Solar Energy will save $110,772 in the first year deploying 30units of 6.8KWh Energy-Storage-Systems with 10,000 cycle life from electricity tariff at the rate of 5.3US Cents per KWh, and at the end of the fifth year with 500units of same size deployed, cost savings in electricity tariff of $1.8Million would have been made.

• Market Size
  Residential lighting stocks Over 80 million units
  Commercial lighting stocks About 7 million units
  On-grid/under-served population 24 million
  Off-grid population Over 78 million
  Off-grid & under-served households Over 19.1 million

Environmental Impact -
 Reduction in Greenhouse gas (Carbon footprints) emission
 Has the potential for 6.9 million tons of carbon dioxide emissions reduction annually
 Significant reduction in noise and exhaust pollution from electric generators, etc.
 Increased energy security
 Improved air quality
 Improved energy efficiency
 Access to good quality potable water

Development & Social Impact -
 Enhanced quality of life
 Stimulation of economic activities
 Increased income levels
 Multiples of 100 new businesses will be created
 Multiples of 600 new jobs will be created

 Employment generation
 Technology and skill transfer
 Improved education
 Improved health impacts from higher quality lightings, etc.
 Improved and increased households, outdoor, street and highway lightings
 Poverty reduction
 Rural electrification
 Female empowerment
 Improved and longer after dark activities

Problem Statement

• Nigeria topped Total Population without Electricity Access with 80.5 million people and came 3rd with 216 hours of Total Hours of electricity outage per month of the top 24 African countries in the year 2009.
• The Central Bank of Nigeria in August 2010 reported that both corporate bodies and individuals spent an estimated $11 billion per annum to meet their alternative energy requirements from fossil based sources.
  Currently, Nigeria's electricity generation in this year 2018 is around 4.5 GW, while the near-term market demand is put at about 65 GW. A huge market and abundant opportunities!
• 6.4 million tons of carbon dioxide emissions are generated from 2.3 billion liters of kerosene, 1.3 billion candles and 314 million battery light sources by 102.3 million people in 19.1 million off-grid and under-served households in Nigeria annually.

The 1st and Oldest Lighting Technology since the Invention of Electricity (Incandescent Lighting)

1. Incandescent lighting wastes about 90% of the energy it consumes as undesired heat
2. Cost of powering incandescent lighting is extremely high;
   About 10x Solid-State lighting
3. Large amounts of CO₂ emission is generated by the energy wasted in incandescent lighting
4. Incandescent lighting has very short runtime of 1,000hours

Improvement on Incandescent Lighting (Halogens)

• Halogen lighting has runtime lower than 2,000hours

Evolution from Incandescent Lighting (Compact Fluorescent Lighting)

1. Compact Fluorescent lighting generates ultra-violet radiation which has been linked to diseases such as cancer.
2. It contains hazardous mercury
3. CFL has runtime of not more than 10,000hours

Engr. Joseph Olabode Orenaike has extensive experience in the energy sector. He worked for Mobil Producing Nigeria for ten years. He had also worked for Communications Associates of Nigeria (COMSAC), Shell Project Division, Port Harcourt for three years and Nigerian Television Authority, Abeokuta, for four years. He is a registered engineer with the Council for the Regulation of Engineering in Nigeria (COREN); member of The Nigerian Society of Engineers. Orenaike holds a Master of Science in Electrical Engineering degree from Fairleigh Dickinson University, Teaneck, NJ, USA.

107518 Euro will increase our A60 810 lumens Solid-State Lighting from 2,000 units at a time to over 31,000 units; significantly increase our profit margin; lowers our landing cost and by extension our wholesale and retail price thus further increasing sales.

152984 Euro will be used for the commencement of the roll-out of Decentralized Solar Energy with Energy Storage Systems