- Apollo Africa has announced a partnership with global energy technology company WePower
- Apollo Platform to deliver WePower technologies to lead the energy transition in South Africa and across the African continent through the digitisation of energy transactions using secure public blockchain.
- Apollo Platform enables Independent Power Producers (IPPs) to contract directly with customers, reducing complexity and driving faster, secure renewable energy transactions.
South African energy leader, Apollo Africa, today announces its partnership with global energy technology company WePower, as well as the development of its Apollo Platform, subject to normal regulatory approvals. The partnership aims to accelerate energy transition in the Southern African renewable energy market.
Apollo Africa is offering the Apollo Platform—powered by WePower technologies—to IPPs in South Africa and across the African continent to deliver green energy to all customers.
The platform will connect IPPs directly to consumers, large and small, through Power Purchase Agreements (PPAs) entirely executed on the user-friendly digital platform. All transactions are backed by public blockchain ledger technology, to create and store immutable records, verifiable by all parties, thus ensuring a high level of trust.
REP Developments, a South African firm specialised in development, management and ownership of small-scale wind and solar farms, will be the first mover IPP to enter into blockchain backed energy trades through the Apollo Platform. REP Developments are set to utilise the Apollo Platform to drive transformative innovation in the renewable energy sector to meet its own mission of accelerating South Africa’s transition to renewable energy.
Speaking on the opportunities created from regulatory changes in the South African energy market, Apollo Africa’s Managing Partner Jenna Harris said: “We are proud to partner with WePower to accelerate the energy transition in South Africa. With the generation licensing relaxations, the private sector can now step in and get involved in this huge growth sector. Renewable energy producers can sell directly to single or multiple customers and energy consumers now have choice about where their energy comes from – giving them options to source cleaner and more affordable energy!”
Speaking on the collaboration with Apollo Africa in the South African market, WePower CEO Nick Martyniuk said: “We are very excited to continue expanding our technology around the world through partners like Apollo Africa. We’re working to accelerate the energy transition globally and we’re thrilled to be a part of the transition in South Africa.”
As the renewable energy market grows in South Africa, the Apollo Platform will be instrumental in expanding access to renewable energy for all consumers. The Apollo Africa team has plans in place to expand its reach into Namibia, Botswana and Mozambique, thus further igniting the energy transition for the African continent.
Author: Bryan Groenendaal