All On, an investment company focused on expanding energy access for Nigeria’s underserved and off-grid communities, has announced an additional investment of $250,000 in ICE Solar Commercial Power Limited, a fast-growing provider of Energy-as-a-Service solutions for small and medium-sized enterprises across the country.
According to a statement on Monday, the follow-on funding builds on All On’s initial investment in 2021 and signals its continued confidence in ICE Solar’s scalable business model and impact-focused strategy. The new capital will support the company’s efforts to deploy more intelligent solar and battery systems, helping thousands of SMEs shift from costly, polluting petrol generators to clean and reliable power.
According to a 2021 SMEDAN MSME survey, Nigeria’s SME sector represents 96.9 per cent of all businesses, contributes 87.9 per cent of employment, and accounts for 46.3 per cent of GDP, yet many still face challenges with unreliable power supply, which hampers productivity and increases operational costs.
ICE Solar’s Energy-as-a-Service model offers a sustainable solution by providing affordable, pay-as-you-go solar energy tailored to the needs of small businesses.
The company’s technology-driven approach ensures efficient energy management, remote monitoring, and flexible payment options, making clean energy more accessible to entrepreneurs across the country.
Speaking at the signing ceremony, Chief Executive Officer of All On, Caroline Eboumbou, said, “This follow-on investment in ICE Solar reflects our commitment to supporting indigenous companies delivering scalable clean energy solutions to underserved markets. We believe that SMEs are the backbone of Nigeria’s economy, and access to reliable energy is critical to their growth and resilience. ICE Solar’s innovative model contributes meaningfully to job creation, economic inclusion, and the broader energy transition.”
The investment strengthens All On’s portfolio of high-impact energy ventures and underscores its long-term strategy to catalyse inclusive growth through sustainable energy. By empowering SMEs with reliable power, the partnership between All On and ICE Solar is helping unlock economic potential, create jobs, and accelerate Nigeria’s transition to a low-carbon future.
Also speaking, the founder and Chief Executive Officer of ICE Solar, Emmanuel Ekwueme, said, “We’re thrilled to welcome All On’s continued partnership and investment in ICE Solar. This support reinforces our shared vision to accelerate clean, reliable energy access across Nigeria.
“With this new capital, we’re scaling our intelligent solar and battery solutions to help over 2,000 SMEs cut energy costs, displace thousands of petrol generators, and transition towards a low-carbon future.
