Integrating renewable energy to S.African businesses
CNBC Africa’s Godfrey Mutizwa is joined by Andre Nepgen, Head of Discovery Green for this discussion.
Thu, 15 May 2025 11:32:26 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Ampli Energy offers businesses a no-fee, no-risk, month-to-month membership to access renewable energy at a 5% cost saving
- The program targets SMEs and low energy users, aggregating demand to mimic the purchasing power of larger corporations
- Discovery's collaboration with Cecil and market interest from companies like Nando's demonstrate the appeal and scalability of Ampli Energy
Discovery, in partnership with Sarsil, has launched a revolutionary renewable energy product called Ampli Energy, aimed at providing South African businesses with affordable and sustainable energy solutions. The product, described as a market-first, offers businesses a no fee, no risk, no hassle, month-to-month membership to access renewable energy through the grid. This innovative approach seeks to democratize access to renewable energy, particularly for small and medium-sized enterprises (SMEs) that have historically been unable to afford traditional large-scale renewable energy solutions.
The cost savings associated with Ampli Energy are substantial, with businesses potentially saving up to 5% on their generation costs. For example, a small manufacturing business in South Africa could save hundreds of thousands of Rand each year by participating in the program. The savings generated are directly deposited into the customer's account, providing a convenient and hassle-free experience.
To enroll in Ampli Energy, businesses can simply go online, complete their details, and sign up for a membership. By reserving a spot in the program, participants contribute to the development of new renewable energy projects while enjoying the financial benefits of reduced energy costs. The first energy projects under Ampli Energy are already operational, with more initiatives in the pipeline to further expand renewable energy access in South Africa.
One of the key advantages of Ampli Energy is its focus on serving SMEs and low energy users, who account for 20% of electricity consumption in the country. By aggregating the energy demand from these smaller businesses, Ampli Energy can replicate the purchasing power of larger corporations and deliver cost-effective energy solutions at scale. Additionally, by partnering with experienced renewable energy providers like Cecil, Discovery Green can leverage existing infrastructure to accelerate the deployment of renewable energy projects.
The response from the market has been overwhelmingly positive, with notable companies such as Nando's, NetFlorist, and Vita E expressing interest in joining the program. The appeal lies in the low risk, commitment-free nature of Ampli Energy, which offers businesses a flexible and lucrative opportunity to access sustainable energy sources.
Discovery's foray into renewable energy aligns with its long-term commitment to supporting the South African economy and promoting environmentally sustainable practices. By leveraging its expertise in risk management and mathematics, Discovery Green aims to drive the growth and scalability of renewable energy solutions in the region.
As Ampli Energy gains momentum in the market, the potential for widespread adoption and expansion remains high. With a focus on empowering businesses of all sizes to embrace renewable energy, Discovery is poised to catalyze a significant shift towards a greener and more sustainable energy landscape in South Africa.