The African Development Bank (AfDB) has committed $1. 2 million to fund a feasibility study on Nigeria's Battery Energy Storage System (BESS), a project aimed at strengthening the national grid and accelerating the country's transition to cleaner energy. They are building parallel energy systems—often designed to operate independently of public supply, yet intelligently integrated where needed. The result is a gradual re-architecture of how power is generated, managed and consumed. It said the project will assess grid integration, identify viable business and regulatory models to attract investment, and build the capacity. Earlier this week, EM-ONE's CEO, Mir Islam had the honour to participate in a panel on “Battery Storage and Nigeria's Role in the Global Value Chain” at the Nigeria Renewable Energy Innovation Forum (NREIF) in Abuja hosted by The Rural Electrification Agency (REA) in partnership with GET. invest and. The Egina field is located in the PML 2/3/4 Block (formerly OML 130), some 150 kilometers off the coast of Nigeria. Commissioned in 2018 after five years' development, Egina is one of our most ambitious ultra-deep offshore projects. Egina consists of the largest Floating Production Storage and Offloading (FPSO) ever installed in Nigeria by TotalEnergies. Production began in 2018. Transforming Communities with Reliable, Affordable Clean Energy AceOn is a UK-based energy storage innovator with over 30 years of expertise in battery technology and renewable energy.