All On, an impact investment company focused on expanding energy access for underserved and off-grid communities, has announced a follow-on investment of 250,000 dollars in ICE Solar Commercial Power Limited, a fast-growing provider of Energy-as-a-Service solutions for small and medium enterprises across Nigeria. The new funding represents the second round of support for the company and reinforces All On’s confidence in ICE Solar’s expanding business model.
The capital injection will accelerate the deployment of intelligent solar and battery systems that enable thousands of small businesses to move away from costly petrol generators toward cleaner and more reliable power. This shift is expected to ease the financial burden of high energy costs on entrepreneurs while supporting Nigeria’s transition toward sustainable energy sources.
Insights from a national MSME survey show the scale of the opportunity. Small and medium enterprises make up more than ninety per cent of businesses in the country, contribute significantly to national employment, and account for nearly half of national output. Yet unreliable electricity remains one of their largest operational setbacks, reducing productivity and increasing the cost of doing business.
ICE Solar’s Energy-as-a-Service approach offers a practical alternative through affordable, pay-as-you-go clean energy solutions designed specifically for small business operations. The company relies on technology-enabled systems that support remote monitoring, efficient energy management and flexible payment structures, making renewable energy easier to access for entrepreneurs in different regions.
At the signing ceremony, All On emphasised its continued commitment to supporting indigenous companies driving locally relevant clean energy innovation. The company noted that reliable power remains essential to the strength and resilience of small businesses and highlighted the broader economic benefits that come from replacing petrol generators with clean alternatives.
ICE Solar welcomed the renewed support, noting that the additional funding will allow the company to scale its intelligent solar and battery systems to reach more than two thousand small businesses. The company added that this milestone would help displace thousands of petrol generators, reduce energy costs and support the wider clean energy ecosystem that is shaping Nigeria’s economic transformation.
The investment marks another step in expanding energy access for small businesses, many of which rely on consistent, affordable power to maintain operations, grow output and remain competitive in a challenging economic environment.
