Photovoltaic technology is becoming more affordable, which enabled the Nigerian ColdHubs company to offer low prices for the use of its off-grid cold rooms. ColdHubs’ invention is helping growers and traders preserve fruit and vegetables.
The Nigerian start-up builds cold rooms and offers farmers and food traders to use them at a subscription. Prolonging the shelf life by as much as three weeks means the world to the clients, as heat alone or bacteria could swiftly wipe out all their income.
ColdHubs founded its business model on the use of solar power, which is getting cheaper by the day, to power its large refrigerators. It enables affordable tariffs for the users. The system is completely independent and it can be set up anywhere as access to the electricity grid is not an issue.
Chief Executive Officer Nnaemeka Ikegwuonu said the company saved more than 20,000 tons of food in 2019 alone and that the parties it cooperates with have increased their profits by a quarter on average.