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Founded in 2011 with a singular conviction: Nigeria deserves energy solutions that work.
Elektron Energy has evolved from an energy trader into a premier, institutional-grade infrastructure energy developer. Elektron has built an integrated platform designed to develop, own, and operate power generation, distribution and gas infrastructure to deal with the reality that Nigeria requires energy solutions capable of sustaining robust industrial growth.
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Elektron's Vision
The executive leadership, spearheaded by Co-CEOs Tola Talabi and Deen Solebo, brings deep institutional pedigree from energy, project development and tier-one financing.
By developing gas-fired IPPs, thermal-solar hybrids, and gas infrastructure, the company delivers commercially viable, market-driven climate and energy solutions. Backed by private equity and institutional debit capital, Elektron’s project execution reflects an unrelenting commitment to engineering excellence, rigorous legal compliance, and long-term asset management.
Elektron’s people, processes, and partnerships reflect an unrelenting commitment to excellence, a steadfast resolve in its mission, and strict discipline in its execution.
The executive leadership, spearheaded by Co-CEOs Tola Talabi and Deen Solebo, brings deep institutional pedigree from energy, project development and tier-one financing.
By developing gas-fired IPPs, thermal-solar hybrids, and gas infrastructure, the company delivers commercially viable, market-driven climate and energy solutions. Backed by private equity and institutional debit capital, Elektron’s project execution reflects an unrelenting commitment to engineering excellence, rigorous legal compliance, and long-term asset management.
Elektron’s people, processes, and partnerships reflect an unrelenting commitment to excellence, a steadfast resolve in its mission, and strict discipline in its execution.
Elektron Energy is actively expanding its portfolio of embedded and distributed generation, proving its capacity to structure innovative energy infrastructure projects in emerging markets. Its current pipeline emphasizes bankability through strategic off-taker partnerships:
● Victoria Island Power Limited (30MW): Victoria Island Embedded Power Generation plant is a 30MW embedded power generation project under construction in the heart of Victoria Island. Scheduled for completion in Q4 2026, it will provide consistent, affordable energy within Nigeria's foremost commercial district, replacing over 3,000 diesel generators and significantly reducing carbon emissions
● Task Force Road IPP (10.6MW): This is Elektron's pioneering 10.6MW gas-fired power plant, paired with a 15km distribution network. Commissioned in 2013, it provides reliable energy to the Lagos State Government Secretariat, effectively powering the administration of the 6th largest economy in Africa. Plans are underway to expand the plant's capacity to 30MW incorporating solar energy for enhanced sustainability.
● Ibadan Hybrid Power Limited (11MW): Ibadan Hybrid power plants is an 11MW hybrid plant integrating gas, solar, and battery storage to provide uninterrupted power to Oyo State’s critical infrastructure. With 113,341 tons of CO2 savings annually, the project replaces over 100 diesel generators and powers 80 kilometers of streetlights fostering economic growth.
● The Rack Centre IPP (9MW): is a 9MW gas-fired IPP providing energy to Africa's first Tier III Constructed Facility Certified data center. Located in Oregun, Lagos, it replaced several diesel generators, reducing CO2 emissions by 83.9 million metric tons annually. Phase 2 will expand the capacity by 20MW incorporating renewable sources like solar and waste-to-energy to further reduce emissions and enhance sustainability.
Strategic Expansion and Greenfield Pipeline
Elektron is advancing a multi-pronged development pipeline alongside distribution monopolies and global energy majors to ensure long-term revenue security and grid stability. Some of these include:
● 50MW Sandgrouse IPP (Ikoyi): A power development executed in partnership with Axxela and Eko Distribution Company (EKEDC).
● 50MW Lekki IPP: A power collaboration with Shell Nigeria and EKEDC, directly targeting a chronic demand shortfall in Nigeria's foremost commercial hub.
● 20MW Tokarawa Hybrid Plant (Kano): A thermal-solar hybrid dedicated to improving network reliability for industrial and commercial users in Northern Nigeria.
Elektron Energy is actively expanding its portfolio of embedded and distributed generation, proving its capacity to structure innovative energy infrastructure projects in emerging markets. Its current pipeline emphasizes bankability through strategic off-taker partnerships:
● Victoria Island Power Limited (30MW): Victoria Island Embedded Power Generation plant is a 30MW embedded power generation project under construction in the heart of Victoria Island. Scheduled for completion in Q4 2026, it will provide consistent, affordable energy within Nigeria's foremost commercial district, replacing over 3,000 diesel generators and significantly reducing carbon emissions
● Task Force Road IPP (10.6MW): This is Elektron's pioneering 10.6MW gas-fired power plant, paired with a 15km distribution network. Commissioned in 2013, it provides reliable energy to the Lagos State Government Secretariat, effectively powering the administration of the 6th largest economy in Africa. Plans are underway to expand the plant's capacity to 30MW incorporating solar energy for enhanced sustainability.
● Ibadan Hybrid Power Limited (11MW): Ibadan Hybrid power plants is an 11MW hybrid plant integrating gas, solar, and battery storage to provide uninterrupted power to Oyo State’s critical infrastructure. With 113,341 tons of CO2 savings annually, the project replaces over 100 diesel generators and powers 80 kilometers of streetlights fostering economic growth.
● The Rack Centre IPP (9MW): is a 9MW gas-fired IPP providing energy to Africa's first Tier III Constructed Facility Certified data center. Located in Oregun, Lagos, it replaced several diesel generators, reducing CO2 emissions by 83.9 million metric tons annually. Phase 2 will expand the capacity by 20MW incorporating renewable sources like solar and waste-to-energy to further reduce emissions and enhance sustainability.
Strategic Expansion and Greenfield Pipeline
Elektron is advancing a multi-pronged development pipeline alongside distribution monopolies and global energy majors to ensure long-term revenue security and grid stability. Some of these include:
● 50MW Sandgrouse IPP (Ikoyi): A power development executed in partnership with Axxela and Eko Distribution Company (EKEDC).
● 50MW Lekki IPP: A power collaboration with Shell Nigeria and EKEDC, directly targeting a chronic demand shortfall in Nigeria's foremost commercial hub.
● 20MW Tokarawa Hybrid Plant (Kano): A thermal-solar hybrid dedicated to improving network reliability for industrial and commercial users in Northern Nigeria.
Elektron champions a pragmatic, market-driven approach to environmentalism, proving that decarbonisation in Sub-Saharan Africa can be highly commercially viable. By replacing inefficient diesel-based generation with transitional gas and hybrid solar-storage solutions, Elektron’s operating portfolio currently averts an average of 6,000 tons of CO₂ emissions per month.
Elektron uses private capital to build a resilient domestic energy grid. Its embedded generation assets provide industrial and commercial users with continuous gas to power infrastructure. As Nigeria accelerates its energy transition, Elektron offers a scalable, blueprint for decarbonisation – blending immediate, localised emissions reductions through gas infrastructure with commercially viable renewable technologies.
Elektron champions a pragmatic, market-driven approach to environmentalism, proving that decarbonisation in Sub-Saharan Africa can be highly commercially viable. By replacing inefficient diesel-based generation with transitional gas and hybrid solar-storage solutions, Elektron’s operating portfolio currently averts an average of 6,000 tons of CO₂ emissions per month.
Elektron uses private capital to build a resilient domestic energy grid. Its embedded generation assets provide industrial and commercial users with continuous gas to power infrastructure. As Nigeria accelerates its energy transition, Elektron offers a scalable, blueprint for decarbonisation – blending immediate, localised emissions reductions through gas infrastructure with commercially viable renewable technologies.
Foundation & Entry into Oil Trading
Elektron was founded and entered the oil trading sector through a contract with the Nigerian National Petroleum Corporation (NNPC) to trade 30,000 barrels of crude oil under a term agreement.
Expansion of Commercial Activities
Elektron strengthened its commercial footprint by signing an additional oil marketing contract with NNPC under a term agreement.
Strategic Pivot Towards Energy Infrastructure
The company began transitioning towards the development of energy infrastructure projects in Nigeria, marking a strategic diversification beyond crude oil trading.
Acquisition of Alausa Power Limited (APL)
Elektron acquired Alausa Power Limited (APL), a 10.6 MW Independent Power Plant supplying electricity to the Lagos State Government.
Development of Integrated Energy Projects
Elektron expanded its integrated energy strategy with plans focused on onboard and off-grid power projects, alongside the development of a modular refinery in the Niger Delta region.
Commissioning of Rack Centre Infrastructure
The company commissioned a rack centre, reinforcing its growing position within Nigeria’s digital and power infrastructure ecosystem.
Launch of the Ibadan Hybrid Power Project
Elektron launched the IHL (Ibadan Hybrid Power) project, delivering reliable hybrid energy solutions to support critical infrastructure in Oyo State.
Expansion into Renewable Energy Investments
Elektron further diversified its portfolio through renewable energy investments, reinforcing its commitment to clean and sustainable energy development.
