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NuRAN Wireless Announces Creation of NuEnergy, a Solar, Storage and Hybrid Power Subsidiary

  • NuRAN Wireless Inc. announced the creation of NuEnergy Ltd, a wholly owned subsidiary dedicated to owning & operating solar, storage, & hybrid power systems across its African footprint.
  • NuEnergy aims to address the lack of reliable electricity in rural & underserved African communities by providing low-cost power to NuRAN connectivity sites & future edge compute nodes.
  • The subsidiary will combine mobile connectivity & electricity services to create a reinforcing model where telecom demand provides a stable base load for energy assets while power access supports local income growth & mobile usage.
  • Productive-use customers such as small businesses, agricultural users, & local institutions may supply daytime electricity demand to align with solar production profiles & improve asset utilization.
  • Where practical & permitted, NuEnergy will assess opportunities to supply power to third parties to create synergies between connectivity & energy services.
  • The corporate structure is designed to support infrastructure-focused financing, improve capital efficiency, & maintain an integrated platform where site ownership, power, & connectivity remain aligned.
  • CEO Francis Létourneau stated that reliable power is central to rural connectivity & that combining power with connectivity creates a stronger, more investable infrastructure model for underserved communities.
  • NuRAN currently has over 5,000 sites under contract & utilizes a Network-as-a-Service model to build & maintain 2G, 3G, & 4G infrastructure in remote areas.
  • The press release includes standard forward-looking statement disclaimers regarding risks such as financing availability, regulatory changes, execution challenges, & market conditions.