“Nigeria is our home. Unlike global brands that are leaving due to our economic disposition, we have nowhere else to go. That’s why Nigerians must build contextualised solutions to unlock our nation’s true potential. We built Wyre’s technology not just as an energy management tool, but as a comprehensive system responding to the energy cost crisis companies and industries face, which in turn affects our macroeconomics.
Wyre has consistently prioritised this mission over short-term personal gains, delaying several offers to sell our technology or raise millions of dollars through venture capital. We are the premier company that provides a simple, intuitive dashboard to consolidate multiple site operations on all generators, utility power consumption, diesel tanks, and solar systems, alongside identifying operational anomalies and instantly notifying the user for proactive mitigation”.
The problem we are solving
Multi-site and large-scale organisations are losing billions annually in Nigeria’s complex energy environment. Energy, a staggering 40-60% of operating expenses, has surged over 300% in the past five years, severely threatening profit margins and cost-to-income performance metrics. This crisis is exacerbated by a confluence of factors such as heavy reliance on generators, rampant diesel mismanagement, utility overcharges, and other avoidable inefficiencies.
Consider banks that cut operational hours to reduce diesel use. How do they track compliance across a dispersed, nationwide network? With the Wyre system, you have total oversight and are able to get customised reports on all parameters imaginable. Also, consider organisations that have invested heavily in solar systems but still depend on generators to mitigate downtime. If diesel mismanagement continues or unauthorised operations persist, then it erodes the benefits and stretches the ROI period of the solar investment. With Wyre, management teams have the ability to set annual targets on key energy cost drivers, budgets and carbon footprint with real-time visibility on performance.
Management faces deep-rooted issues that aren’t purely technical but also cultural. Insights from our multi-site clients reveal that most organisations can save over 50% on their current energy spend.
To solve this, we need surgical precision in data for decision-making. We must enforce energy operational efficiency with transparency and a concerted effort towards optimal cost reduction. Top management’s active participation is paramount to tackling this energy cost crisis definitively.
The challenges we solve
● Pervasive Diesel Theft
● Operational Inefficiencies
● Oversized Alternative Power Sources
● Lack of Centralised Wholistic Visibility
● Untrackable Energy Policies and Performance Reviews
● Administrative Burden and Inaccurate Reporting
Wyre’s Solution: Smart energy management
Wyre offers a cutting-edge energy management system that optimises operations for enhanced efficiency and sustainability. Our robust hardware and software solution provides:
● Intuitive Design & Ease of Use: Sophisticated energy management dashboards accessible to all, with automated trend analysis and reports.
● Multi-Level Access: Caters to diverse organisational structures.
● AI-Embedded Insights: Transforms complex data into easily understandable intelligence.
A true “game-changer” within the Wyre ecosystem is its robust admin portal. This central hub empowers administrators to effortlessly set energy consumption targets and precisely measure performance. With live dashboards, customizable reports, budget trackers, and performance ranking, the admin portal provides unparalleled visibility and control. This enables proactive decision-making, allowing organisations to identify anomalies, pinpoint inefficiencies, and implement targeted improvements. The result? Significant cost savings, a reduced carbon footprint, and improved operational performance.
How Wyre delivers impact
● Real-time, Centralised Visibility: Wyre’s system aggregates data from all sites onto a single, intuitive dashboard. Top management gains real-time insight into energy consumption – where, when, and by what – eliminating guesswork and providing concrete data for informed decision-making.
● Combating Diesel Theft and Mismanagement Head-On: Through precise monitoring of fuel levels, consumption patterns, and generator run-times, the system alerts management to suspicious activity. This proactive monitoring effectively shuts down avenues for theft, ensuring every litre of fuel is accounted for and utilised efficiently.
● Optimising Energy Consumption: Beyond theft, the system identifies inefficiencies in energy operations. By analysing usage data, Wyre pinpoints opportunities for optimising generator operation, load management, and overall energy use, leading to substantial reductions in diesel consumption and electricity bills.
● Enabling Data-Driven Decisions: Our multi-level reporting provides actionable insights for various stakeholders, from daily operational reports for branch managers to high-level strategic overviews for the C-suite. This data empowers informed decision-making to drive down costs, improve efficiency, and enhance accountability.
● Facilitating Strategic Solar Integration: The comprehensive historical data collected by Wyre’s system is the bedrock for designing highly efficient and cost-effective solar solutions. Instead of generic installations, the data allows for “fit-for-purpose” solar systems precisely tailored to each site’s actual energy demand, maximising ROI for renewable energy initiatives.
● Driving Carbon Tracking and Reduction: In addition to financial savings, Wyre provides the crucial data for accurate carbon footprint tracking. By precisely measuring energy consumption and diesel usage, the system quantifies associated carbon emissions.
In the Nigerian landscape, where diesel mismanagement and inefficient energy use severely erode profitability and operational stability, Wyre Energy’s system offers a strategic imperative. We shift organisations from a reactive stance on energy costs to a proactive, data-driven approach, transforming invisible profit drains into visible opportunities for substantial savings, enhanced operational efficiency, and a more resilient, sustainable future for multi-site and large-scale businesses in which Wyre is the solution. Contact us at info@wyreng.com to embark on your journey to optimal energy cost savings.
Favour is a manager at Wyre Energy
