Best Energy Companies in Lagos, Nigeria
The 108 best Energy companies in Lagos, Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Heirs Energies.
Our analysis of 441 Energy companies
$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in Lagos
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | 11PLC Distributor of Mobil-branded fuels and lubricants | — | — | 70 | Adetunji Oyebanji CEO & MD | WordPressMySQLPHP+22 | Top 5M | — |
| 2 | A4&T Provider of renewable energy solutions and backup power systems | — | — | — | — | WordPressMySQLPHP+27 | Top 50M | — |
| 3 | AED Technologies Solar installer and service provider | — | — | — | Okey Obiagwu CEO & MD | — | — | — |
| 4 | Aradel Integrated indigenous energy company, formerly known as Exploration & Production offering career opportunities | — | — | — | Adegbite Falade CEO & MD | WordPressMySQLPHP+22 | Top 5M | 1 job opening · 1 partnership |
| 5 | ARCO Facilitator of energy sector innovation projects | — | — | — | Alfred I. Okoigun Founder & CEO | Cart FunctionalitySquarespace CommerceSquarespace+13 | Top 10M | — |
| 6 | Ardova Distributor of petrol, diesel, kerosene, and liquefied petroleum gas | — | — | 169 | Olumide Adeosun CEO | Node.jsElement UIVue.js+9 | Top 5M | — |
| 7 | Aspire Power Solutions Provider of solar energy solutions and roofing services | — | — | 17 | — | — | — | — |
| 8 | Atlas Petroleum Exploration Worldwide Company offers oil and gas resource development and production | — | — | — | James Parsons CEO | — | — | — |
Top 12 Energy companies in Lagos
#1
Funding Raised · Lagos, Lagos · founded 2021$750Mraised▾
Operator of upstream assets and exploration opportunities across the energy value chain. The company focuses on maintaining standards in safety, health, and community relations. It manages operations and projects sustainably, aiming to impact stakeholders positively. The company is committed to community empowerment programmes.
- Dec 2025Conventional Debt$750M
#2
Funding Raised · Lagos, Lagos · founded 2008 · 275 employees$35Mraised▾
Developer of solar energy projects
- Mar 2026Conventional Debt$15M
- Jan 2021Conventional Debt$10M
- Jun 2019Conventional Debt$10M
#3
Series B · Lagos, Lagos · founded 2013 · 101 employees$12Mraised▾
ARNERGY is a provider of pay-as-you-go solar power solutions to commercial and residential clients. Offers three solar home systems packages and mini-grid solar solutions to provide electricity to rural Nigeria and South Africa.
- Apr 2025Series B$18M
- Feb 2024Series A$3M
- Jun 2019Series A$9M
#4
Seed · Lagos, Lagos · founded 2017 · 21 employees$1Mraised▾
Manufacturer of LED lighting system
- May 2025Seed$1.3M
- Jul 2024Grant (prize money)$31.6K
- Nov 2021Seed$1M
#5
Series B · Lagos, Lagos · founded 2011$18.8Mraised▾
Elektron Energy is an energy infrastructure platform company that develops, acquires, and operates energy infrastructure projects in West Africa. They specialize in supplying rare earth magnets, such as samarium cobalt and neodymium-iron, through their subsidiary Electron Energy Corporation. Founded in 2011, Elektron started as an energy trading outfit and has since evolved into an energy infrastructure platform company.
#6
Public · Lagos, Lagos · founded 2010$198.4Mraised▾
LEKOIL is an oil and gas exploration and production company with operating interests in Nigeria and Namibia. Claims to hold 40-62% interest over 4-oilfields which has an annual production rate of 10k BOE of crude oil. Also, has 77.5% gross interest in an oil block of Namibia.
- Oct 2016Post IPO$12.4M
- Jun 2016Conventional Debt$20M
- Oct 2015Post IPO$46M
- Nov 2013Post IPO$100M
#7
Acquired · Lagos, Lagos · founded 2014 · 312 employees$210Mraised▾
OVH Energy is a downstream company which markets and distributes refined petroleum products under Oando retail brand name in West Africa. Also, operates petroleum terminals in Nigeria, Ghana, and Togo.
#8
Seed · Lagos, Lagos · founded 2022 · 2 employees$400Kraised▾
Provider of financial services for solar energy to commercial and residential customers
- Oct 2024Seed$200K
- Feb 2024Seed$200K
#9
Funding Raised · Lagos, Lagos · founded 2004 · 71 employees$19.9Mraised▾
MBH Power Limited is an energy solutions company providing world-class services to meet the growing demand of the power sector. They focus on meter manufacturing, power generation, and transmission and distribution services.
- Sep 2021Grant (prize money)$19.9M
#10
Late Stage · Lagos, Lagos · founded 2009 · 250 employees$50Mraised▾
Oil & gas production & exploration company
- Jan 2012PE$50M
#11
Series B · Lagos, Lagos · founded 2016 · 12 employees$17Mraised▾
Provider of midstream infrastructure and crude transportation services
#12
Series A · Lagos, Lagos · founded 2015 · 95 employees$23.5Mraised▾
Rensource has developed a membership and subscription-based solar power system. Once the user has shared their contact details, an engineer conducts a site study to determine the installation capacity and share the subscription details. Once the distributed power supply is installed, the user pays regular monthly membership charges, based on which a membership score is built that entitles the user to receive complimentary financial products and discounts. Additionally, since the system also houses a battery unit, the user can have access to unrestricted power even during blackouts or brownouts from the Utility service provider.
- Dec 2019Series A$20M
- Jan 2018Seed$3.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.