Beacon Power Services Limited

Founded in 2010 by its CEO Abimbola Adisa and based in Ikeja, Nigeria, Beacon Power Services Limited, operates as a software company that focuses on providing energy management software and analytics solutions for utilities, enabling energy providers to prevent outages and identify network losses. In July 2026, Beacon Power Services Limited raised USD 10 million in venture debt funding from European Bank for Reconstruction and Development. The company provides Adora, a proprietary platform leveraging machine learning and data analytics to enhance electric distribution grid efficiency. Adora provides real-time visibility into technical and non-technical losses, empowering utilities with data-driven optimization strategies.

The firm’s solutions include energy accounting for tracking real-time losses and outages, revenue optimization to minimize billing and collection losses, and AI-driven asset management to predict and prevent outages. The company also offers customized facilities management solutions to monitor electricity supply, optimize energy consumption, and manage costs. The platform enhances energy efficiency, automates vendor payments, and streamlines billing cycles. The company plans to use the July 2026 financing to accelerate the deployment of smart metering and grid management solutions across six electricity distribution companies in Nigeria.