Delta State, associated gas
Ughelli Modular Site
Evidence tier: In developmentCapacity5.5 MW
Power cost$0.042 /kWh
Capex band$18M to 24M
EnergisationQ3 2028
4 of 9 done, next: permits granted in Q3 2027
Energy to compute, Nigeria
African energy, turned into compute.
We are an energy company first. The group generates the power; Exusia Digital converts it into compute where the energy is, rather than where the grid happens to be strongest.
Ughelli Modular SiteDelta State, associated gas
Evidence tier: In development Milestones4 of 9 done, next: permits granted in Q3 2027
- Associated gasFlared today, earning nothing
- Group generationPower produced on site
- Modular computeSited on the generation
- AI, HPC, digital assetsDelivered to customers
Who are you?
Four ways in. Each one answers its own question.
I am an investor
The raise, use of proceeds, the risk register and a data room under NDA.
- Thesis memo and capability statement
- Published risk register and model assumptions
- Data room reply within one business day
I need compute
GPU-dense capacity at African energy economics. Specifications and delivery dates.
Request capacityI have power to sell
Flare gas or curtailed generation? We are a buyer. Screen your site in two minutes.
Screen my siteI need hosting
All-in cost per kWh, curtailment terms and energisation dates, stated plainly.
Build a quoteCapacity tracker
Every megawatt, labelled by how real it is.
Pipeline is not capacity. We show both, with the stage and the evidence behind each figure.
42 MW identified
0 MW energised today5.5 MW
36.5 MW in assessment, modelled
In development
5.5 MW
Evidence tier: In development To be confirmedAs at August 2026. Ughelli phase oneTo be confirmed The split of the identified pipeline between stages is provisional until management confirms it.
As at August 2026. Updated with each model version. Method and sources on the assumptions page. The method
The number the category runs on
All-in delivered power cost.
Everything else in this industry is downstream of this figure. Here is ours, and here is what it is competing against.
Evidence tier: Modelled
$0.042/kWh
Exusia Digital at Ughelli, on associated gas: fuel, O&M and generation capex recovery included.
As at August 2026. Financial model v3| Source | Range | US$ per kWh | Evidence tier |
|---|---|---|---|
| Exusia Digital, Ughelli | 0.042 | Evidence tier: Modelled | |
| Nigerian grid, industrial | 0.09 to 0.13 | Evidence tier: Illustrative | |
| Diesel generation, Lagos | 0.28 to 0.35 | Evidence tier: Illustrative | |
| US merchant power, ERCOT | 0.03 to 0.05 | Evidence tier: Illustrative |
US dollars per kWh. Comparators are illustrative ranges. We publish the comparison least flattering to us (ERCOT) because an investor will find it anyway.
What we are building
Three projects, honestly staged.
Including the two that are early. A portfolio you can see the shape of is worth more than three projects that all claim to be imminent.
Lagos, group-owned gas generation
Lagos AI Compute Pilot
Evidence tier: ModelledCapacity2.0 MW
Power costTo confirm
Capex band$9M to 12M
Energisation2029
1 of 9 done, next: energy source agreed
Location to be confirmed
HPC Research Cluster
Evidence tier: ModelledCapacityTo confirm
Power costTo confirm
Capex bandTo confirm
Energisation2029
0 of 9 done, next: site identified
Why we exist
Compute is bottlenecked by energy, not chips.
The next wave of computing is constrained by available power, not by silicon. Nigeria's grid has never exceeded roughly 6 GW for more than 200 million people, and the country flares gas that has no commercial route to market. Both of those facts are opportunities for a company that can put a load next to the generation.
What we have that others do not
An energy company, building the load.
Every other operator in this market buys power or fights the grid for it. We sit inside a group that generates it.
-
Upstream
EEI Group Energy
Power & Gas, Fossil Energy and Green. The energy we generate ourselves.
-
Conversion
Exusia Digital
Modular compute sited on the generation.
-
Demand
Compute customers
AI labs, HPC operators, sovereign programmes, digital-asset clients.
| Energy source | Group-owned gas, fossil-energy assets, solar and storage |
|---|---|
| What Digital does | Converts that energy into AI, HPC and digital-asset compute capacity |
| Why it matters | Every competitor in this market is buying power or fighting the grid. We generate it. |
How to read this site
Every figure carries its evidence tier.
Evidence tier: Contracted
Signed agreement in place. The strongest evidence we publish.
Evidence tier: Permitted
Regulatory permit granted for this site or activity.
Evidence tier: In development
Work under way; dates are targets, not commitments.
Evidence tier: Modelled
Output of a financial or engineering model with stated assumptions.
Evidence tier: Illustrative
Context only, such as market comparators.
For investors
The raise, the risks, and the room.
We publish our risk register, our model assumptions and the evidence tier behind every number. An investment committee is going to build that list anyway; we would rather hand it over than have it assembled without us.