NuRAN Wireless Creates NuEnergy Subsidiary to Own and Operate African Power Systems (Nasdaq:NUR)

QUÉBEC, QC — September 3, 2026 — Leads & Copy — NuRAN Wireless Inc. has announced the creation of NuEnergy Ltd, a wholly owned subsidiary tasked with owning and operating the company’s solar, storage, and hybrid power systems across its African operations. This strategic move aims to address the persistent issue of unreliable electricity in many rural and underserved African communities.

NuEnergy is expected to provide dependable and cost-effective electricity to NuRAN’s existing connectivity sites and its future edge compute nodes. The subsidiary will also explore opportunities to supply power to third parties, fostering potential synergies between mobile connectivity and electricity services. This integration could strengthen both business lines and enhance the overall value of NuRAN’s rural infrastructure platform.

The new subsidiary will be responsible for the ownership and operation of NuRAN’s renewable energy assets. The company believes this combined model of mobile connectivity and electricity services can create a reinforcing cycle where telecom demand provides a stable base load for energy assets, while increased electricity access supports local income growth and subsequently drives greater mobile usage.

NuEnergy will also consider engaging productive-use customers, such as shops, small businesses, agricultural operations, charging services, and local institutions. These customers could contribute daytime electricity demand, helping to align energy consumption patterns with solar power production.

The structural design of NuEnergy is intended to facilitate infrastructure-focused financing and improve overall capital efficiency. NuRAN plans to maintain its integrated platform advantage by ensuring that site ownership, power, and connectivity remain aligned within the broader group.

Power is identified as a core strength for NuRAN, and NuEnergy is designed to build upon this foundation. In many African markets, the demand for reliable and affordable energy remains high, especially in rural areas where access to grid electricity is limited or nonexistent. NuEnergy will manage these energy assets across NuRAN’s African footprint to support its rural connectivity operations, future infrastructure projects, and the development of local energy services around its sites.

By consolidating these energy assets into a dedicated subsidiary, NuRAN aims to enhance capital efficiency, attract infrastructure-specific financing, and preserve the benefits of an integrated approach where power infrastructure and connectivity are closely linked. Management believes this integrated model can lead to more efficient deployment and operation of infrastructure in underserved African markets.

The synergy between connectivity and electricity is seen as a powerful and differentiating model for rural markets. Beyond powering telecom equipment, NuEnergy is expected to enable practical local energy services, such as charging facilities for mobile phones and other small devices. This capability could remove a significant barrier to mobile adoption in off-grid areas by ensuring consistent device power. As reliable charging becomes more accessible, NuRAN anticipates a rise in call volumes, data usage, mobile money activity, and other digital services, thereby boosting the economic viability of the company’s rural connectivity sites.

The model’s strength could be further amplified by productive-use customers who consume power during daylight hours, including small businesses, agricultural users, and local institutions. This daytime demand can better align with solar power generation, improving asset utilization and making rural energy infrastructure more economically attractive.

“NuEnergy gives our solar, storage and hybrid power systems a dedicated platform of their own,” stated Francis Létourneau, Director and Chief Executive Officer of NuRAN Wireless. “Reliable power is central to rural connectivity, but we also believe the reverse is true: connectivity can help make rural energy more bankable. Telecom demand is remarkably resilient and can provide a stable base load for our energy assets, while electricity access can support local incomes and, over time, increase demand for mobile services. By combining power and connectivity, we see an opportunity to create a stronger, more investable infrastructure model for underserved communities.”

NuRAN Wireless Inc. is a rural telecommunications infrastructure company connecting remote and underserved communities across Africa. Through its Network-as-a-Service model, NuRAN finances, builds, owns, operates, and maintains 2G, 3G, and 4G mobile network infrastructure for mobile network operators expanding coverage beyond urban centers. The company has more than 5,000 sites under contract, with a portion already built and operational. NuRAN combines telecommunications engineering, low-power wireless technology, renewable-energy-enabled infrastructure, site selection, and field operations to address the economic and technical challenges of rural mobile coverage.

Source: NuRAN Wireless Inc.

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