This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
1. THE BEGINNING
This innovation initially came to life when…
We started over 5 years ago with the purpose:
To speed up the transition to a distributed 100% clean energy world by making renewable based energy storage when coupled with solar much more cost effective.
With Game Changing – silicon carbide (SiC) renewable energy power electronics and Distributed Energy Generation (DEG) software controls. Plus aggressively create new clean energy markets to become a global distributed clean energy utility of the future.
Our team includes with ex-utility engineers . We partnered with Griffith University and Central Queensland University. We now have a team of 32 staff with 25 engineers.
2. WHAT & HOW
The purpose of this innovation is to…
Overcome ZERO export of rooftop solar.
The electricity grid is limited to 15% of the energy in a suburb that can be local rooftop solar. In Oz the grid is full off too much solar so it imposes ZERO Export.
It does this by…
Our technology overcomes the Zero Export limitation and allows for 100% of the energy in a suburb to come from local rooftop solar and allows for Peer to Peer Bitcoin trading.
We install our Smart Box and Software in the building to fix the voltage problem that rooftop solar creates that generates the Zero Export policy.
3. PURPOSE & BENEFITS
This innovation improves on what came before because…
The grid was designed 120 years ago as a one way grid, so it’a mainly analogue. Sending energy backwards creates a blockage which is why the limit of rooftop solar is 15%.
We digitise the grid creating a two way flow of electricity at no cost to the taxpayer or the grid plus improve the ROI of rooftop solar.
Its various benefits to the customer/end-user include…
- 560 KW rooftop solar payback (Sydney)
- With Zero Export 23.6 years
- Without Zero Export 6.8 years
- 850 KW rooftop solar payback (Melbourne)
- With Zero Export 8.8 years
- Without Zero Export 5.8 years
4. COMPETITIVE LANDSCAPE
In the past, this problem was solved by…
There is none – which is why grid imposes ZERO Export. Our tech creates a brand new rooftop solar market worth over $80 Billion in Australia and possibly $8 Trillion globally, that’s over and above all current solar forecasts. Plus many sites will include batteries so extra battery sales of up to $20 Billion in Australia / $2 Trillion globally.
5. TARGET MARKET
It is made for…
Initially commercial buildings – we can install large rooftop solar – in effect build Urban Rooftop Solar Farms so that up to 100% of energy is from local clean energy.
We significantly reduce a businesses energy costs and save the planet at the same time. Plus because we can export energy, we can install a very large battery onsite to support the grid, lowering the pressure on rising power prices. At the same time it creates extra income for the business further reducing energy cost.
Then later rural and off grid plus residential.
It is available for sale through…
Direct to market working with our partners Planet Ark, Schneider Electric and Equigroup Finance.
Offer solar + batteries as a service – the businesses have no capital outlay and just buy the clean energy and reap the savings.
Our marketing strategy is to…
To have multiple demonstration sites in 2018. From a Toyota dealership in Ipswich, the Gold Coast Aquatic Centre (Commonwealth Games pool) through to a a large distribution centre in Adelaide.
Work with the 14 grid operators in Australia and the Regulator to show we can solve their voltage problem to allow rooftop solar to export energy.
FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
Maven Judge Vote: Planet Ark Power – Smart 100 2018
(Please note – The form below is for judging purposes only and is restricted to the public)