Company Name: Solar Analytics
Announcement Date: 27/10/2017
Announcement Category: Investment
Announcement Content:
Australian solar energy software provider Solar Analytics has been chosen as one of 12 companies from 450 start-ups around the world to join a Hawaiian accelerator and will develop peer-to-peer solar energy trading in the Asia-Pacific. Companies in the Elemental Excelerator 2018 cohort will receive up to USD $1M to implement their project.
Solar Analytics will deploy a āpeer-to-peerā shared electricity trading platform to connect solar owners with non-solar owners, to provide affordable solar electricity to households and community groups. This will enable solar homeowners or businesses to select from a range of options for how they sell their surplus solar, and non-solar households to choose from whom and at what price they want to buy this surplus solar.
A project team from Solar Analytics is currently in Hawaii to launch the 2018 cohort and kick off the project. Solar Analytics will announce their Australian partners in the coming weeks.
Elemental Excelerator is an Hawaii-based incubator and accelerator for start-ups to support growth of commercial projects that will positively impact local communities in the areas of energy, water, agriculture, and transportation, to then scale on a national and international level. This year, Elemental Excelerator saw two major trends: innovative solutions in the application of machine learning to energy and mobility software, and the commercial application of peer-to-peer energy sharing.
āThe Elemental Excelerator program provides Solar Analytics with a remarkable opportunity to take advantage of the high energy awareness in Australia and Hawaii, to develop and launch a platform that will increase solar uptake and improve electricity options for local communities,ā said Solar Analytics co-founder and Director, Dr Renate Egan.
āOur intent is to provide the benefits of solar to those who canāt put solar on their roof, providing greater options and visibility for their decisions around energy and lowering their electricity costs. With Solar Analytics customers exporting almost half of their solar electricity, thatās a lot of potential shared energy.ā
Solar Analyticsā monitoring service provides performance monitoring and fault diagnosis of residential solar PV systems. The business currently provides solar monitoring for more than 15,000 solar households across Australia, and has recently entered the New Zealand and US markets.
About Elemental Excelerator
Elemental Excelerator helps startups change the world, one community at a time. Each year, we find 12-15 companies that best fit our mission and fund each company up to $1 million to improve systems that impact peopleās lives: energy, water, agriculture, and transportation. To date, we have awarded over $20 million to more than 60 companies. What makes us unique? We co-fund, co-design, and co-develop projects and strategies that improve infrastructure and sustainably enhance communities. Our program is funded by a diverse coalition of utility partners, corporate partners, the U.S. Navy, the U.S. Department of Energy, state government, and philanthropic organizations. We are a non-profit created in collaboration with Emerson Collective. For more information, please visit elementalexcelerator.com.
About Solar Analytics
Redfern-based Solar Analytics is a ground-breaking solar home energy management company that provides solar owners with compelling insights to increase the value of their solar power system. Founded in 2013 by a team of world-leading solar experts, Solar Analytics has developed a cloud-based data and analytics platform for residential and commercial solar systems. Using patented algorithms and machine learning, Solar Analyticsā monitoring software analyses energy generation, local weather and on-site energy consumption to provide real-time alerts and engaging insights for solar partners and households. More information at www.solaranalytics.com.
Announcement URL: https://www.solaranalytics.com/au/blog/solar-analytics-funding-to-provide-peer-to-peer-energy-trading-in-the-asia-pacific
About Solar Analytics:
Solar Analytics is an Australian greentech start-up that provides performance monitoring and fault diagnosis for rooftop solar photovoltaic (PV) power systems to derive maximum value for customers.
The Smart Monitor product intelligently monitors real-time solar energy system performance - energy consumption, solar production, faults, downtime, energy bought and sold. After installing a small device in their meter box, customers receive any fault alerts and advice immediately by email, can access a dashboard online from any computer, tablet or smartphone to check energy usage and system performance, and receive monthly reports that provide valuable insight.
Go to Company Profile for: Solar Analytics
Announcement Contact: [email protected]
