|4 October 2016|

Australia

EnergyAustralia is investing $9.3 million dollars into a new partnership with a pioneering tech company to develop revolutionary products for the renewables industry.

The partnership with Redback Technologies is aimed at developing new technology to help Australians take control of their energy consumption and is the first major investment by the EnergyAustralia’s NextGen business unit.

The Redback Smart Hybrid Solar Inverter system combines a smart solar inverter, battery enclosure and intelligent energy management software into a seamless package. The technology allows customers to decide how they use, save and even sell energy captured from their roof-top solar panels. And they can do it all from a smartphone.

Andrew Perry, EnergyAustralia Executive – NextGen said: “With a Redback system customers can manage their energy consumption so they not only save money, but reduce their carbon emissions. We’re proud to be partnering with a company that’s driving Australian innovation in a way that’s good for customers and good for the environment.”

The Redback system will help customers make the most of the energy captured by their solar systems, making households less reliant on the grid and more independent.

For example, the technology will allow a customer to schedule major appliances including electric hot-water systems, air-conditioners or even pool pumps to run when there is excess solar power available. It means households don’t have to draw more expensive energy from the grid during peak times.

Philip Livingston, Founder and Managing Director of Redback Technologies says the investment will allow Redback to continue developing smarter technologies.

“Our partnership with EnergyAustralia significantly accelerates Redback’s technology roadmap and strategic plan for leading the disruptive change required for mass adoption of renewables. Today marks a new day for the clean energy sector in Australia, and we at Redback could not be happier.”