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Dunsborough Community Energy Project – Virtual Power Plant

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The  Dunsborough Community Energy Project is currently offering no upfront cost solar in Western Australia – all for the flat fee of $35/week – inviting south-west Western Australia residents to join their 6.5MW virtual power plant. 

Dunsborough Community Energy Project

Dunsborough Community Energy Project
Dunsborough Community Energy Project (source: dunsboroughcommunityenergyproject.com.au/)

This Dunsborough Community Energy Project has been established as a joint effort between Perth-based company Redback Energy, investment outfit SUSI Partners and Perth law firm Jackson Macdonald. It already has over 60 signups to their virtual power plant and hope to reach 1000 by the end of the year. The goal of their project is to allow all members to be 90% renewable inside their homes. It’s a realistic goal, and they have partnered with some fantastic companies to deliver a really powerful product offering:

According to a post on RenewEconomy, people who sign up to the Dunsborough Community Energy Project will receive:

  • 7kW of solar PV (Suntech panels)
  • Redback 5.5 KVA inverter
  • 9.6kWh Pylontech (LiFePo4) batteries

The community’s goal is to reach 1,000+ Redback solar and battery storage systems in the area (Dunsborough and Yallingup). Over the 10-20 year lifespan of the project ‘additional income and dividends’ are expected to raise up to $8m which can then be spent on lowering energy costs further or giving back to local community projects. 

The official website states that Redback Energy will give $250 towards a ‘community fund’ for each system sold. This fund will then be distributed “…to fund local community projects in schools, sporting clubs and or other projects such as a Dunsborough community pool.” A great idea and fantastic to see Redback supporting the local economy in more ways than one!

Click here to view the official website of the project and learn more about it. 

You can also learn more about Virtual Power Plants or Community Solar across Australia by clicking!

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Redback Technologies’ Smart Hybrid System Launch

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Brisbane-based Redback Technologies will launch their new Smart Hybrid System this week, which is a brand new all-in-one system to simplify solar energy for installers and homeowners while still generating maximum ROI on your solar investment!

Redback Technologies and the next generation Smart Hybrid System

Redback Smart Hybrid System Inverter SH5000
Redback Smart Hybrid System Inverter SH5000 (source: redbacktech.com)

Redback launched the Smart Hybrid System Sh5000 today at the 2018 All-Energy Conference – it has an abundance of features which are perfect for the house looking to maximise their ROI from installing solar:

  • 5kW inverter
  • New modular (expandable) battery cabinet. It can holdup to 14kWh of energy storage
  • All-in-one design outdoor rated for Australian weather conditions.
  • Inbuilt UPS, pre-wired with integrated DC isolators for an easy install. 

The Redback Technologies Smart Hybrid System uses the newly designed Redback Smart Energy Manager app, which makes installation a breeze. When you conneect the inverter to the web portal, you can monitor the performance of your inverter in real time, making sure it’s working as expected! 

Redback MD Patrick Matweew said in a press release delivered by email: “We’re all looking for ways to save money and reduce stress when it comes to our household energy bills. That’s why now is the right time for homeowners to consider a solar and storage system as it not only reduces household costs, but it also gives consumers the power to control their energy future.

“With the cost of small-scale renewable installations continuing to fall, there’s never been a better time to consider solar and battery storage.”

The Redback Smart Energy Manager app is now available to download from Google Play (Android) or the App Store (Apple).

If you’re interested in buying one of these Smart Hybrid Systems or would like to learn more about them then please give the friendly team at Redback a call on 1300 240 182 or click here to visit their page for homeowners/small business proprietors. 

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Redback Technologies receive $4m grant from QLD

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The Queensland government has given Redback Technologies a $4m grant to continue its work on developing a smart energy monitoring platform. The grant has been awarded through the Advance Queensland Platform Technology Program. 

Redback Technologies

Redback Technologies - Redback Smart Hybrid Inverter
Redback Technologies – Redback Smart Hybrid Inverter (source: redbacktech.com)

The Brisbane based Redback Technologies advertise themselves as creators of “Advanced hybrid technology with battery manages and stores solar energy, which you can save for your own personal use or sell back to grid.”

The Fifth Estate is reporting that this could result in Redback hiring up to 109 new staff to help the development and manufacture of their ‘smart energy monitoring platform’ – a system which is able to deliver real-time power generation/usage information via apps or the internet and is also able to automate smart (IOT) appliances. It also manages solar and battery energy use depending on the weather, usage patterns, current tariffs the customer has, and so on. Obviously the project is not complete yet so we don’t have a full feature set but it’s really exciting to see something like this developed so close to home, and being helped by the government. 

Innovation Minister Kate Jones told a press conference:

“Redback Technologies is at the forefront of moves to make battery storage technology more affordable, with a system that will enable a reduction in energy costs for consumers and help to pump renewable energy into the grid.

“The $4 million Advance Queensland Platform Technology Program grant will lead to the development of a smart energy monitoring platform that will give customers the ability to instantly analyse and control energy consumption.” Ms. Jones continued.

Philip Livingston, the managing director of Redback, said that there will be macro as well as end user benefits as the business grows – pointing out that the more data they’re able to get on usage patterns, we will see a commensurate increase in efficiency of their systems: 

“The support of the Queensland government will enable Redback and our partners to create a platform ecosystem, using big data to drive better outcomes for energy users and energy businesses,” he said.

“This technology will benefit industries beyond energy.”

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Redback Solar raise $7m in capital for R&D

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Redback Solar news – Brisbane based solar tech startup Redback Technologies has raised $7m in capital from the Clean Energy Innovation Fund. The company will use the investment to expand its R&D, improve its ‘smart software suite’ and hire more staff.

Redback Solar’s Capital Raising

Dynamic Business are reporting that the Clean Energy Innovation Fund (a partnership between the Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA)) has invested $5 million USD (approximately $6.43 million AUD) into Redback Technologies.

Around the same time, Right Click Capital’s Growth Fund has invested $2m USD (~$2.57 million AUD) into Redback along with offering their specialised experience to assist in Redback’s planned expansion into the Asia-Pacific region. The Right Click Capital Growth Fund, as per their website, have ‘deep experience starting and scaling technology businesses’ and are looking to back ‘ambitious technology businesses’ so it looks like a perfect fit. 

Right Click Capital Partner Benjamin Chong spoke a little about why they chose to invest in Redback, advising that “The inherent inefficiencies within the energy sector in Australia makes it ripe for disruption. Redback Technologies is uniquely positioned to seize this opportunity, with the power to provide everyday Australians with an alternative, low-cost solution to energy generation, storage and consumption. “We are excited by the solid track record of Redback’s management team and the firm’s ability to leverage technology to provide intelligent energy management solutions for households and businesses in Australia and beyond.”

Founder and MD of Redback Technologies, Richard Livingston, was excited about the investment and spoke about the impact it would have on stimulating Redback Technology’s products, software, and expansion. “This investment will enable us to further develop our next generation energy intelligence platform and devices and further cement our vision to ensure Australian households and businesses are entirely powered by renewables.” Livingston was quoted as saying.

Redback Solar – 2017 Movements

Redback Technologies launched the Redback Smart Hybrid System with EnergyAustralia early last month – with a ‘normal household’ with usage of 8000kWh / year to save around $1,500 a year with the system (4.9kW solar array and 3.3kWh battery). They received $9.3 million from EnergyAustralia last year for this – seeing Redback’s Generation 2 Smart Hybrid System offered to EnergyAustralia’s 1.7 million customers in Victoria, NSW, QLD, the ACT, and South Australia. 

Redback Solar - Capital Raising 2017
The Redback Solar team at a trade show in 2017 (source: Redback Technologies Facebook)

It’s obvious that Redback have a fantastic team and product – they’re growing rapidly and multiple teams have invested in them – we’re excited to see where these Brisbane locals end up! 

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Redback Smart Hybrid System / EnergyAustralia

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Queensland based solar company Redback Technologies have teamed up with EnergyAustralia to offer a “next generation” smart solar plus storage system, named the Redback Smart Hybrid – which is slated to pay for itself within seven years.

Redback Smart Hybrid System

Redback Smart Hybrid Battery Enclosure
Redback Smart Hybrid Battery Enclosure (source: redbacktech.com)

According to the Australian Financial Review, the system will utilise smart technology to optimise use of solar panels and batteries depending on usage and weather patterns. It’ll also have an app which allows users to remotely control and monitor operation of the Redback Smart Hybrid system.

Estimates from EnergyAustralia say that a normal household with usage of 8000kWh / year will save around $1,500 a year with the Redback Smart Hybrid system (4.9kW solar array and 3.3kWh battery). That system would cost around $9,000, or $7,000 to retrofit to existing panels with some modifications to the inverter. One of the main bonuses of the system is that it’s modular – so customers are able to scale up if they’re interested in expanding. It makes use of the Redback Smart Hybrid Solar Inverter which is designed in Brisbane, and different batteries / solar panels depending on your circumstances.

Kane Thornton, CEO of the Clean Energy Council called the system an example of the “game-changing” tech currently coming out to help combat rapidly rising electricity bills.

Andrew Perry of Energy Australia was circumspect to the AFR about specific sales goals for the system, but did advise that they have “strong ambitions for growth”. It certainly seems like we are heading very quickly to the point where solar + storage is a no-brainer for certain types of consumer – especially with the ‘smart technology’ removing the need for spreadsheets and PhDs for those wanting to get a strong result from their solar investment. To get a system like this for under $10,000 is a great deal – we’ll be very interested to see how sales go over the coming months.

Redback Smart Hybrid vs Tesla Powerwall

Technically the Redback Smart Hybrid is just an inverter + smart energy management system, but the Smart Hybrid system being offered by EnergyAustralia is an ‘all in one’ system. In comparison to the Powerwall which is just an inverter + storage,  it’s a bit difficult to compare them fairly. It is important to note that given the modular design of the Smart Hybrid, you’re able to ‘start off small’ with a 3.3kWh battery (as opposed to the Powerwall 2, which you can also add to, but only in increments of 13.4kWh) and grow from there.

The PowerWall is significantly more expensive than the Redback, and doesn’t include solar panels. However, if money is less of an issue and you’re prepared to wait, the Tesla Solar Roof Australian release date is currently “early 2018” and will undoubtedly be a premium solution for those who are interested in aesthetics along with quality.

It seems that both systems have their own niche depending on how much one wants to pay – but you certainly couldn’t be faulted for taking a look at the Redback Smart Hybrid price point and being impressed. If the smart tech works like they say it does, it’ll be a very powerful contender against all comers. Not having to worry about compatibility is definitely a big plus – although the battery / panels used may differ depending on your circumstances, EnergyAustralia will ensure the system fits together nicely.

The Redback / EnergyAustralia Partnership

EnergyAustralia invested $9.3m into Redback Technologies last October – their first major investment. The two companies have been working together on various projects including back in April where they inked a memorandum of understanding (MoU) to bring Redback’s solar tech to Dubai South for a pilot project.

Have a look at the video below which introduces Redback Technologies, their founder and MD Philip Livingston, and explains more about their partnership with EnergyAustralia.

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