WePower partner with Marubeni Corporation

Renewable energy procurement and start-up platform WePower have secured a strategic equity investment via Japanese investment/trading corporation Marubeni Corporation. A press release was published this morning. Let’s take a look and see what this could mean for businesses looking to purchase renewable energy on a scale they’re comfortable with. 

WePower partner with Marubeni Corporation

You might remember WePower’s ICO at the start of last year – the blockchain-based green energy trading platform has enjoyed a massive financial coup by partnering with Marubeni Corporation. This will support rapid expansion of their ‘disruptive green energy procurement platforms’. This is really exciting news for a company we have been watching for a couple of years. We’re looking forward to seeing what their attitude towards PPAs for smaller (‘almost any’) companies will fare – so you don’t have to go all out on commercial solar (such as the XXXX brewery at Milton’s solar installation) and can just buy what you need at a smaller level.

WePower sees Australia as one of the fastest growing markets globally for power purchase agreements (PPA) and this investment will help bring green energy to corporate and industrial consumers from around Australia.

According to a press release from today, WePower Standardised Power Purchase Agreements (PPA) streamline risk management and introduce previously non-existent liquidity for the energy purchased via direct energy contracts.

Nikolaj Martyniuk, WePower’s Co-founder and CEO, says the investment was secured because of deep synergies with Marubeni Corporation’s Power Business Division.

 “We are delighted to work in partnership with Marubeni Corporation to develop and introduce new commercial energy services, as well as scale our solutions globally to markets including Australia.”

“Two-thirds of the energy produced worldwide is consumed by commercial and industrial clients. So, any meaningful change towards a fully sustainable future is not possible without enabling more corporate and industrial consumers to participate in the green energy revolution.

 “To date, only the largest global corporations have been able to access renewable power sources by directly purchasing from a producer. The complexity of this process has created a barrier for smaller companies looking to integrate renewables into their energy mix and contribute to the growth of green energy development,” Nikolaj continues in the press release

Yoshiaki Yokota, Chief Operating Officer, Power Business Division, Marubeni Corporation discussed the deal:

 “We did it by disrupting the traditional energy supplier business model with a deep focus on big data and a radically different approach to energy sourcing, management and trading. We believe WePower is in a unique position to disrupt the traditional corporate energy procurement markets by allowing almost any company to buy energy directly from renewable producers.”

Learn more about WePower by visiting their website.

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Bundaberg is the rooftop solar capital of Australia.

A press release from the Queensland Government notes that Bundaberg is now the rooftop solar capital of Australia. Let’s read more into solar power in north Queensland.

Bundaberg is the rooftop solar capital of Australia.

On the back of the Clean Energy Council report released today, Energy Minister Dr Anthony Lynham praised Queensland for its rapid update in solar power compared to the rest of Australia:

 “Queensland fills six of the top 10 rooftop solar postcodes in Australia, by number of installations.

“And sitting at the top is Bundaberg with 12,620 installations with a capacity of 47,500kW.

“In fact, Queensland has four of the top five places with Hervey Bay at No 3, Caloundra at No 4 and Toowoomba at No 5,’’ Dr Lynham said.

Queensland’s $2b Affordable Energy Plan means that the state now has the lowest ‘typical’ household power bill of the mainland states, according to a separate press release on Dr Lynham’s site.

North Queensland solar is going really well at the moment, with the government trialling grants for landlords to install solar in Bundaberg, Gladstone and Townsville.

“Bundaberg people are embracing the financial and environmental benefits of solar,’’ Dr Lynham said.

“Queensland is leading the way on renewables as the Palaszczuk Government heads towards its target of 50 per cent renewable energy by 2030.

“Palaszczuk Government initiatives, encouraging the take-up of rooftop solar and batteries and creating an environment that has been embraced by the solar industry across the state, particularly in regional areas, is paying dividends across-the-board for Queenslanders.

“In Bundaberg seven applications for the Queensland Government’s solar-only loan package have been approved  and a further 35 applications for battery assistance packages also have been approved.’’ Dr Lynham continued.

Dr Anthony Lynham - Bundaberg the rooftop solar capital of Australia
Dr Anthony Lynham – Bundaberg the “rooftop solar capital of Australia” (source: Wikipedia)

Media enquiries: David Potter 0428 411 617

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