Australia Shaping The Future of Renewable Funding

Jon Capistrano
Jon Capistrano
March 9, 2017

According to Oil Price, Australia is following the crowdsourcing trend that has shaped the last half decade, pioneering the movement into a new industry which is solar energy. As of last week, approximately 10,000 Australian homeowners can engage in a program that will test an open market designed for the monetization of rooftop renewable energy and storage which is a first in the world.

This idea came from a group of energy agencies, startups, retailers and providers. There’s about 1.6 million Australians who own rooftop solar energy systems, which provides the needed infrastructure to build a system like this. This is more than 15% of all roofs in Australia.

The Distributed Energy Exchange of deX was created. The exchange allows solar panels owners and users to rent their excess energy and the storage capacity of their batteries. The system management is also an innovation because it utilises a network of smart devices to monitor the power distribution, automatically sending power where it is needed and compensating the owners accordingly.

Click here to read the full story on Oil Price

Leave a Reply

Your email address will not be published. Required fields are marked *

Share on facebook
Share on twitter
Share on linkedin

Trending Posts

Making a Big Deal of Microgrids

Making a Big Deal of Microgrids

Australia is right now experiencing an energy revolution. It’s profoundly exciting. Yet if there’s one challenge we are facing, it’s that because the speed and scale of change is so vast, it’s easy for certain aspects of it to be overlooked a little now and then.

The Ambitions of the Asian Renewable Energy Hub
Green Energy

The Ambitions of the Asian Renewable Energy Hub

Australia has always known it would build stronger ties throughout Asia. There are many reasons for this, but central is the shared cultural and economic links that connect a nation of 25 million into a region of over 4.5 billion.