FORTITUDE VALLEY SHINES UP TO SILICON VALLEY

FORTITUDE VALLEY SHINES UP TO SILICON VALLEY
CALIFORNIAN solar pioneer Sunverge has selected Brisbane for its Australian headquarters, and is now shining a mega-deal with Ergon Energy.

The Australian electricity company will run a $2.6 million solar battery trial with the US renewable energy company, aligned with the Queensland Government's vision.

Energy minister Mark Bailey says Labor's commitment to one million solar rooftops by 2020 is becoming more likely.

Bailey met Sunverge co-founder Ken Munson on Thursday as he opened the company's Australian headquarters in the Fortitude Valley.

"Queensland is already one of the world's highest per capital users of solar energy with more than 400,000 residential solar rooftops and the next big shift is combining this with batteries for home storage," says Bailey.

North Queensland will play a major role in Ergon Energy Retail's 12-month trial involving 33 homes that have four or more bedrooms. "

A 4.9kW SunPower PV array and a 12kWh/5kW Sunverge battery storage and control system will be installed at each trial site.

Ergon Energy Retail will own and maintain them and is contributing $2.2 million for the trial.

The Australian Renewable Energy Agency (ARENA) is putting in $400,000 to explore a new approach for providing solar PV and battery storage systems to residential customers.


Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How to conduct an effective board assessment: a step-by-step guide
Partner Content
Your directors should conduct a board assessment annually. Let's examine what a boa...
OnBoard, by Passageways
Advertisement

Related Stories

The Star hit with two more shareholder class actions

The Star hit with two more shareholder class actions

Law firms Phi Finney McDonald and Shine Lawyers (ASX: SHJ) have ser...

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

The parent company of Boost Juice is set to return to Australian ha...

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Alternative medicines stocks are on a tear today as investors take ...

KKR-backed Alludo presses on with Nitro Software takeover plans, brushes off shareholder rejection

KKR-backed Alludo presses on with Nitro Software takeover plans, brushes off shareholder rejection

A $526.8 million takeover proposal for Nitro Software (ASX: NT...