Australia is making strides towards renewable energy with large investments and infrastructure initiatives. According to recent research from the Australian National University, if Australia maintains the current rate of installations for renewables, the country will be on track for 100% clean energy by 2050.
EnergyAustralia, one of our local partners, recently announced their $15 million initiative to install solar panels, storage, and energy management systems in multiple charity organizations. This project, also known as Power for Good, is expected to become one of Australia’s largest “virtual power plant.”
Andrew Perry, EnergyAustralia Executive- NextGen believes that “with the right approach and technology, it’s possible to dramatically reduce annual electricity bills for eligible properties by as much as 50 per cent.”
With less money spent on electricity, there are more funds available for companies to promote efficiency and move towards a cleaner future. Even though Australia is implementing renewable energy at a national level, there is still an opportunity for consumers to make a drastic impact through one’s daily activities and habits.
Ecologic, one of our EA19 startups, is an online platform to help households, businesses, and communities assess their energy usage and create a tailored energy efficient plan. It also allows consumers to get in touch with solar and battery suppliers using the in-app marketplace. This innovation helps consumers understand their energy usage and therefore, encourages efficient use of resources, while also promoting clean energy. John McKibbin, CEO and founder of Ecologic, tells us what motivated him to create a product that gives the consumer the power to create change:
“I have been assisting councils, utilities, and governments with designing and evaluating energy advice programs for over 12 years. This has helped me develop a deep understanding of why these programs succeed or fail in driving impact on the ground. I believe with Ecologic we have developed the missing tool to consistently deliver energy and bill savings to households and businesses.”
Little by little, little becomes a lot. Whether the energy initiatives come from the government, public, or private efforts, every one of these actions gives Australia the opportunity to make the dream of running on 100% renewables a close reality.