In October 2018, Enova Community Energy, Australia’s first community-owned renewable energy retailer, began providing sustainable, clean energy for more than 5000 New South Wales residents and businesses with $5.2 million in annual revenue.
Enova Community Energy is a social enterprise, returning 50 percent of the profits after tax and reinvestment back into communities via innovative projects such as microgrids, solar gardens, energy education, and energy efficiency services such as installing solar on rooftops to make renewable energy accessible by all. In order to extend its services and projects across NSW, Victoria, Queensland and South Australia, Enova partnered with one of the country’s first equity crowdfunding platforms, Crowd88.
Enova is building a partnership between retailer, consumer and network to make this happen. In addition, it will also enable additional storage managed by networks, advanced technology managing network peaks, as well as household or street batteries which are subsidized by retailers for control. All in all, Australia’s communities cost and energy efficient.
The community-owned renewable energy retailer is now working with a range of innovators including Enosi, an open-source community energy platform.
Enova is working with a range of innovators including Enosi, an opensource community energy platform providing consumers with choice, transparency and efficiency.
This story is from the September 2020 edition of Industry Leaders.
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This story is from the September 2020 edition of Industry Leaders.
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