New funding deal for innovative solar tech
The Australian Renewable Energy Agency (ARENA) has announced $5 million in funding for Australian start-up Solpod to start installing its re-deployable rooftop solar on commercial and government buildings.
The innovative method will see the company use its re-deployable racking and mounting system, offering the ability to quickly remove the panels to be deployed elsewhere.
ARENA CEO Darren Miller said Solpod’s innovative redeployable solar system opens up new markets for rooftop solar installation.
“Solpod’s new way of installing solar will pave the way for businesses who were previously locked out of rooftop solar to take up renewable energy solutions and options under shorter term power purchase agreements.
“This Australian start up will help to accelerate solar PV innovation and allows for renewable energy alternatives in niche markets, providing a cost-competitive alternative to standard methods of fixed mounting for delivering rooftop grid connected solar PV,” Mr Miller said.
The $5 million project will see Solpod deploy its new solar panels at 25 separate sites across Victoria, New South Wales and Queensland with a total of 2.5 MW capacity.
Solpod founder and CEO James Larratt said: “Despite rooftop solar being cheaper and more sustainable than the grid, many businesses have made the rational decision to not adopt solar because of other factors such as length of commitment, disruption on site and damage to buildings. Solpod is the game-changer that removes these barriers and enables businesses to capture the savings in energy costs.”
“Solpod’s solution can adapt to meet individual business needs. For businesses that rent their premises, Solpod can offer short-term contracts to match lease terms. For landlords, Solpod allows flexibility for changing site use and will not damage the roof,” he said.