EnergyAustralia’s $9.3 million investment in Brisbane-based energy management business Redback Technologies last October has now born fruit with the company launching the Redback Smart Hybrid System for homes today.
The energy management and storage system combines solar inverter, a battery enclosure and intelligent energy management software in a single outdoor hub which can be paired with solar panels and batteries. It also has an app so people can access, monitor and control their energy use from a smartphone or tablet.
Redback Technologies founder Philip Livingston said his new system lets customers save money by consuming more of the solar energy they produce on site and the modular design allows them to scale up as they can afford it.
The system can also predict household usage patterns and solar energy production using machine learning and proprietary algorithms developed by Redback.
Retailer EnergyAustralia estimates an average home would save around $1,500 annually when the system is combined with solar panels and a battery.
A complete new system would cost around $9,000 to install or $7,000 to retrofit to existing solar panels, based on inverter modifications, and pay for itself within seven years.
EnergyAustralia NextGen boss, Andrew Perry, said the Redback system’s ability to learn and respond to how people consume their energy, based on their preferences, is a key part of its appeal.
“This is the future of energy technology, created with one aim: to put the customer in the driving seat so they can decide how they use, store and even sell their solar energy,” he said.
“There’s a revolution happening right now in energy and customers will say it’s about time.”
The Redback Smart Hybrid Inverter has a five kilowatt (kW) power output and the potential to store up to 13.2 kilowatt hours (kWh) of electricity — enough to meet 75% of the average home’s daily energy needs. The modular design means a homeowner can start with 3.3kWh of storage and add more battery units over time.
The management system also has the ability to connect into pool pumps and in the future control smart appliances in the home.
The launch of the system comes at a time when the Australian Energy Market Operator is flagging plans to allow energy companies to to remotely manage household power consumption using technology in order to manage loads.
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