How Aussie startup 'Matter' is innovating rooftop solar for homes

By Uwear

In a move that intends to provide solar power to 2.4 million Aussie homes, a tech startup called Matter has launched a new technology called Digital Solar.

The innovation allows property owners and landlords the ability to install rooftop solar and operate it as a micro-utility by selling the solar power to tenants at a lower price than energy provided by the grid. This could allow owners to make nearly five times the cost of installing the solar PV, all while saving renters around $300 annually.

RELATED TOPIC: How Singapore's APBS brewery is leading the transition to solar power

Digital Solar measures the amount of solar power generated as well as the amount used by the household, which allows property owners to charge renters with an automatically generated invoice. Meanwhile, a separate log-in gives tenants the ability to check out their real-time and future usage predictions to help them make more energy conscious decisions.

At the moment, Digital Solar is appropriate for one-bedroom properties, and will be suitable for mulit-tenanted, mixed residential and commercial properties in 2016. With the high demand for the service since its launch last month, Matter expects to embark on the U.S. and European markets early next year.

RELATED TOPIC: How Synergy and Alinta will compete for WA's solar market

Matter believes by overseeing and putting a price on rooftop solar, it could conceivably establish a solar shared economy down the line similar to ones created by Uber and Airbnb.

“Our mission is to empower millions of people who want to adopt sustainable energy, but currently don’t have the option,” said Matter CEO Chris Mrakas. “By pioneering the shift from ownership to usership in the energy industry, Digital Solar puts landlords and their tenants in control of creating new revenue streams and lowering energy bills.

RELATED TOPIC: Stockland, Canada Solar partner to install Australia's largest rooftop solar system

“It’s a trend that is set to continue as solar becomes more prevalent and new business models emerge to meet the needs of the changing energy landscape.”

Source: One Step Off the Grid

Let's connect!  

Check out the latest edition of Business Review Australia!




Featured Articles

Top 10 female executives leading Japan's charge for change

As Japan pledges a 30% target for women executives at big firms by 2030, we spotlight 10 female corporate leaders blazing a trail in the country

Top 10 most valuable unicorns in China – phones to drones

Home to the world’s most valuable unicorn, not to mention the fastest growing, China may be trailing the US on numbers, but it is catching up – and fast

Top 10 fastest-growing energy companies in the APAC region

Business Chief takes a look at the top 10 fastest-growing energy companies in the APAC region, according to rankings from S&P Global Commodity Insights

Top 10 Chief Financial Officers in India

Corporate Finance

Top 10 largest companies Malaysia and the CEOs who helm them

Leadership & Strategy

5 high-profile CEO moves across Asia-Pacific this month

Leadership & Strategy