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!

 

 

Share

Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia

Sustainability

Huawei smartwatch goes for gold with Ultimate Edition

Lifestyle

How IKEA India plans to double business, triple headcount

Corporate Finance