Good Energy will purchase excess power generated by three homes in Cornwall fitted with zero-cost solar systems under a partnership with GRYD Energy.
Renewable energy supplier and services provider Good Energy has signed an export-only power purchase agreement (PPA) with British solar technology firm GRYD Energy that means the former’s customers can receive clean energy generated from homes across the country in GRYD’s decentralised smart solar network.
The homes involved in the PPA are the same three St Ives properties where the company recently tested smart solar and battery storage systems at no upfront cost.
GRYD said at the time that additional energy generated from the solar arrays would be sold through export agreements that it was in the process of establishing. The deal with Good Energy is a UK first: it is designed for a portfolio of domestic properties and is not dependent on using the same supplier for both exporting and importing energy.
GRYD’s PPA with Good Energy allows it to sell excess solar energy from its network to the supplier. This secures an important revenue stream for GRYD, in turn enabling it to keep the price low on its solar subscription service.
Good Energy administers Feed-in-Tariff (FIT) payments for over 180,000 generators, including several large portfolios of domestic properties such as councils and housing developers.
The partnership also represents Good Energy’s stated intention to expand its decentralised energy services with a particular focus on solar. Likewise, GRYD aims to establish a UK decentralised energy network and says it is set to deploy its technology to 300 homes in the next 12 months.
Mohamed Gaafar, CEO and co-founder of GRYD, said: “The untapped solar potential of the country’s residential rooftops is a huge opportunity to accelerate the renewables transition. It takes working with innovative partners like Good Energy to unlock that progress. We’re excited to see our partnership grow as our network of GRYD homes expands across the UK.”
James Rees, director of product and propositions at Good Energy addedd: “We know that decentralised, small scale power generation like rooftop solar has a huge part to play in decarbonising our energy system. Working with innovators like GRYD to find ways to accelerate the adoption of solar and lower the upfront cost barriers is a no brainer. We hope this first-of-a-kind agreement helps to do that.”
