UK based smart energy technology provider Social Energy has expanded into Australia with a new solar and storage offer in its first step outside its home market.
Smart Export Guarantee (SEG) tariffs have been unveiled after the legislation came into full effect yesterday (1 January 2020), with pricing ranging wildly from Social Energy's 5.6p per kWh down to the barely-compliant 0.001p per kWh that Shell Energy is offering.
Social Energy is closing in on raising up to £50 million in new finance, after more than 20 companies expressed an interest in helping support the energy tech firm’s expansion.
Details of the government’s Smart Export Guarantee (SEG) emerged earlier this week, eliciting responses that range from calling it “better than nothing” to welcoming an end to the “ongoing tragedy” of the policy gap between the feed-in tariff (FiT) and the SEG.
International battery brand Duracell is set to launch a home energy storage system in partnership with a UK energy supply and services company, which claims it will enable big increases in the revenues available to owners of the devices.