Solar for apartments, Kristy Battista

The role technological innovation plays in a clean energy transition

SHARE

Solar for apartments, Kristy Battista

It was fantastic to be involved in the Energy Transition Summit in Sydney, Australia last week, which focused on the critical need to transition to sustainable energy systems, the very real challenges ahead and the collaboration across sectors that will be required on a scale that has never been seen before.

It was both a sobering day, being reminded that we have less than nine years to achieve net zero, and a day full of opportunity, highlighted by inspiring talks and reminders about this country’s potential, including for example that Australia receives approximately 10,000 times its energy consumption needs in solar radiation each year.

 

How Allume is supporting the transition to clean energy

I spoke from the perspective of a growing business using technological innovation to solve a very real market need. For those of you that do not know Allume’s history, we were born out of a Melbourne based start-up accelerator in 2015, and today we are a rapidly growing international business with product installed in Australia, the US and the UK.

Allume’s vision is a world where everyone can access clean and affordable energy from the sun. Specifically, we are making rooftop solar accessible to multi-dwelling buildings through a world first technology called the SolShare.

In the session, evolving with the market, our panel spoke about the evolution of environmental, social and governance issues, aka ESG, being propelled to the top of the corporate agenda.

 

 

The SolShare makes solar power accessible where it’s needed most

The SolShare, Multi residential solar power

Allume was founded on very strong ESG principles. In particular the E, the reduction of carbon emissions, and the S, energy equity for all in particular social or community housing which is a key market for Allume in Australia, the US and the UK.

The real estate sector is a big carbon emitter and therefore presents a great opportunity for impact. As a business working at the coal face of providing solutions, we have born witness to the increased ESG focus from the real estate sector over the last five years. In particular, there has been a palpable acceleration in focus on ESG metrics over the past two years.

 

Why this much needed shift?

1.  An evolution of community expectations and social drivers, which is feeding into investors’ expectations shifting from pure profit maximization to sustainable value creation. Many pension and superannuation funds are demanding ESG benchmarks for investment which is translating to a focus on ESG in the real estate space.

2.  A generational shift as millennials start to take positions of power in industry.

3.  Companies linking executive remuneration directly to ESG performance. According to industry reports released last year ~20% of S&P 500 companies in the US, ~45% FTSE 100 companies in London, and 81% of ASX 100 companies in Australia link remuneration of executives to ESG outcomes.

 

Allume can help organisations around the world meet ESG targets

For Allume historically the return on investment drove the sale of the SolShare. But now the drivers that lead to a sale are increasingly around ESG and sustainability metrics.

For example, In Australia the SolShare helps commercial and apartment buildings meet the new National Building Energy Rating Scheme standards for on-site renewable energy generation.

California has a ‘solar mandate’ requiring all new multifamily buildings up to three-stories in height have solar.

And in the UK, the SolShare, improves an apartment building’s performance against the Energy Performance Certificate for brownfield sites and the Sustainability Assessment Procedure for greenfield apartments.

 

Solshare from Allume Energy, Solar Panels for Apartments

 

Using technology to make buildings more efficient and environmentally friendly

People are starting to think about real estate differently. Historically a building was a stagnant piece of infrastructure but now there is an opportunity for technology to provide insights into a building, whether that be energy efficiency, waste, or patterns of use by those that live and/or work in that building.

What you do not measure you do not know about and therefore you cannot change. Recently I heard of a large commercial building in a major city centre that had a significant water leak for years that went undetected until technology starting measuring and reporting on consumption metrics.

It’s almost like the buildings will start to come alive and be contributors to the community around them.

In addition to the commitment of industry and cleantech companies such as Allume, we need clear guidance and support of government at the state and federal level. Because what was abundantly clear from the energy transition summit is that we are going to need all hands-on deck to face the massive challenge of a sustainable future for Australia and the world.

Other articles you may find interesting:

Card image cap

07 Nov 2022

Solar for Flats – Made Possible with the SolShare

With the combination of world events and the ever-increasing problem of climate change, it’s no wonder that property owners and building managers are looking for more sustainable ways to produce...

Read more
Card image cap

24 Oct 2022

5 Ways to Increase The EPC Rating of Your Property

  If improving the energy efficiency of your properties hasn’t been front of mind, the recent explosion in energy prices and changes to energy related legislation in the UK may...

Read more
Card image cap

19 Sep 2022

The SolShare Reaches a Huge Milestone Towards Net-Zero Flats in The UK

A huge milestone has been reached towards achieving net-zero flats in the UK. The SolShare’s ability to connect solar PV panels directly to flats is the keystone technology in the...

Read more
Card image cap

18 Aug 2022

The Inflation Reduction Act and Solar for Apartment Renters

Last week, we at Allume were at the edge of our seats as we watched the U.S. House of Representatives vote yes on the Inflation Reduction Act (IRA). Signed into...

Read more
Card image cap

09 Aug 2022

Zero Carbon Developments – Setting a High Bar

More than 20 municipal governments in Victoria have taken a significant step forward in shaping the way new apartment property developments could be better for both residents and the environment....

Read more
Card image cap

15 Jul 2022

eFIXX Energy Interview: Can you share solar PV power between a block of flats?

At the recent Future Build Expo in London, eFIXX Energy interviewed Allume’s General Manager of Europe, Jack Taylor to learn everything there is to know about the SolShare. The 5-minute,...

Read more
Card image cap

08 Jul 2022

Solar EV Chargers for Apartments and Flats

With more and more people around the world driving Electric vehicles (EVs) and plug-in hybrid vehicles, governments, councils and building owners are having to find ways to implement EV chargers...

Read more
Card image cap

01 Jul 2022

Improve EPC ratings with solar for flats

Recent changes to the Energy Performance Certificate (EPC) legislation require landlords to ensure their rental properties are up to scratch on the energy efficiency front. All properties across England, Scotland...

Read more
Card image cap

08 Jun 2022

Helping social housing residents beat the electricity price hike

  The energy crisis There’s been a lot of media coverage recently over the unprecedented turmoil in Australia’s energy markets. A combination of factors has caused the steepest increase in...

Read more
Card image cap

07 Jun 2022

Allume Energy attends the RealtechX ESG Impact Showcase

Allume Energy was privileged to be invited to the recent RealtechX ESG Impact Showcase in Melbourne. We had representatives from our Commercial, Tech and Service teams in attendance, along with...

Read more
Card image cap

02 Jun 2022

Microgrid Solutions – Why They’re Important

As our populations continue to grow, the need for energy increases, as does the cost of electricity. But there's another problem we're all too aware of - the impact greenhouse...

Read more
Card image cap

27 May 2022

Allume Energy attends New York’s Clean Fight Summit

In April we attended The Clean Fight summit and thoroughly enjoyed discussing the future of a cleaner energy New York. What is The Clean Fight? The Clean Fight is a...

Read more
Card image cap

12 Apr 2022

Solar For Apartment Options

With over 2.2 million Australians living in apartments, units or flats, it’s great to know that it's now possible for them to access affordable solar energy solutions. This means that...

Read more
Card image cap

21 Mar 2022

Can You Put Solar Panels On An Apartment?

People are increasingly making the switch to solar energy for their homes in Australia and being one of the sunniest locations on the planet, it makes sense. Down Under we...

Read more
Card image cap

27 Aug 2021

Why Leader as Coach will be imperative to workforces of the future

  In my last blog I shared my hope that engineers, scientists, innovators, and leaders frequently question how they use their talent and their time to make sure that they...

Read more
Card image cap

06 Jul 2021

Funding Boost accelerates Allume Energy’s International Expansion

Led by Taronga Ventures and The Schmidt Family Foundation, $6 million in new funding positions the company for international expansion into North American and European markets (MELBOURNE, Aus.) –  Allume...

Read more
Card image cap

10 Jun 2021

LPE, Allume partnership breaks apartment solar barriers

Allume Energy was founded in 2015 out of one realisation and one idea. The realisation was that the price of rooftop solar was dropping year-on-year, and would inevitably be attractive...

Read more
Card image cap

27 Apr 2021

Solving Problems that Matter

    Psychology studies have found that the human mind is wired to look for problems to solve. Regardless of your environment, age, IQ or EQ everyone is solving some...

Read more
Card image cap

13 Dec 2020

A winning formula to create a connected and diverse organisational culture

  Throughout my life, creating environments that generate connection and inclusion has always been a theme. Whether it was being the person that made the new soccer teammate feel welcome...

Read more
Card image cap

29 Nov 2020

Canberra apartments first to go solar with the Allume Energy SolShare

  An apartment building in Turner is the first to go solar with a new Australian-made technology.  The 20 residences in the Focus Apartments on Gould Street now share one...

Read more
Card image cap

21 Nov 2020

Allume Energy secures UL certification for the SolShare; a world-first sharing technology for rooftop solar

Allume Energy is pleased to announce that their SolShare technology is the first Power Division Control System (PDCS) to become UL certified. The SolShare is the world's first behind the meter solar...

Read more
Card image cap

30 Aug 2020

Innovation is sexy, even if it’s not all ball pits and sleep pods

Throughout my career, I have noticed that junior development engineers always seem to be asking for opportunities to design a new circuit board or a new mechanical widget, and can...

Read more
Card image cap

26 Jul 2020

T is for Team as much as it is for Technology

When becoming a CTO for the first time I thought hard about the following questions: What are the responsibilities of a CTO? What makes a good CTO?   Some months...

Read more