$1.9m funding for solar energy software company

Australian solar energy software provider Solar Analytics has received a $1.9 million grant from the federal government.

The company has received the funding through the Cooperative Research Centre (CRC) Program to Solar Analytics to provide ‘Integrated Smart Home Energy Management, Control and Data Visibility’. This software service will provide solar owners with even greater visibility over their energy data and the ability to closely manage their energy usage, get more value from their system and drive down their electricity costs.

The Smart Home Energy Management System is being developed in response to the unprecedented changes in Australia’s energy industry. The major issues identified by Finkel, AEMO, CSIRO and ENA include electricity supply constraints leading to a need for residential demand management solutions; distributed generation driving an industry-wide need for energy data visibility; and markedly increasing electricity costs, with consumers lacking visibility on how to manage or improve their position.

Solar Analytics will collaborate with a number of partners to deploy the innovative software platform, including energy utilities Ergon Energy and SA Power Networks, and research partner UNSW. The company will also partner with fellow Australian energy technology companies Wattwatchers and SwitchDin, and other local smart energy partners to deliver this innovative end-to-end customer solution.

Solar Analytics CEO Stefan Jarnason said, “We empower our users to navigate the changing energy landscape. The Smart Home Energy Management System will provide consumers with the holistic solution to maximise the value from their residential and commercial solar power system. We want to make living a solar-powered life simple and rewarding.”

The company provides solar energy management services for residential and commercial solar power system owners for more than 15,000 solar premises across Australia, New Zealand and the USA.