REDBACK TECHNOLOGIES TO SHAKE UP ENERGY INDUSTRY WITH NEW SOLAR-BATTERY STORAGE PRODUCT LAUNCH

Written on the 6 September 2017 by Ben Hall

REDBACK TECHNOLOGIES TO SHAKE UP ENERGY INDUSTRY WITH NEW SOLAR-BATTERY STORAGE PRODUCT LAUNCH

STARTUP tech company Redback Technologies has teamed up with EnergyAustralia to launch a new all-in-one solar and battery solution to tackle the biggest energy problems facing Australians.

The Redback Smart Hybrid System launch takes place a year after EnergyAustralia invested in the Brisbane-based company with the aim of providing more reliable, affordable and cleaner energy solutions to consumers.

With electricity prices at an all-time high in Australia, the innovative storage and energy management system heralds the next generation of solar technology for Australian consumers.

Pricing for the system starts at around $9,000 (including solar and battery storage). Based on annual household consumption of 8,000 kWh, the system could save a household about $1,500 annually, meaning pay-back after around seven years.

"We are bringing the new generation of Redback technology to market, giving Australians access to a seamlessly integrated hardware and software package that enables customers to save money by consuming more of the solar energy they produce on site," says Redback Technologies Founder and Managing Director Philip Livingston (pictured).

"This is an exciting time as there's never been a better opportunity for Australia's energy industry to take proactive steps toward a grid powered by renewables.

"With the launch of the second generation Redback Smart Hybrid System we are not only putting consumers in control of their energy, we're paving the way for a clean energy tomorrow that will benefit future generations."

The Redback Smart Hybrid System combines a solar inverter, battery enclosure and intelligent energy management software into a seamless package. When paired with solar panels and compatible batteries, Redback transforms a standard solar system into an intelligent energy management system.

The Redback Smart Hybrid Inverter has a 5 kilowatt (kW) power output. When combined with the Redback battery enclosure and compatible batteries, the system can store up to 13.2 kilowatt hours (kWh) of electricity, enough to meet 75 per cent of the average home's daily energy needs.

In automatic mode, the Redback Smart Hybrid Inverter stores excess solar in the battery. At times when there isn't enough solar available, the battery discharges, minimising draw from the grid to help keep costs down. The system is also capable of predicting household usage patterns and solar energy production using machine learning and proprietary algorithms developed by Redback.

One of the system's most attractive benefits is the Redback app through which customers can access, monitor and control their energy use from a smartphone or tablet.

"The Redback system is the next generation in energy storage and management with a sharp ability to learn and respond to how people consume their energy, based on their preferences," says EnergyAustralia NextGen executive Andrew Perry.

"This is the future of energy technology, created with one aim: to put the customer in the driving seat so they can decide how they use, store and even sell their solar energy."  

Perry says with electricity and gas prices at record highs, customers were increasingly demanding affordable, innovative technology that helps them manage their energy consumption.

"In the past 12 months, we've seen energy prices surge while in some states the lights have gone out," he says.

"It's no surprise there's growing appetite for new technologies with the potential to shake-up the energy sector. There's a revolution happening right now in energy and customers will say it's about time."

Redback is a Brisbane-based technology company focused on the development of low-cost, intelligent energy solutions for residential and business customers. Redback's market leading integrated hardware and software technologies capture, store and manage solar energy.

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Business News Australia

 
Author: Ben Hall

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