Brisbane renewable energy company, RedEarth, has signed a contract with a housing developer to provide a “virtual” power plant for thousands of homes powered by the solar energy collected from their rooftops.
Co-founder Charles Walker said the internet of energy turns homes with solar panels and batteries into a network that optimises the generation, transmission and utilisation of electricity.
Customers can generate and sell, trade or gift their stored electricity to other users on RedEarth’s platform, giving them an ongoing income stream, which would be first operated in Queensland.