ENOVA Australia’s First Community Owned Energy Retailer Svea Pitman Manager – Enova Community Sustainable Futures Convention March 2019 Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Overview • Enova’s Story • Community Housing • Social Enterprise Community Benefit • Solar Gardens • What We Do • Micro Grids • Reducing Carbon • Energy Education • Questions • Energy Equity • The Energy Industry, Carbon Emissions & NEM Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Enova Community Energy Ltd Alison Crook September 2018 enovaenergy.com.au
Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
• 2014 Bentley Anti CSG campaign • 2015 Feasibility Study > Business plan Retail Licence application + Prospectus • Capital raise: Late August to December 2015 ; 30+ events in region plus Sydney Brisbane and Newcastle • 1100 investors, 73% from region = $4m raised • 2016 set up systems : first retail customers • 2018 Sep-Nov Equity Crowdfund raised $1m • 2019 March = 5500 + customers Enova Community Energy Ltd Alison February 2019 enovaenergy.com.au
Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
How Do We Benefit The Community? � Retain OPEX and profits and over time energy production in Northern Rivers Region : 130 000 homes = $360+ million leaving each year � Create direct and indirect employment � Majority community owned � Half returns to social benefit projects to assist all to access renewable energy � Partner with communities to drive new model and more affordable energy for all Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
What Is A Social Enterprise? • An organisation created to further a social purpose in a financially sustainable way • Organisations with a social equity focus , changing the world for the better • They derive a substantial portion of their income from trade and reinvest profits back into the organisation or the local community. When they profit, community benefits. Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Why It Matters: The Difference • Driven by people who are committed to social benefit • Circular Economy - Keeping money circulating within communities and people supporting each other • Opportunity to live life with purpose • Social equity - paying fair • What consumers want Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Community Partnerships & Affordable Energy VISION • Communities powering themselves • Decentralised, Distributed, Digital, Democratic • Regional systems, self sufficient in energy HOW • Our licence allows us to sell across NEM (Vic aside) – Currently NSW Essential • Our back-office systems are scalable • We can shape relationships /partnerships to meet the needs of other regional communities • Partner with existing community renewable energy groups Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Regional Energy System • Partnership between the customer (now a producer/consumer), retailer & the network • Additional storage managed by networks • Smart technology managing network peaks • Microgrids/Embedded networks • Geographic communities largely independent • The customer shares in the savings of a lower cost network. Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
How Do We Reduce Carbon Emissions? � Focus on sale of renewable energy � Good FiT offer: encourage more renewable technology on homes & businesses � Support and facilitate community generation projects - VPP, solar gardens, micro-grids & CORE ownership models AND ….. Energy Efficiency & Education! Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Community Benefit Projects • Solar PV for Social Housing - OEH - NCCH project • Assisting community and other NFPs to access funds for solar PV : COREM : CORENA :Red Inc • Community owned Solar Gardens for renters & those locked out of home solar PV Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Education & Energy Efficiency • Volunteers recruited & trained for Energy Efficiency audits: Enova Energy Coaches • Provide information at stalls and events • Offer Energy Efficiency presentations to organisations, clubs • Other regions obtained training for Enova Energy Coaches – Coffs, Bellingen, Uralla, Newcastle • Repower projects www.repowerbyron.org.au Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Facts about the Energy Industry • Over a third of Australia's carbon emissions from burning fossil fuel • 86% of electricity in the grid from fossil fuel generation 100s Km away: • NEM Machine – est 1998 • Massive Distribution Loses • Big 3 all heavily invested in fossil fuel generation and CSG (…despite the current GreenWash …)
3 Components to the Australian Energy Industry • Generation • Distribution • Retail Enova 14 retailers serving residential customers Big 3 dominate with 91% NSW market – ‘GenTailers’ AGL, Origin, Energy Australia All involved in CSG and Fossil Fuel Generation
20 th Century Energy Model Generation Transmission Distribution Customer Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
21 st CENTURY ENERGY MODEL Regional Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
Competitive overview – solar offers Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
More About our Projects • Social Housing • Solar Gardens • Micro Grids (embedded networks) Enova Community Energy Ltd Alison Crook September 2018 enovaenergy.com.au
Enova Solar Housing Project Outcomes - 64kW on 27 houses, - 13 home energy efficiency audits - New model of tenant finance - Capacity building for all - Strong partner relationships
WHAT IS A SOLAR GARDEN?
How Will The Solar Garden Work? 1. Register your interest on Enova's website 2. Buy a membership in Solar Garden 3. Enova gives you a electricity credit on your electricity bill for the energy 'grown' in real time in your Solar Garden plot 4. Enjoy the environmental benefits of solar and the savings on your bill Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au
In Summary – Projected Savings SUBSCRIBE KW ANNUAL CREDIT app $1000 1 $180 - $230 app $2000 2 $360 - $460 app $3000 3 $540 - $690 Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au
Benefits Garden members • Cheaper energy bills High return on investment rate • Pay itself off in around 4-5 years • Take it with you when you move (EE only atm) • Ability to gift or sell your membership • Gift panels to someone to lower their energy bills Host Business • No cost for solar install and maintenance • Business receives discount off their electricity bill • Acting on Climate Change Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au
Micro Grid Byron Bay Industrial Estate Enova Community Energy Ltd Alison Crook September 2018 enovaenergy.com.au
What Can We Do As Community? Think about where you get your energy – are you invested in CSG? New Coal? … or a Renewables Future ☺ www.enovaenergy.com.au SWITCH TODAY! Get involved in local renewable energy projects - Solar on community buildings - Local solar farm options - work with Enova - Join a local renewable energy group –or set one up - Talk to your friends & family about renewables & Climate Action - Start a sustainable street program – Repower!! www.repowerbyron.org.au Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
As individuals what We Can Do at Home? Good news! It is not too late.... Start by looking at Major Home Energy Use • Cooling and Heating • Hot water • Refrigeration • Pools, Spas & Pumps Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
You Have The Power To ACT on Climate Change TODAY We don’t have to wait for politicians to take the lead Repower Today!! • SWITCH – to 100% renewable GreenPower • REDUCE - your power use • PRODUCE - your own power Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
LET’S CREATE CHANGE TOGETHER! QUESTIONS Enova Community Energy Ltd Alison Crook February 2019 enovaenergy.com.au
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