Good news about bad weather and Reposit

15 Sep, 2017

Reposit is rapidly becoming acknowledged as a unique and game-changing element in solar battery storage value optimisation.

Reposit Power‘s  intelligent and responsive software is ideally suited to Tasmanian conditions, making the most of both our weather patterns and Tasmania’s Time of Use (TOU) Tariff (Tariff 93).

In Tasmania electricity TOU prices are cheapest between 10am – 4pm, and from 9pm – 7am the following day Monday – Friday, and all weekend (as shown in green the diagram below).

ToU

Figure 1: Tasmanian ‘Peak’ and ‘Off-Peak’ Times

Reposit software enables battery storage owners to takes advantage of the TOU tariff by using advanced algorithms to automatically charge the battery during cheaper off-peak times.

What’s more,  Reposit only does this when its weather forecasting calculates that the solar system won’t provide enough energy to the battery to cover predicted usage during the next day and evening.

Without Reposit, many solar batteries will not fully charge from the solar on a cloudy day, which wastes unused battery capacity.

The good news about Reposit  is that grid-connected solar battery owners with a TOU plan will have a lower electricity bill because the battery will be fully charged from either the solar or off-peak grid rates when there is not enough sun.

 

How Reposit can lower your Energy Cost

 

Contact us today to learn more about how Reposit can help optimise your energy efficiency and system value.


0% Finance: TEELS for Small Business

31 Aug, 2017

Offering interest-free finance on energy-efficient purchases between $10,001 and $40,000, TEELS for Small Business is now available.

TEELS for Small Business is a joint initiative of the Tasmanian Government, Aurora Energy, and Westpac.

$20 Million have been allocated to provide the opportunity to apply for an  interest-free business loan specifically for the purchase of energy efficient products, including:

  • Solar Panels
  • Solar-powered Battery Storage
  • Gas/Air-source Heat Pump and Solar Hot Water Heating Systems (e.g. Sanden Eco)
  • Non-ducted Reverse Cycle Air Conditioners (min. 2.5 star energy efficiency rating)
  • Fridges, Freezers, and Washing Machines (rated above 3-star energy efficiency rating)
  • Industrial Refrigeration
  • Lighting
  • Double Glazing
  • Ceiling and Floor Insulation
  • Condensation Control Systems
  • Efficient Wood Heaters
  • Block-out Curtains, Blinds, and Pelmets
  • Irrigation Pumps
  • Building Upgrades to reduce energy usage

The repayment period for small business is up to 5 years.

It is recommended that independent financial advice is sought prior to application to ensure TEELS is appropriate for your circumstances.

How it works:

  • Review TEELS information, Terms & Conditions and FAQs available on Aurora’s Website
  • Source a quote for your desired product/s
  • Submit your TEELS application request  (you may begin the process for this loan application here)
  • When you submit your TEELS request, Aurora will provide your dteails to Capital Finance Australia Limited (subsidiary of Westpac Banking Corporation)
  • Within 7 days of receipt of your application, you will be contacted by telephone by a representative of Capital Finance to discuss your application.
  • Capital Finance will request information required to omplete your application, including the product quote/s you have sourced
  • If your loan application is approved, you will be notified in writing
  • You will need to sign Capital Finance Australia Limited’s lending Terms & Conditions
  • Arrange installation with your chosen installer. You will need to provide a copy of your written finance approval to your chosen installer.
  • Your installer will provide a tax invoice to you and to Capital Finance. You need to retain this original Invoice for warranty purposes, and to send a copy of the Invoice to Capital Finance.
  • Your products can be installed. Once installed, you confirm that installation has been completed by signing a delivery/installation receipt
  • Capital Finance will then make payment directly to your chosen installer

 Websites that may be helpful include:

Tasmanain Government Tips for Businesses
Australian Government YourHome Energy Overview
Aurora Energy Saving Hints & Tips
Product Energy Rating

STCs

28 Jul, 2017

Small-scale Technology Certificates (STCs) form the basis of a government financial incentive to reduce the cost of ‘small-scale’ (<100kW) renewable energy systems.

The number of STCs allocated to each system varies according to:

  • geographic location
  • installation date
  • the amount of electricity (MWh) that is either generated (solar, wind or hydro) or displaced (solar or heat-pump hot water) over a specific period of time.

Sale of STCs enables the owners of small-scale renewable energy systems to recoup a portion of the cost of purchasing and installing a system.

The process of registering and trading STCs can be quite involved.

To save customers this inconvenience, many installers (including MODE) offer to process the STCs for an installation as part of their service to customers, and calculate the value of STCs as a discount (our ‘government financial incentive’) in their quotes.

The value of STCs has recently plummeted. To understand why, it’s helpful to know the context in which STCs are created and traded.

Value of STCs

The trading value of STCs is centred around Australia’s Renewable Energy Target, a government scheme introduced in 2001 and geared to ensuring at least 20% of Australia’s energy generation will come from clean energy by the year 2020.

The Renewable Energy Target is split into 2 parts:

  1. The Large-Scale Renewable Energy Target
  2. The Small-Scale Renewable Energy Scheme

Under the Small-Scale Renewable Energy Scheme, Renewable Energy Target Liable Entities (primarily electricity retailers) have a legal obligation to buy and surrender a specified amount of STCs on a quarterly basis.

The size of the market for STCs is set every year by the Clean Energy Regulator (the federal government body responsible for overseeing implementation of the Renewable Energy Target), based on how many small-scale renewable energy systems they expect to be installed for the year ahead.

This projection determines the number of STCs Liable Entities are obliged to acquire for that year, based on a percentage of the anticipated STC creation.

Current Market

As with any commodity, the price of STCs is driven by supply and demand, and may fluctuate on a daily basis.

While the STC market has been relatively stable for the past few years, significant under-estimation of the installation of renewable energy systems for late 2016/2017 has lead to a dramatic over-supply of STCs.

This over-supply has lead to a sharp drop in the price of STCs in recent days as Liable Entities have fulfilled their quotas for the second quarter, and the current STC surplus exceeds requirements for the upcoming trading periods.

STC Market Supply & Price, courtesy of Green Energy Markets

This means that the trend of lower STC prices is anticipated to continue for some time.

 

For further information, please see the Clean Energy Regulator’s Website or Green Energy Markets.


Tasmanian Energy Efficiency Loan Scheme (TEELS)

27 Mar, 2017

TEELS is a joint initiative of the Tasmanian Government and Aurora Energy to provide up to $10 million in the form of no-interest finance for the purchase of energy efficient products for households and small businesses.

Likely to be officially launched in early April, TEELS is designed to assist customers in purchasing energy-efficient appliances, including:

  • Solar Panels
  • Solar-powered Battery Storage
  • Gas/Air-source Heat Pump and Solar Hot Water Heating Systems (e.g. Sanden Eco)
  • Non-ducted Reverse Cycle Air Conditioners (min. 2.5 star energy efficiency rating)
  • Fridges, Freezers, and Washing Machines (rated above 3-star energy efficiency rating)
  • Industrial Refrigeration
  • Lighting
  • Double Glazing
  • Ceiling and Floor Insulation
  • Condensation Control Systems
  • Efficient Wood Heaters
  • Block-out Curtains, Blinds, and Pelmets
  • Irrigation Pumps
  • Building Upgrades to reduce energy usage

The application process will be facilitated by Aurora Energy, who are currently accepting expressions of interest. Those who register their interest will be kept informed via email of developments and the progress of the scheme.

You may register interest in this scheme with Aurora here.

 

Free information sessions regarding TEELS are being organised by the Tasmanian Renewable Energy Alliance where you will have the opportunity to learn about available technologies and talk to the experts.

Launceston: 5:30-7:30pm, Tuesday 4 April, West Tamar Council, Eden Street, Riverside (parking available)

Hobart: 5:30-7:30pm, Wednesday 5 April, Talbot Hotel, 131 New Town Road, New Town (parking at rear)

RSVP:    RSVP appreciated (not essential) to rsvp@tasrenew.org.au

More Info: Jack Gilding, eo@tasrenew.org.au, 0407 486 651

 

Westpac Group have been announced as the financial partner for the administration of this scheme, and finance will be subject to the Westpac Group’s standard terms and conditions (without interest).

This is an exciting opportunity for home-owners to improve the energy efficiency of their houses, and for small businesses to invest and reduce their energy bills.

 

Solar Installation TEELS

 


World-record SunPower X22-Series Panel

10 Mar, 2017

With a world-record 22.2% nameplate efficiency, SunPower X22-Series 360W solar panels have just been released for domestic customers in Australia.

SunPower X22-Series Cells

 

Sunpower X22-Series panels are made with third-generation SunPower® Maxeon® solar cells that are built on a solid metal foundation (rather than standard grid-lines) for high reliability and performance.

These panels are the highest efficiency solar panel available for residential customers in Australia today, and are still the same size as conventional panels.

 

If you’d like more information on the SunPower X22-Series panels, please don’t hesitate to contact us, or see Sunpower’s Press Release!


Bruny Island Home Battery Trial

29 Nov, 2016

MODE is thrilled to be involved in the installation phase of a world-first trial currently taking place on Bruny Island.

The $2.9 million project funded by ARENA is led by the Australian National University (ANU), and is focused on examining the potential for home batteries to play an active role in grid power management.

Up to 40 hybrid systems will be installed in homes on Bruny Island.

The innovative battery control hardware and software developed by one of our product partners, Reposit Power, will be used to monitor live data on customer energy usage, household PV generation, and even weather forecasts to predict how much energy will be generated and consumed by the household over a 24 hour period.

This information will then be used by sophisticated software developed by researchers at ANU to ‘negotiate’ the amount and price of power exchanged between individual home battery systems and the local network.

Researchers will use data collected from this trial to assess the impact of distributed, co-ordinated utilisation of customer-owned battery systems on stabilisation of local power supply, while still allowing customers to optimise their own energy consumption and benefit from contributions to the grid.

We’re keen to see where this innovative Australian research will lead, and what benefits such research may ultimately provide to home battery owners!

RepositAccreditedPartnerLogo_CMYK


Mode is recognised at Tasmanian Innovator of the year

01 Nov, 2016

MODE are delighted to announce that we have won the 2016 Innovative Tasmania Service Award in Hobart last week.

It was a wonderful opportunity to raise awareness for the Nzara Hospital Project, and to showcase how state-of-the-art technology can be so effectively utilised to make real, positive changes in remote and under-developed regions. We can all do our part.

Thank you for your support! 

photo-2edited


BOFA 2016 Innovative Tasmania Awards

24 Aug, 2016

This year MODE Electrical has been nominated for the BOFA Tasmanian Innovation Awards.

The nomination was based on an overview of a large stand-alone system designed and built here in Launceston specifically to provide Nzara Hospital in remote South Sudan with a reliable source of power 24/7. The system, monitored remotely from our local office, enables Nzara Hospital to provide critical services to its community in a climate of political unrest and uncertainty.

 

Tasmanian Breath of Fresh Air Film Festival

 

The BOFA Film Festival is a major annual Tasmanian Film Festival. Focused on ‘Inspiring positive change through Film’, the festival runs over 4 days (Thursday 10 – Sunday 13 November 2016). BOFA features and exhibits a diverse range of films – short films, documentaries, feature films, including a category dedicated to detailing Tasmanian Innovations.

Once nominated, determination of who wins a BOFA award is based solely on the number of votes received from the general public – you.

If you would like to support our submission, please go the the BOFA Innovation Awards page, scroll down to select Option 04 (Innovative Service Award), and click to vote for MODE.

It’s as simple as that! We thank you for all your support. 

 

 

We believe the story of life and hope this project has brought to a community with limited resources is really worth telling.

It’s a reminder of what can be done when we set our hearts, minds, and wills to strive for something greater than ourselves.

We live on a beautiful little island far away from devastating currents of political and social turbulence, but our shared humanity knows no boundaries.

 


MODE wins Tasmanian Telstra Business Award

26 Jul, 2016

We are absolutely delighted that MODE Electrical has been awarded the 2016 Telstra Business Award for Micro-Business in Tasmania. The fact that this prestigious award for ingenuity and innovation was presented to a small company with a huge passion for renewable energy is a win for the future of clean power generation in Australia. We are excited by the opportunity to represent our beautiful green State at the National Awards in Sydney on 26 August.

You can read the story in the Examiner here

We would like to take this opportunity to sincerely thank you for the encouragement and support which has made such an achievement possible.

Tas Winner2