Residential energy storage company sonnen is creating innovative solar-plus-storage products, aggregating distributed assets to create virtual power plants, and becoming an energy company that is shaking up the utility space.
Residential energy storage company sonnen is creating innovative solar-plus-storage products, aggregating distributed assets to create virtual power plants, and becoming an energy company that is shaking up the utility space, delighting customers in the process.
In the latest 12-month period, that investment helped Fenech cut his quarterly power bills to his four-bedroom, three-bathroom home by over $610 . In addition, since he powers his electric vehicle from the system about half the time, his annual savings on ‘petrol’ costs also exceed $1,000.
One reason he decided to take his nine year old family-owned business in this direction was that solar itself was already highly commoditized . Solar installation is a faster process with lower capital costs, he notes, but there is so much additional value to be gained by adding batteries to the mix that he has embraced storage as a key differentiator. Williams indicates that the battery is the most expensive part of the system, representing approximately 55% to 65% of the total costs.
sonnen’s CEO Ostermann explains that a critical part of making this value proposition work is the company’s proprietary Virtual Power Plant software, developed by a Berlin-based team of experienced specialists. The company’s software constantly observes critical parameters such as grid frequency and can manage each battery’s charge and discharge power separately if necessary.
And he enjoys the savings. He no longer pays a variable local utility bill. In fact, he doesn't get a bill from Energy Australia at all.
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