Planet Ark Power’s eleXsys technology receives funding boost from Federal Government
Author: Rachael Ridley
Planet Ark’s solar energy partner, Planet Ark Power, has been announced as a recipient of the Federal Government’s Manufacturing Modernisation Fund. The funding of $100,000 will enable Planet Ark Power to invest in capital equipment to expand production and assembly capabilities of its eleXsys® technology at its Queensland manufacturing hub.
The innovative technology platform eleXsys® will accelerate Australia’s transition to a clean energy future by unlocking the full potential of our electricity networks enabling the creation of urban solar farms across the rooftops of commercial businesses and warehouses.
What does eleXsys do?
As the electricity grid was designed to send energy in one direction, some technical challenges (voltage fluctuations) arise when large amounts of distributed solar energy from multiple rooftops are exported to the grid. In order to maintain voltage stability, limitations are increasingly being placed on how much clean energy can be fed into the grid. While this is in the best interest of consumers, it is also a lost opportunity as it restricts how much clean energy can be shared in our communities and impedes our transition to a low-carbon society.
eleXsys®, an advanced power electronics device with artificial intelligence, overcomes these restrictions by regulating voltage at the source, ensuring the safe export of clean energy into the grid. When used in conjunction with batteries, eleXsys uses artificial intelligence to export stored energy at peak periods, ensuring a faster return on investment for businesses and investors.
Why is this technology so important?
In 2019, The German Energy Agency (dena) and the World Energy Council recognised Planet Ark Power as one of the world’s leading start-ups in energy transition. Planet Ark Power’s eleXsys® technology was awarded for its potential to contribute to decarbonising electricity grids without expensive upgrades that drive up energy prices. The cost is borne by companies that benefit from the technology through reduced electricity bills and a new revenue stream from the export of surplus clean energy.
Until now, businesses were unable to export energy into the grid to make large commercial solar installations economically viable, creating no incentive for them to fill their roof spaces with solar beyond their onsite needs. eleXsys® enables businesses to transform under-utilised roof space into a revenue generating asset from which the whole community benefits through access to clean energy and reducing dependency on fossil fuels.
Australia has ideal weather conditions for solar and is already leading the world in residential solar installations. Unfortunately, this is not the case for commercial solar. With thousands of large, vacant roofs on businesses, warehouses and schools across the country, eleXsys® makes it possible for commercial and institutional building owners to contribute to building a clean energy future for Australia.
What can I do?
- Learn more about Planet Ark’s partnership with Planet Ark Power.
- If you work at a school or business and are interested in Planet Ark Power’s eleXsys® technology, contact Planet Ark Power.
- If you are interested in investing in eleXsys®, you can submit an expression of interest.
- Planet Ark Power technology integral to innovative microgrid project »
- Electric vehicles can help Australia transition to a low carbon society »
- BINGO opens new recycling centre in Sydney that is powered by solar energy »
- Bayside College returns to school with an A+ for sustainability »
- Regis Aged Care furthering its renewable energy commitment »
- Planet Ark Power presents at the 24th World Energy Congress »
- How one school in Queensland is saving 40% on their energy bills »
- Planet Ark Power and Regis Aged Care partnership to build a brighter future »
- Planet Ark Power Wins Global Energy Award »
- Planet Ark partnership bringing clean energy to schools »
- A power positive partnership for businesses »
- A power positive partnership for schools »
- California commits to 100% clean energy by 2045 »
- Ireland divests from fossil fuels in world first »
- How one employee implemented change that's good for both the business and the environment »
- Carbon Neutral Community Precincts »
- Car Dealership Installs State of the Art Solar Power Plant »
- Schools are going solar with Planet Ark Power »
- Australia's Tallest Engineered Timber Building to be Built in Brisbane »
- Spotted Gum and Ironbark Feature in ICC Sydney »
- Two More Wood Encouragement Policies Introduced in Western Australia »
- Kaikoura District Council Building Survives Major Earthquake Unscathed »
- Construction Commences on a 10-storey CLT Luxury Retirement Village in Sydney »
- National Centre for Timber Durability and Design Life Launched »
- Low Carbon Football Stadium Made of Sustainably Sourced Wood »
- Planet Ark Launches 100% Recycled Office Paper »
- Planet Ark Launches 100% Recycled Office Paper »
- Win a YEAR'S SUPPLY of Naturale Toilet Tissue »
- Taking Shape - South Australia's First Timber Apartment Building »
- 5 Photos You Can Take to Help the Environment »
- Marist College, Bendigo Wins Sustainability Category in the 2016 Australian Timber Design Awards »
- New Nelson Airport to Showcase Engineered Wood »
- Construction Milestone for World's Tallest Mass Timber Building »
- East Gippsland Shire Council Adopts a Wood Encouragement Policy »
- Landmark Timber Skyscraper to be Built in Amsterdam »
- Using Timber to Assist in the Transition to a Low Carbon Economy - A UN Report »
- First Shipment of CLT Arrives in Campbelltown »
- Official Opening of the Centre for Future Timber Structures at UQ »
- Come and Join us at SEE Sustainable Experience »
- Keeping Warm for the Planet »
- World's Tallest Mass Timber Building Is Underway In Vancouver »
- 57m Tall Timber Building Wins Competition In France »
- Fashionable Questions - Who Made Your Clothes and Where Do They End Up? »
- Maleny Wood Expo 20th Anniversary »
- Does Timber High-Rise Equal High Risk? »
- Norwegian Project Breaks Tall Wood Building Record »
- 2015 Australian Timber Design Award »
- Change Accelerates 'Wood First' Policies »
- New Year, New Products »
- Cleaner Transport »
- New Label Makes Recycling Easy »
- Awake to the Fun of Recycling »
- A Rock 'N' Roll Tree Day »
- Wise Words From An Eleven-Year-Old »
- The art of upcycling »
- Planet Ark Ambassadors Honoured »
- Turning Trash Into Treasure »