The Australian Renewable Energy Agency (ARENA) has awarded AUD 2.1 million (USD 1.6m/EUR 1.5m) in grant funding to Solar Analytics, an Australian firm developing smart monitoring for residential solar systems.
The solar energy software provider said the four-year project with ARENA will make it possible for 25,000 homes to get smart solar monitoring technology by 2020.
Solar Analytics says that its monitoring technology can lift by more than 15% the yield of a rooftop solar system. “We expect the increased energy yield resulting from Solar Analytics monitoring will translate to more than 300MW of additional solar generation across Australia, simply by optimising currently installed systems,” said Renate Egan, co-founder and director.
The ARENA grant comes used its AUD-50-million Advancing Renewables Programme fund targeting projects that reduce renewable energy costs and increase the use of such technologies.