Renewable energy tech startup Evergen has launched an intelligent home energy management system with the investment and technical backing of leading investment manager AMP Capital and CSIRO.
Leveraging the combined strength of solar and batteries with smart technology, the Evergen system continuously analyses and optimises home energy costs, always choosing the most efficient source between solar, battery and the grid.
In an Australian first, Evergen learns the power consumption patterns of each customer household and forecasts solar production based on analysis of local weather to build a picture of future energy flows to make smart decisions that reduce energy costs. The system is expected to deliver an additional 20 per cent saving on energy costs compared to existing domestic solar and battery solutions, and to extend battery life through use of its smart management.
The energy management technology was developed by CSIRO, which has granted exclusive rights to Evergen. CSIRO will continue to analyse and update the technology, which will be managed remotely by Evergen.
Energy scientist and Evergen CEO Dr Glenn Platt said the integrated energy management system is the gateway to smart homes of the future.
“Evergen is the first remotely-managed renewable energy centre for domestic use, offering Australians far greater control and choice over the way energy is used and distributed in their home,” he said.
“Distributed energy technologies such as rooftop solar are the biggest growth areas in the market globally, and upcoming new technologies will completely change a market that has operated the same way for decades. We are already working on a range of product innovations, which will add new options to the Evergen smart system during the next five years.”
CSIRO has researched solar and battery technology for years, and energy director Dr Peter Mayfield said the energy team is committed to the development of intelligent systems and tools that change the way Australians use energy.
“We are now seeing more consumers take control of their household electricity, intelligent systems allow them to do this with ease,” he said.