
Allume Energy
Renewable energy technology company focused on grid sharing and solar as a service for australian communities.
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* | AUD10.4m | Late VC | |
Total Funding | 000k |
Founded in 2015 by Cameron Knox and Andrew Justo, Allume Energy is a renewable energy company that specializes in solar power solutions for multi-dwelling units.
The company developed the SolShare system, a power-sharing technology that allows residents in apartment buildings to share the electricity generated from a single rooftop solar installation. This system dynamically distributes solar power to connected units, optimizing its use and reducing electricity costs for residents. The SolShare technology is designed to be a behind-the-meter system, meaning it works with the building's existing electricity infrastructure.
Allume Energy's business model focuses on selling and installing the SolShare hardware in new and existing apartment buildings. The company partners with solar installers, building developers, and property managers to deploy its technology. By enabling access to solar energy for apartment dwellers, who have traditionally been excluded from the residential solar market, Allume Energy is tapping into a significant and underserved market segment.
The company has expanded its operations from Australia to international markets, including the United Kingdom and the United States. A notable milestone in its international expansion was a strategic investment from E.ON UK, aimed at accelerating the adoption of shared solar for flats in the UK.
Keywords: solar power sharing, multi-dwelling units, renewable energy, SolShare, behind-the-meter, apartment solar, energy technology, cleantech, electricity infrastructure, property technology