Founded by two graduates from the University of Melbourne, Allume began with the mission to extend the benefits of solar power to those who previously had no access. Starting with a focus on rural indigenous communities, Allume extended solar access via landlord-tenant power purchase agreements, targeting tenants experiencing financial stress. Their solution now extends these same benefits to multi-dwelling residents and commercial tenants through their unique electrical distribution technology.
Allume has developed a solution for facilitating behind-the-meter sharing of electricity generated from rooftop solar. This allows a single renewable energy production source to be allocated to multiple units within one building. Allume has also developed a software platform that communicates with the hardware, allowing automated billing of participants and detection of performance issues. Allume’s solution enables a functional Power Purchase Agreement model, with residents only paying for the power they consume from the solar, at a rate 20-40% less than their retail electricity provider.
What makes them special?
Allume’s novel solution unlocks an unaddressed market for solar, removing the barriers to entry for multi-dwelling residents, and allowing solar providers to service a new and growing market without reliance on export incentives.