FCAS Explained: How to Get Paid to Help the Grid

This month, we sat down with Smart’s Solutions Engineer, Peter Whitehouse, to dive into the ins and outs of the Frequency Control Ancillary Services (FCAS) market. In this blog, we’ll explain what FCAS is, why it’s impor...

We are thrilled to announce that Smart Commercial Solar's new financial model has been featured by RenewEconomy! Our proprietary Pay-As-You-Go (or PAYG) solar model is revolutionising the way businesses can access and benefit from renewable energy. We are proud to be part of the growing trend of financial innovation in the solar industry, and we believe that our Pay-As-You-Go model will have a major impact on the way many enterprises use solar.

 

With our financial product, business customers can install large rooftop solar systems with zero upfront payments and generate 30-40% of their electricity needs at a fixed price, and at a discount to the grid. After a specified period, usually between five and ten years, the enterprise owns the solar system outright, resulting in virtually no cost for power generation for two decades. We believe that this new financing model will make commercial solar accessible for businesses, driving further demand for years to come.

Here is an excerpt, as published by RenewEconomy:

A new solar start-up is targeting the commercial-scale market in Australia with a financial model that allows business customers to install large rooftop systems for zero upfront payments.

Smart Commercial Solar officially launched its “proprietary Pay-As-You-Go solar model on Friday. It is the brainchild of Huon Hoogesteger, who describes it as a “financial product with solar attached”.

Hoogesteger says his scheme will allow businesses to generate the equivalent of 30-40 per cent of their electricity needs with no upfront payment.

The solar output is sold to the business at a fixed price, and at a discount to the grid.

At the end of a specified period, usually between five and ten years, the enterprise owns the solar system outright and can generate its own power for virtually no cost.  Since the installation has a guaranteed life of twenty-five years, Hoogesteger says this translates to two decades of power generation.

Access the full article here.

Written by
Huon Hoogesteger

Image CTA

Related Articles

All Stick, No Carrot: Incentivising Demand Management

This is a synopsis of the speech I gave at All Energy 2024 as part of the 'Demand management opportunities for industr...

Smart Company, News Room

Australia's New Mandatory ESG Reporting Requirements for Business

From 1 July 2024, Australia will introduce mandatory ESG reporting requirements for businesses.

News Room, Procurement & Finance

Agright's Off-Grid Farm Fires Up: Huon on ABC Radio

Recently, we electrified our largest off-grid farm system for our long-time client, Agright. Find out how the project ...

News Room

Back to insights & our latest articles

Back to Articles

Other Categories