Challenging the Industry
Ripe For Change
Australia’s Antiquated Energy Network
Australia’s electricity sector for the last 70 years is largely unchanged. It was designed as a centralised energy distribution system, where power is generated by large coal-fired power stations and transmitted over large distances to the end user.
The rise of solar has challenged this model with residential customers purchasing small-scale solar systems to insulate themselves from the ever-increasing cost of power.
A number of small energy companies have differentiated themselves by investing in renewable energy generation assets to mitigate the volatile wholesale spot price. These assets, such as solar farms, wind farms and pumped hydro sites however, are also built in remote locations maintaining the same centralised design and inheriting the same challenges.
Challenges of a Centralised Power Grid
Energy Losses
Transmitting power over large distances
The NEM is the largest transmission and distribution network in the world. Transmitting and distributing power over such large distances leads to massive power losses between point of generation to use by the consumer
Inefficienies
High network costs
Being the largest transmission and distribution network in the world it is very costly to maintain. These costs are passed on to the consumer at a cost up to 40% of the electricity bill.
Network Outages
The vulnerability of the poles and wires
Over the past 10 years, more than 97 per cent of outages across Australia’s NEM could be traced to the poles and wires that transport power to homes and businesses.
Innovation
Healm Energy’s Meshed Network
Healm Energy’s meshed network negates these challenges by generating power on the local distribution network. “Generation at point of use” will reduce the transmission and distribution costs incurred by the user. Each billing period the transmission and distribution costs are circa 40% of the user’s power bill.
The evolving construction of the Healm Energy Meshed Network sees us building the cheapest renewable power generation available in Australia. Our cost to generate and supply renewable energy is significantly less than our competitors.
AEMO are looking to use DER’s to not only support the grid, but to reduce the investment required in upgrading the current transmission networks. We are taking full advantage of this and becoming a significant generator and provider of renewable energy on the local distribution networks nationwide.
With zero cost to the off-taker for the installation of a renewable energy system, we will continue to lead and build significant generation capacity through DER’s and our meshed network and will become a clear disrupter to the industry.
