Allume is a MAP startup currently deploying new technology to enable multi unit residential buildings to share the output of a single PV system across multiple residences, without updating existing meters. This enables a low cost means of installing solar PV, combined with opportunity to utilise it when needed with minimal storage or export to the grid. Allume also have a unique commercial model – a pay for power not panels service – which enhances the attractiveness of the product for apartment dwellers and Owners’ corporations.
- Apartment block tenants and owner occupiers pay for the power they use from the panels at a rate of 20-40% less than their retail electricity. Revenue from the solar power purchase agreement is paid to the financier of the system.
- Allume’s proprietary technology allows residents of an apartment block to share a single solar asset on their common roof. The solution bypasses the regulatory overhead of an embedded network
- It allows for a flexible and affordable opt in opt out systems for residents. Meaning that residents are not committed to long term contracts.