The National Renewable Network provides a no-cost installation of solar panels and battery systems for residential and business customers, allowing them to purchase energy generated from their own systems at lower rates than traditional grid power. This approach reduces monthly energy expenses while contributing to a decentralized energy supply through a Virtual Power Plant network, enhancing local energy stability and sustainability.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
High upfront costs and complex financing options often prevent homeowners and businesses from adopting solar and battery systems, hindering the transition to renewable energy. Traditional grid power remains the default option, even though distributed solar generation could enhance local energy stability and reduce carbon emissions.
Solution
The National Renewable Network (NRN) facilitates the adoption of solar and battery systems by offering no-cost installation to residential and business customers. NRN partners with energy retailers, enabling customers to purchase energy generated by their rooftop systems at rates lower than standard grid power. This model allows customers to reduce their monthly energy expenses and contribute to a decentralized energy supply through a Virtual Power Plant (VPP) network. The VPP aggregates distributed energy resources to balance electricity supply and demand, reducing reliance on traditional grid infrastructure.
Target Audience
NRN targets residential and commercial customers seeking to lower their energy costs and adopt renewable energy solutions without incurring upfront capital expenditure.
Features
- No upfront costs for solar panel and battery system installation
- Reduced energy bills by purchasing solar-generated power at competitive rates
- Participation in a Virtual Power Plant (VPP) network to support local energy stability
- Option to purchase the installed solar and battery system at any time
- Eligibility for customers who pass credit checks with partner energy retailers
- Access to ongoing system maintenance and support through NRN's partner network
- Monitoring and management of the solar and battery system's performance