Connecting buyers and sellers and removing inefficiencies.
Pragmatic. Accessible.
Long term value creation.
REN is an open technology platform accessible by any energy user or producer.
The whole point is that sometimes you are a consumer and other times the producer. REN allows parties to choose when and at what value they do that.
REN provides a secure marketplace for individuals and for groups, including groups of energy users who may be with a retailer or buying group.
REN allows customers of one retailer to trade with another customer of a different retailer (or an individual or business) without the first retailer losing their customer. Whist we are a disruptive player we can leverage that to deliver value to incumbents as well.
In other words, REN reduces customer churn and creates loyalty even for groups of established retailers. REN adds efficiency to the market place and removes the massive cost of customer churn by delivering value to the customer that they would otherwise not get from the retailer. So it is a win for all parties.
It also allows new players to trade directly with each other.
It promotes less waste and more value to be shared. It also has the impact of lowering overall power prices over time and substitution green electrons for dirty ones.
Solutions for business and government.
Multi-site, commercial energy users can source auditable, green energy from the best matching source, saving lots of energy costs and making money.
Government can buy from businesses and small producers alike. Businesses can deal with one platform and access a whole market of sellers all the time.
The REN platform and software abstraction layers use sophisticated data analysis mining, algorithms and predictive learning to optimise an electron’s existing and potential value, potentially more than once.
REN’s ability to find the best match gets progressively more and more accurate over time and with more users of the system. This value is distributed to the producer and consumer benefiting both.
Our capabilities come from a history of delivering on-target savings in excess of $200 million for customers. Now we are adding more value by allowing those customers to maximise the value of their surplus green electrons.
Our platform can add up to 35% greater returns to green energy very easily without even taking opportunities to access premium markets and future opportunities to convert electrons to other forms of storage and value exchange - such as green hydrogen.
An example of this could be surplus solar electrons on a commercial site are converted to green hydrogen, stored on site. They are then consumed by “filling up” a hydrogen truck or ship visiting the site at less than filling up at a service station or at port in another country. Cheaper energy - without all the transmission costs.
Efficient distributed green energy is far cheaper and makes Australia so much more competitive as a nation and gives a new export market. Better still, the customers such as shipping will come here to consume energy they otherwise would have bought in another country.
That energy will be provided by REN from a multitude of producers (big and small) making them money a bit at a time, day after day, for years and years. And you do not have to be a rocket scientist!
