Japan’s Rinnai Corp has acquired Smart Energy, a photo voltaic and battery techniques provider, to strengthen its presence in Australia’s renewable vitality sector.
From pv journal Australia
Japan’s Rinnai Corp has introduced its entry into what it describes because the “hovering” residential photo voltaic and battery vitality storage market in Australia with the acquisition of Smart Energy.
Smart Energy sells and installs residential rooftop photo voltaic and battery vitality storage techniques, in addition to warmth pumps. The vertically built-in photo voltaic know-how firm has grown because it was based in New South Wales in 2016. Co-founder Elliot Hayes mentioned it’s now one of many largest residential renewables corporations in Australia, with 15 places of work and extra greater than 300 in the entire nation.
Rinnai, finest often called a provider of heating, cooling and sizzling water techniques, recognized Smart Energy as the best automobile because it seeks to diversify its operations and set up a place within the Australia’s rising residential photo voltaic and storage market.
“In Australia, the adoption of solar energy is accelerating quickly, pushed by the nationwide dedication to carbon neutrality, and the speed of solar energy techniques installations in indifferent homes is rising,” the corporate mentioned. “Due to market situations, nationwide insurance policies, and different associated elements, Rinnai Australia has lengthy thought of integrating photovoltaic into its operations.”
Rinnai Australia Managing Director Lucas van Raay mentioned the acquisition represented a major step ahead for each corporations, enhancing their capabilities and choices within the renewable vitality sector.
Van Raay mentioned that the mixing of Smart Energy’s experience in renewable vitality, customer support, and high quality photo voltaic PV techniques with battery storage “is completely aligned with our imaginative and prescient of delivering modern and environmentally accountable options to Australian households and companies … This strategic transfer allows us to speed up the adoption of renewable vitality applied sciences throughout Australia, providing absolutely built-in options that mix vitality effectivity with consolation and comfort home
Hayes mentioned the transaction marks a brand new chapter within the journey for Smart Energy.
“Our new partnership with Rinnai will permit us to achieve additional provide chain and leverage manufacturing experience to proceed to enhance the standard of the merchandise we are able to supply and the worth we are able to present to prospects. buyer,” he mentioned.
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