RedEarth’s monitoring system got a blink-and-you’ll-miss-it shout out on episode 14 of The Block this year, and we’d like to tell you a little bit more about it… Especially as we’ve actually upgraded from the software that was used during filming, and have a new and improved version.
With so many current and potential opportunities available to customers in how to monetise their energy, RedEarth has developed RedPi – a monitoring solution that connects to and reads the inverters in our systems and sends that data back to us.
With this data, we’ve created a simple interface in our app to make it easy for our customers to keep an eye on their energy usage, so they can make decisions to optimise their electricity using real-time information about how much solar energy they’re generating and consuming.
Ours isn’t the only app that does this, of course… but here’s where we go further and help our customers be their own power plant and make money from their electricity.
Through our EMU (energy monetisation unit) ecosystem, we can also help customers take advantage of unusual market conditions in order to make money from their excess solar.
One of the ways we do this is by trading energy using a smart algorithm which understands a customer’s regular energy usage, and predicts market conditions to export excess energy at the highest peak price to maximise earnings from feed-in rates into the grid. You can learn more about energy trading here.
Does energy trading really work? Well… one of RedEarth’s team members tested it and made over $200 in one day – and that was without solar panels, just through storing electricity in batteries and charging and discharging them according what the energy market was doing.
RedEarth’s Private Power Plant is still in its early stages, and we have plenty more opportunities for customers to monetise their energy in R&D – keep watching this space!
If you’re interested in checking out our monitoring system but don’t have a RedEarth system, you can still access a live demo of a system to see how it works. Simply go to Google Play or App Store to download the app, and register using your email. Once you are registered, you will be able to access the demo version from the home screen of the app.