Episode 3: Momentum Energy and the Port of Brisbane

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Businesses that invest in solar now have the opportunity to share the benefit of excess solar exported with their additional sites. It’s done through Virtual Solar Sharing from Momentum Energy and was explored in episode 3 of Energy Matters. Roshan headed to Australia’s largest seaport, the Port of Brisbane, to check out their incredible solar installation. He discussed how they get the most out of their solar with Craig Wilson, Head of Sustainability for the Port of Brisbane.

About the episode

Many businesses across Australia have multiple sites. Some sites have ample room or roof space for solar panels, while others don’t. Roshan travelled to Pinkenba, Queensland. meeting up with Craig in the International Cruise Terminal, where they chatted about the Port of Brisbane’s goals and how they continue to mitigate their carbon footprint.

As the Head of Sustainability, Craig explained the Port’s net zero goals. To achieve Scope 1 and 2 emissions targets by 2030, various measures were implemented, including the installation of a substantial solar farm. Solar panels were installed across the International Cruise Terminal’s carpark. 800 kW of solar powers the Port, with the excess going into the grid.

Product Specialist Nick Amon from Momentum Energy gave us some insight into how other sites that do not have solar panels can benefit from the excess generation .

Momentum’s Virtual Solar Sharing (VSS) is available to multi-site businesses in VIC, QLD, SA, NSW and ACT. By offsetting usage at one site with excess generation at the other, you can benefit from a bill credit. Any excess energy not used by the sites in the network will be sold to the grid for a FiT. This could mean substantial savings for the business and an offset to the carbon emissions for the additional sites.

What is Virtual Solar Sharing and how can it benefit businesses?

Momentum Energy’s Virtual Solar Sharing (VSS) enables businesses with multiple sites to optimise their solar energy usage by distributing surplus generation from one site to offset electricity consumption at other sites within the same organisation.

Key benefits of VSS include:

  • Faster return on investment: Applying VSS across various sites in your operation can beat receiving a standard feed-in tariff for your excess solar.
  • Simplified billing: Credits for shared solar energy at your other sites will appear on your bill as a direct kilowatt-hour offset.
  • Reduced maintenance: A single solar installation can benefit multiple locations, streamlining operations.
  • Price certainty: When combined with a Momentum Fixed Price Variable Volume (FPVV) retail contract, businesses can enjoy fixed rates for any electricity drawn from the grid. This applies to large companies only.

By implementing VSS, businesses can progress their sustainability efforts, reduce energy costs, and demonstrate a commitment to renewable energy practices.