Allume Energy has developed SolShare, a technology that enables fair sharing of solar energy from a single rooftop solar PV system among multiple dwellings in the same building. Led by CEO Cameron Knox, the company has an established market in Australia and is already providing around 2,000 apartments with clean, affordable energy globally. Allume is expanding into the UK and the U.S., running pilots and early projects in both markets. Its first U.S. pilot in Orlando showed average annual savings of $1,166 per apartment in the first year, including net metering credit savings. The company will soon begin installation of a second Orlando project, which will bring U.S. installations to three (the other site is in Jackson, MI). Allume expects new projects across the Sun Belt over the next year to prevent over 10,000 tons of CO2 emissions, equivalent to taking over 2,000 cars off the road for a year. Allume Energy, an Australian startup, develops the SolShare technology to enable a single rooftop solar system to distribute energy behind-the-meter to separately metered apartments, commercial units and retail strips. SolShare meters and apportions solar electricity so individual tenants can receive and be billed for their proportion of generation. The company is delivering a pilot that will install 487 kW of rooftop solar across 10 multi-unit properties owned or tenanted by The Salvation Army and other non‑government organisations, with the first site at The Salvation Army’s Glenorchy City Corps in Glenorchy, Tasmania. The Salvation Army will sign a power purchase agreement (PPA) with project financier Green Peak Energy and act as the building’s solar retailer, on-selling excess solar to tenants at rates cheaper than grid power. ARENA has provided $220,000 in funding toward the $1.04 million pilot project. If the pilot succeeds, Allume intends to roll the approach out across the not-for-profit sector.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2023