Introducing SolarShare 2.0: Senoko Energy’s Next Step towards Singapore’s Net Zero Green Energy Future

Senoko Energy has just unveiled SolarShare 2.0, a groundbreaking platform that allows individuals to trade solar energy on a large scale. This innovative peer-to-peer system is the first of its kind in the country, and is set to revolutionize the way we think about renewable energy. With SolarShare 2.0, users can now buy and sell solar energy directly to one another, eliminating the need for traditional energy providers. This not only creates a more cost-effective and sustainable energy market, but also empowers individuals to take control of their energy consumption. Senoko Energy is proud to be at the forefront of this exciting development, and looks forward to a future where clean and renewable energy is accessible to all.

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After the successful launch of the pilot project in 2020, SolarShare 2.0 is ready to revolutionize the energy landscape by providing businesses and households in Singapore with scalable renewable energy. Aligned with the government’s goal of achieving net-zero emissions by 2050, SolarShare 2.0 aims to enable businesses and households to access sustainable green energy 24/7 in the future, when green energy imports and battery storage become available.

This innovative peer-to-peer trading platform allows businesses and households to buy and sell their own solar energy at their preferred price, making it more accessible and affordable. Senoko customers can choose to buy energy from specific solar generators or from a community pool of excess solar energy.

Another key feature of SolarShare 2.0 is the ability for businesses and households to track the source, time, and price of solar energy over the grid, as well as measure and trace their energy consumption every half hour. This transparency empowers businesses and households to monitor their energy usage and make informed decisions to further reduce their carbon footprint.

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Eric Maka, President & CEO of Senoko Energy, said: “SolarShare 2.0 is one of our key decarbonization initiatives, along with our recent partnership with City Energy to jointly study the technical and commercial feasibility of hydrogen import and supply. These initiatives demonstrate Senoko’s strong commitment to helping Singapore achieve its net-zero vision.

James Chong, Senior Vice President of Commercial at Senoko Energy, said: “SolarShare 2.0 has been designed to empower businesses and households on their green energy journey by enabling them to use clean solar energy from fellow Senoko Energy customers. By allowing consumers to measure and trace their carbon footprint, they will not only be able to better understand how to be more efficient, but importantly, take control of their energy consumption.”

Chong further added, “With this initiative, we also aim to encourage property owners with rooftop space to install solar panels. By contributing excess energy to the grid that can be shared with the community, Singaporeans can contribute to strengthening Singapore’s energy security.”

Steve Hoy, CEO of Enosi, an Australian energy traceability company, said: “SolarShare 2.0 allows everyone to become an active participant in the green energy revolution. The platform’s intuitiveness paves the way for businesses and households to make intelligent decisions, enhance their energy efficiency, reduce their carbon footprint, and overall costs.

Our customers in Australia are already benefiting from access to solar energy for households and better returns from rooftop solar investments for businesses. Enosi looks forward to collaborating with Senoko and leveraging our combined knowledge of energy distribution and traceability on the path to a zero-carbon energy future.”

SolarShare 2.0 will be exclusively available to all Senoko Energy’s business and household customers from November 1, 2023. Businesses and households using the trading platform will be charged a platform subscription fee as low as S$5.40 (including GST) per month.

About Senoko Energy

Senoko Energy Pte Ltd has been delivering safe, innovative, and efficient energy supply to generations of Singaporeans since 1977. As a pioneer in power generation and energy solutions, Senoko Energy is integral to Singapore’s development, supplying about one-fifth of the nation’s electricity needs with its registered capacity of 2,644 megawatts (MW). Senoko Energy is owned by a consortium comprising Marubeni Corporation, ENGIE, The Kansai Electric Power Co. Inc., Kyushu Electric Power Co. Inc., and Japan Bank for International Cooperation.

About Enosi Energy

Enosi is an energy software leader backed by cleantech investors, including ReNu Energy (ASX: RNE). Its Powertracer product is a world-first mass-market scalable, clean energy traceability solution. Tracing carbon-free energy is quickly becoming the next global sustainability benchmark, and Enosi has built the platform to address this need and enable traceability from source to socket 24/7.

Powertracer achieves this by providing full traceability, allowing consumers to see exactly where their energy is generated. The platform matches units of energy produced by generators with units consumed by customers in the same 30-minute period. Enosi’s software uses scalable cloud-based technology to trace the energy from renewable sources, apply differentiated pricing, and reveal the true renewable content of the energy purchased. Powertracer is raising the bar as a pioneer of true zero, a new standard for sustainable renewable energy use.

Senoko Energy