emhTrade Ranks In Top 100 At The International SET Awards

It is with great pleasure to announce that we have placed in the top 100 companies in the international 2018 Start Up Energy Transition (SET) Awards.

The prestigious SET Awards is organised by the German Energy Agency, in cooperation with the World Energy Council, to identify the most promising start-ups working on energy transition and climate protection projects and technologies around the world.

The awards will be presented during the Tech Festival held in Berlin, Germany 16-17 April 2018. The Tech Festival is the annual summit of the SET initiative, which brings together a global network of innovators fighting climate change.

“We are a young company working to develop technologies that will create a new kind of energy market, where consumers have greater choice and control over the power they consume. To make it into the SET Awards top 100 the first time we enter is a fantastic validation of our approach,” says Stu Innes, CEO of emhTrade.

John Carnegie, executive director of the Business NZ Energy Council, says emhTrade is further proof that you don’t have to go overseas to find bright ideas.

“We are delighted that one of our members has demonstrated its technical ability on the international stage. New Zealand is a liberalised market with intense competition, and so our businesses are always looking to test models that can deliver better energy outcomes for consumers.”

“Too often people look to international markets for their inspiration, but our people are just as smart – or smarter in some cases – as the rest of the world. emhTrade’s placing in the SET Awards top 100 shows that wherever you are in the world, good ideas still count,” says Carnegie.

emhTrade has just completed its first pilot project in New Zealand, working with 200 electricity consumers to better understand their motivations and behaviour with regard to renewable energy use.

“The 200 participants in our solar energy exchange pilot achieved a significant milestone, with 100,000kWh solar energy shared since the test programme launched in April 2016. That’s enough clean, green, local energy to make around five million cups of tea or power over 100 houses for a month,” says Innes.

We are now extending our trials with some of New Zealand’s largest distribution companies.

emhTrade Chief Commercial Officer Jamie Silk says the pilot group will be able to use cleaner, cheaper and/or more local power, according to their preferences.

 “The experience and insights of our test users, together with behavioural science and machine learning, will help us quickly improve people’s ability to achieve their personal goals,” says Silk.

By exchanging information with distributors throughout the trials, Silk says emhTrade will gain a greater understanding of the value that can be created for consumers and the energy system as a whole.

The next emhTrade trial project starts in May and is part of a series of ongoing grid pilots we are launching across New Zealand.