Solar Insiders - a Renew Economy Podcast Redback revival, battery rebates and solar tax
May 30, 2024
Adrian Knack, CEO of Redback Technologies, dives into his company's resurgence in the home battery market. He discusses surviving challenges like cash flow issues and the importance of staff retention during tough times. The conversation highlights emerging battery rebates and the complexities of the proposed Suntax initiative aimed at benefiting renters. Knack also emphasizes community solar projects and the impact of educating consumers about technologies like Virtual Power Plants in shaping Australia's energy future.
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Redback's Resurgence
- Redback Technologies went into voluntary administration in March 2024 due to cash flow issues.
- They emerged two months later with a new backer, retaining all staff.
Navigating the Battery Market
- The Australian home battery market is challenging, with fluctuating sales and international competition.
- Consumers struggle to afford batteries given rising interest rates and cost of living pressures.
Policy Engagement
- Businesses should proactively engage in policy discussions to shape favorable outcomes.
- Being prepared with the right technology when policies take effect creates significant advantages.