Leading renewables supplier and solar tech innovator join forces in first-of-its-kind domestic export-only deal
Renewable energy supplier and services provider Good Energy has partnered with British solar tech business GRYD Energy in an export-only power purchase agreement (PPA) that is the first of its kind for households in the UK.
The initial pilot sees Good Energy purchase the excess power generated by three homes in Cornwall fitted with zero-cost solar systems.
The partnership will see Good Energy customers receive clean energy generated from homes across the country in GRYD’s decentralised smart solar network. The deal is unique in being designed for a portfolio of domestic properties and is not dependent on using the same supplier for both exporting and importing energy.
GRYD’s PPA with Good Energy allows it to sell excess solar energy from its network to the supplier. This secures an important revenue stream for GRYD and supports its delivery of a low-price solar subscription to consumers, which carries no upfront hardware cost and is fixed and inflation-proof for 25 years.
Good Energy is a 100% renewable electricity supplier and leading innovator in clean energy services in the UK. This partnership is part of the supplier’s wider mission to expand its decentralised energy services, with a particular focus on solar. The company administers Feed-in-Tariff (FIT) payments for over 180,000 generators, including several large portfolios of domestic properties such as councils and housing developers. With the closure of the FIT scheme to new applicants, developers lost an important incentive to install solar on new-builds - an issue GRYD is now poised to address on a national scale.
GRYD is an industry innovator that is setting a new standard for residential solar with their launch of the UK’s first true solar subscription for new-build homes.
The business has flipped the traditional solar ownership model by funding, operating and maintaining smart solar and battery storage systems for new-build homes at zero upfront cost. This means developers and homeowners never have to pay for the solar panels and battery storage installed on their property - saving developers up to £10k in hardware costs per home and allowing homeowners to reap the bill-saving benefits of solar from day one.
As industry debate intensifies over the government’s potential mandate of solar on new-build homes as part of the upcoming Future Homes Standard, this deal highlights how innovation can lower the cost barrier for solar and accelerate residential uptake.
GRYD is on a mission to build the UK’s largest decentralised energy network and is establishing partnerships with national housing developers, registered providers and local authorities across the UK. GRYD is set to deploy its technology to 300 new homes in the next 12 months - with another 3,000 homes in the pipeline.
Mohamed Gaafar, CEO and co-founder of GRYD, said: “We’re proud to partner with Good Energy, a business that shares our commitment to accelerate the UK’s net zero future by making it simple and affordable to generate, use and share clean energy.Good Energy are true pioneers in the renewables market, and this agreement - the first of its kind in the UK - is further proof of their achievements in the space.
“The untapped solar potential of the country’s residential rooftops is a huge opportunity to accelerate the renewables transition. It takes working with innovative partners like Good Energy to unlock that progress. We’re excited to see our partnership grow as our network of GRYD homes expands across the UK.”
James Rees, Director of Product and Propositions, Good Energy said: “We know that decentralised, small scale power generation like rooftop solar has a huge part to play in decarbonising our energy system. Working with innovators like GRYD to find ways to accelerate the adoption of solar and lower the upfront cost barriers is a no brainer. We hope this first-of-a-kind agreement helps to do that.”