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Allume Energy
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Developer of a behind-the-meter distribution technology that enables rooftop solar PV to be shared by multiple customers in the same building. Extends the benefits of PV to apartments/condos, multifamily housing and any multitenant C&I building.

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy networks

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Australia Richmond, Melbourne, Victoria, Australia
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Updated by Alex Marks at Allume Energy on 09/25/2019

Edited by Cleantech Group on 09/27/2023

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Date Company
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Date Partner Type
03/09/2020
Free Electrons Free Electrons
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Confirmed by Free Electrons
Incubation/Acceleration
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IPO INFORMATION

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Description

Date Investors Type Amount
08/30/2023 Elemental Excelerator Elemental Excelerator , The Schmidt Family Foundation The Schmidt Family Foundation (2)
Post-money valuation of
The bridge investment will be used to deploy its technology and bring rooftop solar to more than 4,000 residents in the Southeast U.S., beginning with solar projects in Florida, Georgia and Mississippi.
Structured Debt $1,500,000
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Products
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Product image Name Product status Revenue model Cost metrics

SolShare 100

A Solar Distribution System capable of sharing up to 100 Amps of solar electricity with up to 15 customers in the same building. In 230 Volt grids this is equivalent to 65kW of rooftop PV. In 120 Volt grids it is 32.5 kW.

Product Development Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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