• We’re wholly Australian-owned by more than 1600 shareholders
• We’re a new company, built from the ground up, motivated to transform Australia’s energy industry
• 50% of our profits are reinvested into our non-profit arm for community energy initiatives
• We’re the only energy company that’s a social enterprise
• We’re on a journey to supply power to our customers from 100% renewable energy sources – preferably community-owned
• Customer roof top solar
More than 60% (three times the state and national average) of our customers have roof top solar panels, meaning they meet some or all their energy needs with solar. Our solar customers’ energy exports (that is, the energy they sell back to the grid) provide up to 50% of our customers’ renewable energy consumption. • Grid connected energy
At present, like most retailers, the remainder of the energy Enova supplies to its customers is from the National Electricity Market, known as ‘the grid’.
This is generated from a combination of grid connected renewable energy sources such as solar, wind, biomass and hydro, as well as non-renewable energy sources including coal and gas. Enova is in the process of offsetting the carbon emissions related to this grid energy and following that will be providing 100% renewable energy by 2021.
• Our plan is to move as quickly as possible away from sourcing any non-renewable energy.
• From 1 October 2019 Enova will purchase National Carbon Offset Standard (NCOS) credits to offset the grid energy purchases from non-renewable energy sources. This will make Enova ‘Carbon Neutral’. We’ll update this page with details of our carbon offsets in the coming month.
• Purchasing energy from renewable energy generators via Power Purchase Agreements (PPAs)
• Enova’s own generation and storage (battery) assets
Enova’s offering will be 100% renewable by 2021 – perhaps even sooner.
Our five-year business plan - from launching Australia’s first community-owned energy company in 2016 to offering 100% community-owned renewable energy five years later – is quite radical and makes the difference in Australia’s energy market that’s needed for effecting real, community powered change.
In the meantime, we’re continually investing in and supporting local renewable energy generation and storage through initiating projects like solar gardens and microgrids.
This means we’re focused on building the capacity of local communities to generate, store and share their own energy – revolutionising energy in this country and building resilient and sustainable communities.
We are often asked whether we source electricity from biomass generated from burning forests. The simple answer is: no.
Enova, since its inception, has not and does not support deforestation as an energy source now or in the future and we take care that our commercial arrangements support this position. We do not support the destruction of native or any forests, and have signed the Position Statement Against Forestry Bioenergy.
We also actively advocate for elimination of this destructive practice.