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Home battery storage looks like a huge business growth opportunity, and one which is now really starting to take off:-
"Battery storage: the heart of the low-carbon home
Today’s billpayer faces a perfect storm when it comes to energy usage: soaring costs, energy uncertainty, and mounting climate concerns.
27 April 2023
4 Min Read
In the face of growing strains on traditional energy systems, consumers are increasingly turning towards renewable energy solutions, prompting us to speak with GivEnergy CEO, Jason Howlett, who elaborates on the pivotal role of home storage batteries.
While such a shift towards renewable energy is welcome, it’s not enough. Renewables are, by nature, intermittent. So, it is only when paired with an energy storage technology that billpayers can maximise the potential of their renewable system. Simply put, a home storage battery should sit at the heart of the low-carbon home.
Harnessing renewable energy reliably with home storage batteries
Last year, the UK generated a record amount of energy from renewable sources. Indeed, researchers found that 40% of the UK’s electricity in 2022 comprised solar, wind, biomass, and hydropower. (Representing a 5% increase from 2021).
However, there is no requirement that complementary storage batteries should be in place for these booming renewable projects. Indeed, while everyone is familiar with solar panels and wind turbines, awareness around home storage batteries is much further behind.
This lack of awareness is damaging in terms of both cost and carbon emissions. Many people are surprised to discover that, without storage, much of the energy generated by renewables can go to waste. In fact, it’s been reported that two-thirds of the world’s energy is wasted somewhere between generation and usage. And beyond the waste, a lack of storage means that homes can only use their renewable energy when weather permits. ..."
https://www.renewableenergyinstaller.co.uk/2023/04/battery-storage-the-heart-of-the-low-carbon-home/
"Battery storage: the heart of the low-carbon home
... Looking beyond renewables
The benefits of home battery storage go beyond renewables, too. For billpayers who can’t afford to invest in a full solar array or a home wind turbine, an energy storage battery can still deliver significant cost and carbon savings.
Many batteries are app-controlled and can be configured to charge strategically in line with smart tariffs. So, your battery will charge when energy costs and demands are low (such as overnight, when cheap rates are in place.) You can then run your home on clean battery power when energy costs are high, and the grid is under strain.
Even without renewables, a storage battery can still contribute to a low-cost and low-carbon home.
The evolution of battery storage – and its uptake
Fortunately, though awareness is still somewhat behind where it should be, we are seeing an uptick in home storage batteries. For instance, we at GivEnergy commission upwards of 1000 systems per week in the UK alone.
Perhaps most exciting is how advanced these systems are becoming. To use GivEnergy as an example, in 2018, our most powerful residential battery had an individual capacity of 5.2kWh. Fast forward to 2023, and we are on the brink of launching a combined battery and inverter in one integrated product, complete with a backup gateway with a capacity of 13.5kWh. Of course, all these batteries are scalable and can be operated in series to create larger capacity storage systems. ..."
https://www.renewableenergyinstaller.co.uk/2023/04/battery-storage-the-heart-of-the-low-carbon-home/
Hedgehog, are you on the payroll here? Me thinks thou doth protest too much.......
Travelcard,
Last year you recommended ARA as a "Buy" at 17p, and a "Strong Buy" at 13p:-
Travelcard Posts: 207 Price: 17.00 Buy
Interesting 11 Apr 2022 12:46
"Just stumbled across this shell. Looks interesting, unlike other shells in this space this one looks like it has a Board with sector investment and commercial experience. About to buy some."
Travelcard Posts: 207 Price: 14.50 No Opinion
RE: Looking for a potential Clean Energy Tech SPAC? Then think Aura 13 Apr 2022 18:54
"Agreed, that's why I like the look of this. It seems to me most SPACs are seeking to run renewable assets. Lots more opportunity in the supply chain. Decent BoD and knowledgable founding shareholder too."
Travelcard Posts: 207 Price: 13.00 Strong Buy
Reasons to buy sub 15p 27 Apr 2022 10:33
"Having read through the prospectus, I notice that the Directors are not being paid and will only receive any benefit should they complete a deal. I like this approach as too many shells have been ruined by Director fees and no deal being done. Moreover, these guys have warrants which are exercisable at 50% premium to the placing price. i.e 15p
I like the methodology here. Low cost base, i.e only the plc costs. To my mind it give investors a real chance of upside."
https://www.lse.co.uk/ShareChat.html?ShareTicker=ARA&share=Aura-Renew-Acq&page=6
Since then the investment case here has strengthened considerably:-
• We are about a year and a quarter closer to a deal.
• ARA's extremely low cash burn since listing has been RNSed.
• The valuations of RTO targets for shells have tended to become even more depressed.
And stock market conditions are still poor, tending to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like ARA.
So why complain about me recommending ARA as a "Strong Buy" at just 6.5p, a significant discount to its cash, and posting interesting, informative, & relevant research?
A "thank you" and "well done" would be far nicer, politer, and more appropriate ... perhaps accompanied by an apology for your own very duff initial recommendations here!
My only connection to the company is as a retail shareholder, and I've never even spoken to or otherwise communicated with them.
Did you buy high and sell low here, as you postings would suggest that?
GivEnergy is another impressive privately-held British energy storage and battery tech company, that could potentially RTO into ARA:-
"Empowering energy freedom for all
Cut your costs with smart green energy solutions. With GivEnergy technology, you can power your home or business cheaply and sustainably. Become part of a cleaner world."
https://givenergy.co.uk/
"Our journey so far
We’ve worked hard to achieve hyper-growth for GivEnergy, and that growth is reflected across our business achievements and our thriving product line."
https://givenergy.co.uk/our-story/
Seems like a lot out there, so would be good to get an update from the BOD which one they decide to go with. We are quickly approaching the 2 year requirement.
ARA's interim results, for its half year ending 30th. June, should be announced soon - they were released on 7th. September last year.
And that should provide an update on progress, especially if no intended RTO deal has been unveiled before then.