January 21 (Renewables Now) – 5B, a Sydney-based start-up providing prefabricated photo voltaic arrays, will obtain a AUD-14-million (USD 10.1m/EUR 8.9m) grant from the Australian Renewable Power Company (ARENA) to extend automation, the events introduced this week.
The grant helps a mission representing a complete funding of AUD 33.4 million, round two thirds of which will probably be spent on the design and development of a extremely automated superior manufacturing pilot line (AMPL). The stability will probably be invested in a GPS-guided robotic know-how for putting in 5B’s photo voltaic arrays.
The corporate’s 5B Maverick arrays are pre-assembled and pre-wired at a manufacturing unit, meant to permit speedy deployment. 5B is trying to scale back capital prices of a photo voltaic farm utilizing 5B Maverick arrays by 35% by 2023 and 70% by 2030, to AUD 0.30 per watt.
The corporate says 5B Maverick can deploy as much as 10 instances quicker and produce as much as twice the power from the identical land space in comparison with standard single axis tracker installations.
Based on ARENA’s announcement, 52 initiatives in Australia, the US, Latin America and India, exceeding 32 MW in complete capability, use 5B Maverick.
The company just lately introduced as much as AUD 40 million in funding for analysis and growth (R&D) to advance the Australian authorities’s stretch objective for extremely low value photo voltaic.
(AUD 1 = USD 0.724/EUR 0.638)