PassivSystems Limited (“PassivSystems”), a provider of intelligent connected energy services for residential homes and for optimising Solar PV assets, today announces that it has been awarded an exclusive contract with a wholly owned subsidiary of Macquarie. The contract will provide the monitoring of a significant ‘free solar PV’ roll-out campaign targeting an initial estimated 20,000 – 25,000 home portfolio of rooftop solar photovoltaic systems in the UK.
Macquarie will fund the installation of solar PV systems, providing free daytime electricity at no cost to the end users. PassivPro, the irradiance-adjusted solar PV monitoring platform from PassivSystems will remotely capture generation data and provide alerts of any intermittent faults, as well as in-depth analysis of the portfolio to safeguard these assets and maximise solar PV yields for Macquarie and their installers.
The exclusive contract allows PassivSystems to work with Macquarie and its installation partners to deliver the installation of free residential solar panels and monitoring on up to 1,500 houses a month.
The systems will generate a stable 20-year inflation-linked income through the Feed-In Tariff (“FIT”) subsidy scheme offered by the UK government. To ensure FIT processing is simple and that deadlines are met, PassivPro generates quarterly FIT reports containing the data required for the chosen energy company to process the FIT payment. Homeowners and tenants will benefit from having access to the electricity produced by the systems at no additional cost to themselves.
