South Australian startup Oxamii launches distributed energy trading platform
Summary
Oxamii co-founder and chief executive Aaron Yew says the platform gives customers easier access to clean energy from nearby commercial and residential generation sources, which can be traded at competitive prices. Once a customer has joined, they are able to source energy from the renewable generators their collective have selected, which works on a preference algorithm using data from a household’s NMI (National Metre Identifier). “I think the element of social impact is important because it defines to us what community energy actually means.” Oxamii was established in 2017 by Yew, a former banking professional, and co-founders Luke Marshall and Ray Carclaw. The company aims to have solar and wind farms as well as other renewables on The People’s Grid within the next year and is working on developing a virtual powerplant with Circular Energy to connect households and commercial batteries. Oxamii is also in talks with national companies and organisations, including professional sporting codes, charities, and corporations about the expansion of their platform, with the long-term goal of branching into other states, territories, and later internationally.