MEDIA RELEASE - 5B's $33.4 million tech innovation program

Published: 17 January 2022


5B announces $33.4 million tech innovation program to accelerate delivery of ultra low cost solar

SYDNEY, AUSTRALIA: 5B, a pioneer in prefabricated, rapidly deployable solar solutions, today announced a $33.4 million technology innovation program to accelerate its delivery of massive scale ultra low cost solar energy for Australia and the world. The program will be supported by a $14 million grant by the Australian Renewable Energy Agency (ARENA) to help fund the project, under ARENA’s Advancing Renewables Program (ARP). The powerful 5B Maverick™ solution can deploy up to 10 times faster and can generate up to twice the energy using the same amount of land as conventional solar.* 5B’s Maverick solution is currently cost-competitive in a number of markets both within Australia and globally. This program is designed to leverage advanced automation to dramatically improve the scalability and cost of 5B’s solution, enabling end customers to benefit from clean, solar energy at AUD30 cents per watt installed by 2030. Roughly two-thirds of the $33.4 million investment will be directed towards the design and construction of a highly automated Advanced Manufacturing Pilot Line (AMPL). The other third will see robots installing 5B’s solar arrays using GPS-guided deployment (GGD) technology. Artificial intelligence-enabled solar installation represents a major advance in solar energy technology, making it faster, lower cost, more efficient and safer to construct new solar farms. 5B Chief Operating Officer Nicole Kuepper-Russell says: “This program will drive a step change in our automation capability and enable local manufacturing in Australia. We are grateful for ARENA’s support - investment like this is essential to realise the opportunity to build Australia’s reputation as a clean energy superpower, exporting cutting edge clean technology to the world.”
 

Media contact: Bernadette Jolley +61 404 311 044 bernadette.jolley@5b.co

 

About 5B

5B is a Sydney-headquartered clean technology innovator on a mission to accelerate the planet’s transition to fast, easy, ultra-low-cost clean energy by harnessing the full power of the sun. 5B has transformed the delivery of solar projects with its prefabricated, modular, scalable, rapidly deployable flagship 5B Maverick solar technology. It has a growing base of more than 50 customers served by a global network of 5B Ecosystem Partners. www.5b.co

About ARENA

ARENA is the Australian Renewable Energy Agency, established by the Australian Government in 2012. Its purpose is to support the global transition to net zero emissions by accelerating the pace of pre-commercial innovation, to the benefit of Australian consumers, businesses and workers. ARENA’s Advancing Renewables Program (ARP) supports a range of development, demonstration and pre-commercial deployment projects.

Acknowledgement of country

This media release was issued from 5B in Sydney which is on Eora land. In the spirit of reconciliation, 5B acknowledges the traditional custodians of country throughout the land we call Australia and their culture, identity, community and connections to land and sea. 5B pays respect to their Elders past, present and future, and extends that respect to all Indigenous peoples globally. 5B endeavours to learn from and build relationships with, along with reciprocate opportunities to, these peoples.


*Comparisons made with Single Axis Tracker installations of comparable size and geography.