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
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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
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.