Want a locally owned power company which sources locally generated supplies?
Newly launched energy retailer Enova is aiming to do just that, and the company held a community consultation/prospectus launch last Wednesday.
Enova chair Alison Crook AO says, ‘Our goal is to reduce carbon emissions by retailing renewable energy and by encouraging and facilitating the development of local renewable generation. We aim to be a model for other communities in developing a renewable energy future.’
Ms Crook also says that unlike other power companies, Enova also aims to provide educational programs on how to use less energy and how to use it more efficiently.
They are touted to be the first community-owned retailer in Australia, and say they want to reinvest profits back into the community/region.
To get started, Enova say they need to raise $3m.
Shares in the company start at $1,000. For more visit www.enovaenergy.com.au.