Electricity retailer, Flow Power, has announced that it has signed ANCA, a market leader in CNC machinery and systems, as one of its first customers for its Renewable Corporate Power Purchase Agreement.
The agreement, one of the first of its kind in Australia, sources renewable energy from Ararat Wind Farm to allow ANCA direct access long term energy at wholesale prices. This renewable energy can be used in real time to offset grid electricity consumption, potentially saving businesses thousands of dollars in electricity costs and reducing overall emissions.
ANCA’s Group CEO, Grant Anderson comments: “At ANCA we are always looking for opportunities to reduce our impact on the environment and, as a manufacturing plant, the partnership with Flow Power to access renewable power will bring us tremendous benefits. This is a win-win helping both our business and the environment.”
“ANCA has succeed on a global scale by taking an innovative approach to manufacturing. We see Flow Power’s unique model of giving companies back the control over their energy costs as an approach that shares our core value of innovation.”
ANCA will buy its power from a renewable plant, accessing fixed rates for long term savings over a period of ten years. The agreement will buy a fixed percentage of wind and solar power directly from the renewable generator in real time, calculated at 30 minute intervals under a ‘take or pay’ arrangement, meaning that ANCA will only pay for what it uses.
Matthew van der Linden, Managing Director of Flow Power, comments, “We’re very pleased to welcome ANCA as a customer and as one of the very first companies to benefit from Flow Power’s Renewable Corporate PPA. This type of deal is a game changer. Finally, we’ll begin to see Australia to catch up with other international markets that have proven this model to be a success.”
“Flow Power empowers businesses to take control of their energy consumption. Our Renewable Corporate PPAs will open up the market to more Australian businesses and allow them to access lower power prices through agreements that have only previously been available to big corporations with the scale to negotiate one-to-one with large renewable plants.”
Flow Power’s Renewable Corporate PPAs allow businesses to benefit from lower power costs while reducing their carbon footprint and overall emissions.