Ahem… Perhaps not so much, judging from the article we reference below…
And we just love how the word renewable doesn’t even appear in the text, anywhere, just ‘energy company’.
What a convenient time not to highlight that aspect of the business model, huh… Something that is usually front and centre of all the bullshit propaganda fluff pieces.
But now it has nothing to do with the company’s failure, right?…
And imagine the poor souls in the third world with barely enough energy to power one simple appliance, if that, who are expected to just leapfrog fossil fuels into renewables…
Dear oh dear…
SOURCE ARTICLE:
Another energy company collapses owing $10m as electricity crisis worsens
KEY QUOTES:
The company was based on the idea of grid sharing, with customers using solar panels and batteries that connected them and shared energy. In a statement to news.com.au, the administration firm Grant Thornton revealed that the company was struggling to stay solvent after its parent company collapsed. “As Social Energy Australia was in an early stage of its lifecycle, once the funding line from the UK parent company was withdrawn, it could not operate solvently in the market, particularly with the current volatility of wholesale pricing,” a spokesperson said.
“We’ve now seen seven electricity companies in Australia collapse already in 2022,” he said. “Between 2016 and 2019, just four electricity companies went down.”
Primate v. Climate 