Global energy unicorn, 1KOMMA5° expands in Adelaide and strengthens Australian market by partnering with energy one-stop-shop “Kozco Energy Group”
- Kozco Energy Group, an Australian leader in renewable energy solutions, Air Conditioning and Electrical services joins European energy unicorn 1KOMMA5°.
- 1KOMMA5° is one of the fastest growing energy companies, growing its revenues by over 2000% from 2021 until 2023.
- 1KOMMA5°, having previously partnered with Natural Solar and Solaray Energy, strengthens its market presence in Australia, marking a significant step in advancing sustainable energy.
- This step will strengthen Kozco Energy Group’s product range, and major growth strategy offering the smartest holistic solutions to their clients. Including the soon to be released ‘Heartbeat’ energy management system.
HAMBURG, Germany / ADELAIDE, Australia, 5 February 2024 – 1KOMMA5°, the leading European platform operator for CO2-neutral energy solutions such as solar systems, air conditioning, heat pumps and EV charging wallboxes, has partnered with Kozco Energy Group, a leader in the Australian renewable energy and Air conditioning sector. This alliance represents a significant leap forward in Australia’s journey towards sustainable energy.
“Kozco Energy Group represents exactly the mindset, culture, and dedication we seek in a partner to expand our reach. This is a milestone in our mission to create a worldwide one-stop-shop for renewable energy solutions, now expanding further in Australia. Our existing partners Natural Solar and Solaray Energy were pivotal in shaping our market presence, and we’re now further solidifying our market strength,” says Philipp Schröder, CEO and co-founder of 1KOMMA5°.
Germany’s latest energy unicorn 1KOMMA5° is one of the fastest growing energy companies in recent years, growing its revenues by over 2000% from 2021 until 2023. The start-up aims to develop a global one-stop-shop for private and commercial customers, who want to use photovoltaic, air conditioning, heat pumps and electric charging at home as one integrated hardware and software solution.
Kozco Energy Group was founded in 2015 via a merger of Wayne Faranda’s renewable and electrical systems business and Danny Mudronja’s air conditioning company. Since then thousands of customers in and around Adelaide converted to sustainable energy solutions like PV systems, batteries, heat pumps, air conditioning, and EV charging wallboxes. By joining 1KOMMA5° group, Kozco can bring the start-ups entire product and software portfolio including the ‘Heartbeat’ energy management system to millions of customers in Australia.
“In 2023 we installed with a team of over 60 experts around 6,000 kW of solar, 4,000 kWh of battery storage and 1,000 air conditioning systems. To provide customers with great education and experience on renewable energy we’re expanding our interactive showroom at Croydon Park and will soon open a new location in Adelaide’s new ‘Building Ideas Centre’ at Grote street. On top of that, we look to continue to expand rapidly with the help of 1KOMMA5° into other cities in the very near future,” said Wayne Faranda, co-founder of Kozco Energy Group.
“Becoming part of the 1KOMMA5° group enables us to offer customers connected and fully integrated solutions instead of partial hardware components from different providers. Together with 1KOMMA5° we are uniquely positioned to accelerate the transition to CO2-neutral living in Australia and to bring advanced renewable energy solutions integrating climate control and dynamic electricity tariffs to thousands of Australian homes and businesses,” said Danny Mudronja, co-founder of Kozco Energy Group.
The Australian market has focussed mainly on adding solar to reduce energy and on feed in tariffs which continually change and have now reduced due to the solar saturation. 1KOMMA5°’s philosophy is to control the energy use in the home and business by moving energy use to lower cost times, by controlling energy usage by using renewable power when available, and to design the holistic energy solution.
Improving energy control will greatly assist the renewable energy target of 82% by 2030.Federal, State and local governments support the renewable transition by offering incentives improving return on investment.
1KOMMA5° now extends its reach in Germany, Sweden, Finland, Spain, Denmark, the Netherlands, and Australia. The start-up plans to further expand to also serve commercial and multi portfolio real estate owners in becoming less dependent on fossil energy.
For further press information and images visit https://1k5.link/press-kit.
1KOMMA5° is the provider of the “Heartbeat” energy software platform and creates a virtual power plant that pools and connects customers’ photovoltaics, electricity storage, heat pumps and charge points to the energy markets to increase the profitability of connected energy systems. The company also offers customers a one-stop-shop for the purchase and installation of individual and intelligent energy system solutions. To accelerate international growth, the cleantech startup acquires leading companies in the electrical sector with a particular focus on photovoltaic systems, charging infrastructure and heat pumps, and in return offers the entrepreneurs the use of its own software solutions, centralized services, bundled purchasing, growth capital and a reverse shareholding in 1KOMMA5° Holding. The aim is to develop a Europe-wide, market-leading hard- and software platform, that is capable of converting 500,000 buildings per year to climate-neutral power generation, heat and mobility. Currently, 1KOMMA5° operates more than 72 sites with around 1,900 employees in Germany, Sweden, Finland, Denmark, Spain, Netherlands and Australia.
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