Community-owned, "Social Enterprise" Retail Energy Supplier Expands
October 28,2019
Enova Community Energy, an Australian retail energy supplier organized under the "community-owned social enterprise model" has expanded its service to all of New South Wales
Previously, service was limited to "regional New South Wales", on the Essential Energy network, with a recent expansion to Sydney, Newcastle & Wollongong
The supplier plans to expand South East QLD in 2020, then Victoria and South Australia.
Enova serves 6,500 customers
Enova is owned by more than 1,600 individual shareholders, "and has a long-term focus on ensuring that communities - including metropolitan suburbs - can generate, store and share their own energy."
"The company’s growth plans will deliver 50% of profits (after tax and reinvestment) back to its not-for-profit arm for community renewable energy projects, such as solar gardens and microgrids," the company said