How is Enova making a difference as a Social Enterprise?
There are a number of key ways that Enova is making a difference as a social enterprise.
1. Generating local jobs and boosting local economy
Enova Energy is 100% Australian owned and operated – meaning we generate local jobs and boost the local economy. And you can rest assured to know that if ever you call to speak to us you’ll get to speak to a real person in your time zone.
We are proudly Australia’s first community-owned power company – a company that is about communities, customers and the welfare of our planet, not corporate profits.
Launched in 2016 in Byron Bay in New South Wales, today Enova is a thriving, fast-growing company that sells electricity to households and businesses all over New South Wales and South-East Queensland as of March 2021.
2. Reinvesting profits
As a social enterprise, Enova reinvests 50% of its profits back into community projects, energy efficiency and education.
The other 50% is shared amongst its 1600 individual community shareholders.
3. Supporting other community organisations
Enova supports or partners with other community energy organisations that have similar values at their core or whose missions align.
Organisations like Border Community Energy, Geni.Energy, Haystacks, Climate Council, Australian Ethical, HalfCut and NatureNSW to name a few (please check these are correct).
4. Supporting Community Energy Initiatives
Enova is really proud of being able to support in community energy initiatives which are driving and changing the shape of the way energy is generated, distributed and used in Australia.
Some of the projects we are particularly proud of are the Haystacks Solar Garden, The Beehive Project and Byron Bay’s Microgrid Project.
5. Support and drive for a community shift to renewables
Enova is proud to currently source up to 60% of our energy from our customers rooftop solar systems (the largest percentage of any retailer).
We purchase carbon offsets for any remaining amount of energy that we buy off the grid, so that we can proudly say we are 100% carbon neutral, while pushing toward our 100% renewable goals.
Enova invests in pilot initiatives alongside other partners, to trial and understand how community energy models can work to the greatest benefit of participants and shares its knowledge widely.
7. Energy Education
Enova’s not-for-profit arm Enova Community has a strong focus on reducing carbon emissions and providing education to people, businesses and communities around energy efficiency and sustainability.
You can read more about us, our story and how we came to exist by clicking here.
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