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“Our large battery, designed and manufactured in Australia, captures the excess solar energy we generate during the day. This energy is stored overnight, allowing us to power our morning production entirely with it,” explained David Stuart.
David Stuart has revolutionized his business by shifting its operations to predominantly rely on renewable energy sources.
This transition has significantly reduced the electricity expenses for Colormaker Industries, resulting in savings of thousands of dollars each year. It has also provided the paint company with a distinct competitive advantage.
As energy costs continue to rise, contributing to increased living expenses, there is a growing demand for energy independence through the adoption of renewable technologies.
Energy bills threaten survival of small businesses
The report found 28 per cent of the 1,100 small business owners surveyed across the country had considered closing in the past year, and 30 per cent worried they might close within the next 12 months.
Cutting costs with solar and efficiency
“So, we bought a new compressor and over 12 months that led to a 23 per cent drop in our energy usage.”
David Stuart has implemented sustainable changes to his paint business, including the installation of a mega-shredder. Source: SBS / Sandra Fulloon
“We also bought a mega shredder. So, a lot of the cardboard that we had previously sent out to be recycled, we can now use on-site and give it a second life,” Stuart said.
“We’re now saving somewhere between $35,000 and $50,000 a year every year. That’s baked in!” he said.
Not a one-size-fits-all solution
“So for them [power] bill comparison may be a better option.”
Colormaker Industries rooftop solar array. COSBOA says solar may not suit all businesses. Source: SBS / Spencer Austad
However, Addison agrees with ACCI that ongoing economic pressures are testing small business owners “like never before”.
“Almost three-quarters of those surveyed also expect costs to increase again over the next 12 months,” Addison said.
Turning a profit amid rising costs
“Our big battery is a game changer. It’s an Australian innovation at its finest, and I’m absolutely passionate about it,” he said.
David Stuart said his paint business has improved both profits and sustainability by investing in battery storage. Source: SBS / Spencer Austad
Industry advocates report sales of big batteries are rising as upfront costs fall — by around 20 per cent last year alone.
