-The Aussie startup chasing ambitious CO2 displacement goal

Australian cleantech company UPowr today announced that they had surpassed 
2000kW install capacity for their residential solar business - the start-up's 
first major milestone on the road to making more electrified energy assets 
accessible to Australian homeowners.

UPowr customers are now collectively displacing an estimated +1.89 million kgs 
of CO2 every year, thanks to their solar power systems.* 

This milestone is a major step for UPowr on its mission to accelerate the shift 
to a world beyond net zero, by transforming the way our homes generate and use 
energy. 

By 2030, UPowr's goal is to displace over 7.5 Billion kilograms of CO2 from the 
atmosphere, by helping 1 million Aussie homeowners install clean energy 
assets.**

"I'm really proud of the team's effort in hitting the 2mW milestone. A big 
thank you to our partners who placed their trust in the UPowr business model. 
We're chasing 10mW next, and I can't wait to see what this team delivers," Stu 
Philpot, UPowr Co-Founder and CEO.

The estimated annual CO2 displacement volume, based on UPowr's 2000kW install 
capacity is equivalent to:

- 951,558 kgs of coal, burned 
- 808,450 Litres of fuel, consumed 
- 230,877,743 smartphones, charged 
- 4,394 barrels of oil, consumed 
- 229 homes, powered by coal.

To learn more about the UPowr mission, visit https://upowr.co/about  

About UPowr: UPowr is an Australian cleantech startup with a mission to help 
drive electrification and accelerate the global transition to an electrified 
energy system. 

Starting with solar, but soon to deploy an ecosystem of renewable energy 
assets, UPowr's platform enables clean energy to be democratised, distributed, 
storable and networked across the home, on-site storage and personal 
transportation.

*CO2 displacement calculated as kW installed x 4 x 365 x 0.65 kg per year. 0.65 
kg = average emission intensity of the grid in Australia, as at 2021.

** kW installed = ave system size (8kW) x 1 million households. CO2 
displacement calculated using the below formula.

Source:UPowr