Hello, Luz helps achieve the goal UE so he The real estate stock will be carbon-free by 2050. Progress in operational efficiency measures to reduce costs and the increased penetration of batteries in its customers’ photovoltaic installations are key to achieving the target of draw of this company.
The installation of batteries on residential roofs increased from 15% in the first quarter to 30% in May thanks to the fact that customers who install a battery next to their solar panels will not pay an electricity bill for five years. The business model of Hello, Luz is in line with the European Union target to achieve a low-carbon real estate stock by 2050; before, From 2030, all new-build homes must be equipped with solar panels.
Hello, Luzthe energy transition technology company that aims to decarbonize the economy expects its solar energy division to achieve this goal draw -the profitability threshold- at the end of the year, thanks to the transformation measures implemented by the company and which confirm the trajectory of operational efficiency, and thanks to the greater penetration of batteries in the photovoltaic installations of its customers, which has been established in a clear vector of profitability for the group.
In this line, Hello, Luz has been able to double its battery penetration from 15% in the first quarter of this year to 30% in May by guaranteeing that customers who integrate a battery into their photovoltaic installations will not pay an electricity bill for the next five years. The proposal offers customers the installation of plates and batteries with the aim of making optimal use of the energy that their roof produces during the day and that can be collected to be used and shared at night.
In 2023, Tesla chose Hello, Luz for the installation of its Powerwall household batteries in Spain. On the other hand, in March 2024. Hello, Luz has signed an agreement with Sungrow, a global leader in photovoltaic inverters and energy storage systems, with the aim of accelerating the energy transition in Spain by promoting the efficiency of distributed residential generation while generating savings for its customers.
So, Hello, Luz is redoubling its commitment to advancing distributed generation through active consumer involvement. In Spain, there are 10 million residential roofs available that could easily be converted into small producers of cheap, green electricity, which would mean bringing 50 GW of new distributed and 100% green generation capacity into the system. This figure could absorb 26% of Spain’s total electricity consumption, which, according to one study, would cover 100% of domestic demand. study carried out by Hello, Luz. The integration of batteries into photovoltaic installations is crucial to reach this scale and transfer the benefits of solar energy distributed 24 hours a day.
The solar division already showed good trends in the first quarter, with continued reductions in operating costs and improved efficiency. Hello, Luz has reduced its cost structure by EUR 30 million in 2023, allowing it to achieve a positive normalized Ebitda of EUR 3.1 million between January and March this year, compared to the negative result of EUR 14.9 million in the same period last year .
Holaluz: determined commitment to decarbonizing homes
The European Union wants to deploy sustainable energy and electrification in homes more quickly, a strategy that is in line with Holaluz’s business model. In this context, the NETWORK Directive III increases the commitment by the Member States so that the share of energy in gross final consumption from renewable sources increases from 32% to 42.5% by 2030. In addition, by that date at least 49% of the energy used by buildings must come from renewable sources, which will accelerate the development of the economy. own use.
On the other hand, thanks to the revision of the Energy Efficiency of Buildings Directive (EPBD) Member States have a deadline to develop policies that guarantee the installation of solar panels on European buildings. In the case of new residential homes and new covered parking spaces next to buildings, this deadline is December 31, 2029. In short, Europe has made a resounding promise to carbon-free real estate stock by 2050 and the main lever will be the installation of solar panels, which will be mandatory in all new residential buildings from 2029.