Sun Electric named to be one of the World’s Most Innovative Companies
In 2016, Sun Electric was named to be one of the World’s Most Innovative Companies in the Energy sector with heavyweights like Tesla and Toyota.
Singapore’s nickname is the Sunny Island, but the high cost of solar cells has been a barrier for those looking to harness the sun’s rays for power. In 2015, Sun Electric launched its SolarSpace initiative, which turns local rooftops into solar energy units and sells the power to consumers. As an incentive to join the program, Sun Electric gives the building owners a cut of the revenue, and installation is free. While a single rooftop covered in solar panels can’t do much for energy, by consolidating multiple rooftops, Sun Electric’s SolarSpace program empowers building owners to work as a network to move the energy market toward clean technology. In June 2015, the company had 2.5 MWp worth of solar installation projects lined up. One month later, it had increased to six MWp, with the company looking for additional roof owners.