GO energy today announced that Redback Technologies Limited has entered in to an exclusive distribution agreement with L&H Group for the distribution of Redback’s Energy Storage Solution.
Just last month GO energy announced its intention to acquire up to 20 per cent of Redback Technologies, an emerging energy storage business - subject to shareholder approval.
Under the Agreement L&H Group will exclusively distribute Redback’s innovative energy storage products in Australia and New Zealand.
It is anticipated 28,000 Redback Smart Hybrid inverter energy storage units will be sold in the initial three year term of the agreement and first orders under the agreement have already been placed.
L&H Group is part of the global Sonepar group of companies and is Australia’s largest electrical B2B distributor – with 30,000 customers.
GO energy Group CEO Adam Pearse said the company is aiming to be at the forefront of the development of the energy storage sector.
"The Agreement between Redback and L&H will rapidly expand the footprint of Redback’s innovative energy storage products utilising L&H’s vast distribution capabilities," Pearse said.
"Redback and L&H are both key strategic partners for GO energy Group, and we are excited to see the benefits of this Agreement unfold over the coming years."