Key Investment Highlights:
- Unique Proprietary Technology: Flagship technology Powerhouse, offers AI-controlled predictive solar array and battery power to enable the use of continuous renewable base load power in remote locations.
- Consistent Financial Growth: Underlying engineering business provides stable base and financial platform to grow Powerhouse technology from, delivering 44% revenue growth in FY22, with Engineering consultancy services revenue category up 88% from strong recurring blue-chip customer base.
- Strong Industry Tailwinds: Recent passing of the US inflation Reduction Act, committing US$369 billion over 10 years to green energy related investments provides SOP with significant opportunities within the US market, whilst maintaining a significant addressable domestic market to execute upon.
- Significant near-term Newsflow: Recently announced the commercial agreement with Santos for the installation and field testing of Powerhouse prototype, with field trial initial results released in H1 FY23 and anticipated initial purchase orders in H2 FY23
