Australian company 5B was selected as the first recipient of funding under the Australian Government’s $1 billion Solar Sunshot Program. The company was awarded up to $46 million to expand local manufacturing of its prefabricated and prewired ‘Maverick’ solar deployment system. The technology aimed to reduce time, labour, and costs in utility-scale solar installation. The Australian Renewable Energy Agency (ARENA)stated the project aligned with national goals to scale up solar manufacturing and reach 1 terawatt of solar PV by 2050. The funding targeted a 25% reduction in 5B’s production costs and supported the manufacture of at least 200 MW of Maverick systems at 5B’s Adelaide facility within three years.
5B awarded Solar Sunshot funding to scale Maverick in Adelaide
Australia's 5B secured up to $46 million under Australia’s Solar Sunshot Program to boost Adelaide production of its Maverick solar system and reduce local costs by 25%.
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