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GO Energy Group pushes solar business forward

GO Energy Group pushes solar business forward

GO Energy Group (ASX:GOE) is advancing a solar installation deal with a leading electrical supplier while marking expanded distribution potential via an emerging energy storage industry partner.

GO has now placed orders for a number of energy storage units from Redback Technologies as part of an agreement to supply 1.1 megawatts of solar power products across 45 offices for L&H Group.

GO signed the deal with L&H in October GO was trading as Solco, establishing a partnering program to include L&H co-branding and vast distribution as well as GO products and services.

Joint marketing initiatives under the deal are expected to grow GO’s expanding retail energy and solar footprint as it pursues even further distribution potential through acquiring a stake in Redback.

GO’s recent move to acquire up to a 20% interest in Redback may prove prescient since the emerging energy tech supplier has just signed a new distribution agreement with L&H.

Under the deal, L&H will exclusively distribute Redback products in Australia and New Zealan, with some 28,000 Redback inverter units expected to be sold in the first three years of the arrangement.

GO is expected to benefit from its strategic partnerships with these two companies over the coming years as mutually advantageous marketing and distribution deals unfold. 

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