Progress Report
2nd November 2015
Read Later
Following 3 months at ATP Innovations, Wattblock has moved into its new inner city location:

Level 3, 234-238 Sussex St 
Sydney NSW 2000

As part of Start-up Week, Brent did an Uber pitch to Daniel Petre of Airtree ventures. He also gave a lecture to the Entrepreneurship students at AGSM on Channels, Funnels and Growth Hacking. 
Customer Update
Wattblock's new tariff optimisation service identified an electricity tariff saving of 22% and a gas saving of 42% for a strata building in Manly this week. Simply switching energy retailers will save the building over $7,000 p.a. prior to implementing energy efficiency/solar. This is an upsell from a customer who had already purchased a 2 year energy reporting subscription from Wattblock.

We are also constructing our first "blended" energy efficiency and solar financing package for a strata building which stands to instantly exceed their share of the national carbon emission reduction target for every resident living in the building.

Good news from Wattblock's Brisbane/Gold Coast team who have completed their 6th strata energy efficiency assessment and are now adding solar to their go-to-market offering.

Market Update
New data acquired this week shows that Australia spends $37bn on electricity each year and 10% of this is consumed in strata buildings. We have revised our national target for energy savings out of strata buildings upwards from $1bn to $1.85bn (excluding solar) as a result.

Travel Update
Wattblock will be in Melbourne on Wednesday 4th November following up with contacts we met at Telstra's Vantage conference. We still have time to meet with people between 3 and 5pm.
Other Activities
  • Attended a presentation by Telstra's Chief Scientist at the Union, University & Schools club
  • Attended a workshop on employee share option plans at ATPi
  • Attended NICTA smart cities for startups speed dating event
  • Attended Australia China Business Council summit
  • Met with Saru, hot water optimization startup recently accepted into Startmate accelerator
  • Applied for an Advance Queensland Knowledge Transfer Partnership grant
  • Met with our accountant to fine tune our Xero setup
  • Attended an Impact Investment breakfast held by Innovation Bay
  • Had our Wattblock newsletters featured on the muru-D blog
  • Invited to speak at upcoming Owners Corporation Network AGM
Our customer engagement starts with a free report identifying energy waste in buildings. If you have not already done so, create a Wattblock Report for an Australian building. 

Brent Clark
CEO and Founder
Mobile: +61 (0)414 900 515


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