Next Investors logo grey

Simble Solutions and MTA Energy announce Best & Less contract award


Published 25-JUN-2020 10:01 A.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Building on more than two years of strong collaboration in Australia’s increasingly competitive energy marketplace, Simble Solutions Ltd (ASX:SIS) and MTA Energy have announced that Best & Less has awarded MTA an Integrated Energy Supply contract, with SimbleSense as the Energy Management and Control system.

MTA Energy has been developing an Energy Supply solution for commercial and industrial customers based on integrating new and emerging Energy Management and Control technologies, onsite Solar PV and Energy Storage along with the MTA Electricity Retail capability.

The solution enables MTA to deliver to its client partners a low-cost electricity solution that is based on sustainable practices, while leveraging renewable technologies.

Clients are then able to establish a controlled and predictable path to a lower carbon emissions operation whilst simultaneously lowering energy costs.

MTA delivers these solutions in an open and transparent engagement model with its client partners, enabling those clients to actively shape the energy solution to their unique business needs.

This novel commercial approach is particularly relevant to the emerging two-way energy market opportunities where demand management and energy storage capability will yield significant benefits to customers and the network.

05 - SIS.PNG

Installation in 55 stores in New South Wales

The initial rollout will include the Best & Less Distribution Centre (DC) at Eastern Creek NSW, the Service Centre in Leichhardt and 55 stores in NSW.

The approach will involve an Energy Management System (EMS) across all the sites, based on Simble’s Energy & IoT Analytics Platform, SimbleSense.

This will also incorporate a solar PV installation at Eastern Creek developed in phases up to 1100kW with potential for future installation of Energy Storage System capability and an MTA retail electricity supply solution.

MTA will manage the overall energy solution implementation and its ongoing management via the SimbleSense platform which has been white labelled to MTA Energy and subsequently configured to MTA needs.

The initial phases of the project commenced in late 2018 with MTA utilising the SimbleSense cloud-based Energy Management system combined with Wattwatchers IoT devices to analyse load patterns and consumption at the DC.

This resulted in significantly enhance visibility of individual loads at the DC and consequently significant energy cost savings exceeding 30%.

The extension of this work to the additional sites, along with the inclusion of the MTA Retail Electricity Supply solution now enables Best & Less to monitor and manage the energy spend across its diverse multiple sites as a virtual single site.

This will enhance savings and accelerate the group’s sustainable outcomes.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.