Weekend Austrailian story, page-2

For those who haven't seen it - Tim Boreham in 'Criterion' column wrote:

Greenearth Energy (GER) 6.7c Most of us have heard of “software as a service” and the “internet of things”, usually interlaced with jargon about disruption and new paradigms.

The next iteration, according to Greenearth, is “lighting as a service” or “the internet of lights”, although in more quotidian terms the rejuvenated geothermal explorer is about reducing the power bills of heavy industrial users.

After spinning out of the Gina Rinehart-backed Lakes Oil, Greenearth plugged away as a “hot rocks” hopeful, until a Victorian government ban on “fracking” put paid to that.

Hot rocks has gone decidedly cold anyway, so the Lakes Oil spin-off has morphed into a cloud-based provider of lighting systems that include remote monitoring and reporting functions.

Logistics giant Linfox cut its energy bill by 80 per cent after its facilities were retrofitted with Vivid’s LED-based units in September last year.

The Port of Melbourne claims a 75 per cent saving at Appleton Dock, so here’s to the Victorian government eking out a few more dollars for the taxpayer with its planned privatisation.

In the last quarter Greenearth secured a contract from a big poultry producer and another global logistics operator.

Greenearth chief Sam Marks describes the Vivid units as Ikea-like “plug in play” in that you don’t need to be an electrician to install them.

Under its “lighting as a service” model, Vivid plans to offer the units for no upfront cost, with the system paid for out of the client’s operational savings over a set number of years.

Who can resist something for nothing? Greenearth also has a one-third interest in NewCO2Fuels, which aims to use revolutionary Israeli technology to produce fuel from carbon dioxide and water using waste heat from industry.

Greenearth is chaired by former stockbroker Charles Macek, a former director of Telstra and Wesfarmers which, last time we looked, are valued somewhat north of Greenearth’s $20m market cap.

Becoming more and more bullish on this one.