Ashurst has advised AGL on its appointment as the sole and exclusive sales channel partner of Sunverge Energy, Inc (Sunverge), a US-based solar and storage system developer. The exclusive Australian channel arrangements represent an opportunity for AGL to offer its customers a cutting-edge Solar Integration System (SIS) which is designed to effectively and efficiently capture and manage solar power.

SIS units can be installed at homes and businesses and are designed to integrate with new or existing solar systems, building a "virtual power plant".  The SIS offers a range of services and functions including peak load management, dynamic load shaping and demand response.  The platform is designed to provide a range of benefits to residential consumers including electricity savings and backup power.
 
This partnering is accompanied by an equity investment by AGL in Sunverge. As part of the investment partnership, AGL will take two seats on the Sunverge board of directors, which will be filled by Andy Vesey (AGL Managing Director and CEO) and Alistair Preston (AGL Executive General Manager of New Energy).
 
Lead partner on the deal, Tanya Denning (Corporate) adds: "We are proud to have assisted AGL in making some of the best energy technology available on the market accessible to the Australian consumer."
 
Tanya was assisted by partner Alice Muhlebach (Competition); counsel Emma Butler (Disputes); with senior associate Megan Trethowan, lawyer Andrew Higgins and graduate Kathy Velos (Corporate).