Australian owned One Stop Warehouse ranked 173 in the Asia-Pacific region’s high-growth businesses, for revenue and growth by Financial Times.
• Ranks 173 in Financial Times 2020 list of 500 high-growth companies in the APAC region
• One Stop Warehouse demonstrates revenues of 224.96M for 2018
• Innovation and technology grow a second successful energy retail company, Discover Energy.
One Stop Warehouse's exceptional results and fast growth demonstrates that the renewable energy sector is continuing on a path to a high growth future in the Australian market. High electricity prices, government incentives and consumer demand to shift home energy consumption to renewables, have helped solar panel wholesaler, CEO Anson Zhang build One Stop Warehouse into one of the fastest growing private companies in Australia.
The Financial Times ranking of 173 in FT's 2020 list of 500 high-growth companies in the APAC region is not the only time One Stop Warehouse has been recognised for its rapid growth and performance. It is ranked 16th in the fastest growing companies in Australia in 2018-19 in the Australian Financial Review's Fast 100 and Fast Starters list a few weeks ago. Industry market research group IBISWorld has also named One Stop Warehouse as one of Australia's 500 biggest private companies.
Anson Zhang first identified the potential for sales growth like this when he established his company in Perth, in 2013 with his co-founder Jeff Yu. Together they focused on building sales, developing fluid supply chains and training a knowledgeable team that could supply leading-edge product solutions and high levels of customer service to its rapidly growing customer base.
With this energetic focus on selling solar panels, inverters and batteries to retailers and rooftop installers have resulted in expanding the business across Sydney, Brisbane, Melbourne, Perth and Adelaide, as well as China, and it now employs over 100 people.
One Stop Warehouse made a $4.7 million after-tax profit on revenue of $244 million in calendar year 2018. The discrepancy between One Stop's calendar year 2018 revenue and its financial year 2018-19 revenue of $391 million illustrates just how big the solar panel boom is.
CEO of One Stop Warehouse and innovative energy disruptor Discover Energy remarked that the company's focus on the customer, development of strong supplier relationships and streamlined operational systems is continuing to boost its fast revenue growth. Anson commented, "This Financial Times recognition affirms that we're on the right track." "Despite the current adverse market conditions globally, we believe we have still have market opportunities, and can deliver the best solar product from across the globe to our customers with the talents of our One Stop Warehouse team.”
While successfully growing One Stop Warehouse, Anson and his management team are now focused on diversifying its growth with another Company; Discover Energy. He's reinvesting the profits on his vision that green energy retailing will be where the next high growth and profit opportunities will shift.
While Discover Energy is already a successful energy retailer, what makes Discover Energy unique is its proprietary Virtual Power Plant (VPP) technologies that the company has developed.
This software connects wirelessly with several leading manufacturer’s inverters.
A solar inverter is important to a solar electric power system because it takes the variable direct current (DC) output of a (PV) solar panel -photovoltaic and converts it to alternating 240V current (AC). This is the electricity that can be fed into your home to operate your appliances. If the energy is stored in a battery unit, Discover Energy's (VPP) software can work wirelessly with the system and knows the optimum time to sell your excess stored power from the battery back to the grid. The results are reported on an easy to use and read Mobile APP - the DE APP. This utilisation of battery storage, smart inverter and an intelligent trading platform with wholesale price predictions based on machine-learning algorithms revolutionises how homes generate, monitor and sell stored solar energy when it’s most in demand and when wholesale spot prices are high. The company’s new slogan "Goodbye power bills. Say hello to smart energy income." definitely puts a smile on faces of those customers who are already enjoying the income returns on this advanced technology.
Anson explains “VPP is not a new concept, but the DE innovation makes it unique. Our technologies can be likened to a “hand-brain” connection – the machine-learning algorithms being the brain of the system, and the wireless technology to charge-and-discharge home batteries being the hand that brings it all together. Consumers can expect to save money off their electricity bills. For consumers who actively invest in the value of their home with these solar technologies, they are the forward thinking consumers who make homes smarter and greener by transitioning from old-school electricity generation to a home that generates both energy and income.”
*Australian Financial Review https://www.afr.com/policy/economy/sun-shines-brightly-on-new-young-rich-lister-20190904-p52nwa
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