Loading ...
Australia’s small businesses play a large role in the nation’s prosperity, contributing more than $500 billion to the economy and employing over 5 million people. Small businesses are a key component of local communities providing jobs, revenue, and essential services.
Australian entrepreneurial spirit has driven innovation and productivity, supporting the ongoing advancement of our economy. In the energy sector, small businesses and start-ups are helping to shape a brighter future for our nation, with sustainability and renewable energy initiatives leading the way towards net-zero targets.
We’ll be exploring the importance of B2B and small businesses in Australia, their impact on the energy sector, and how Altogether is helping communities build a greener future.
Small businesses are a crucial component of the Australian economy, with an industry value of close to $600 billion, and comprising one-third of the nation’s GDP. It is these businesses that support local communities, provide essential goods and services, and foster entrepreneurship, driving innovation and economic development. In recent years, small businesses have been hit hard, with many businesses closing and others concerned about business survival, and the pressure remains despite rising costs of living that affect both businesses and customers.
Although larger businesses with significant market share might not feel the impact as directly as small businesses, their relationships with B2B businesses are a major factor in success, as many corporations and enterprises rely on smaller businesses to support their supply chain. B2B business markets are significantly larger than that of B2C markets, with the former projected to be more than three times the size of B2C markets by 2028.
In Australia, more than half of the residential energy market share is held by just three retailers, limiting the choice of residents and innovation in the sector. Small businesses in the sector drive innovation and competition, particularly in green, renewable, and sustainable energy. It is these small businesses that can not only disrupt the market but also to support Australia’s Net Zero Plan by 2050 by prioritising clean energy. B2B partnerships between energy companies, technology providers, and service firms have been instrumental in accelerating the development and deployment of new energy solutions, particularly in areas such as renewable energy, energy storage, and smart grid technologies. Supporting small businesses in the energy sector can promote further growth and innovation that not only is kinder to the environment but also more affordable for consumers.
The mission of Altogether Group is to empower local communities by delivering renewable energy, data connectivity and essential services. We believe it is our purpose to forge our own path by keeping resources and jobs local, and as an SME, we deliver reliable and localised essential services, whilst also remaining agile in a way that larger companies are not able to. Additionally, we support local businesses and connect as a brand at a community level, which we believe is essential in developing and promoting sustainable power and water solutions across the country.
The energy sector is undergoing a profound transformation, driven by B2B business collaborations and the innovative contributions of small businesses. By fostering partnerships, supporting small business growth, and investing in new technologies, policymakers and industry leaders can help to create a more sustainable, efficient, and resilient energy future.
If you would like to learn more about how Altogether is supporting the economy and contributing to the sustainable development of communities across Australia, get in touch with us today.
At Altogether, we deliver reliable, localised essential services to over 500 communities across Australia. From world-leading recycled water systems to efficient embedded energy networks in high-rise communities, and smart grids in small communities, we're determined to do the right thing by our customers, and by the planet. As a multi-utility service provider, it’s our mission to make the world a brighter place, and we do that by offering sustainable power, water and data services.
