(Incorporated in the British Virgin Islands)

Green Solar provides solar power or photovoltaic (“PV”) based energy solutions and power storage batteries (“Power Storage Batteries”) for residential and small commercial customers in Australia. Through Green IOT Pty Ltd. (“Green IOT”), our wholly-owned subsidiary in New South Wales, Australia, we operate our residential and commercial rooftop solar and energy storage battery system retail and installation business. We manage the entire process from surveying, designing, permitting, installing equipment, final inspection, and connecting photovoltaic solar energy systems (“System”) to the power grid though we may choose to outsource part of this process to third-party service providers. Green IOT performs residential installations and commercial projects in the regions of New South Wales, Queensland, South Australia, Victoria, and Australian Capital Territory. Green IOT holds contractor licenses and is an accredited supplier, where required, in Australia.

We provide clean solar energy to customers at significant savings as compared to traditional utility-sourced energy systems. We have been selling PV Systems and Power Storage Batteries to residential and commercial customers through a variety of offerings, either directly through our own sales team, or through referrals from licensed energy retailer partners and our strategic partners. Following installation, a PV power system or a power storage battery is interconnected to the local utility grid. The energy usage for home or other buildings is then provided by the PV power system, and any additional energy needs are provided by the local utility. Any surplus solar energy generated by our PV Systems, including amounts in excess of battery storage, that is not immediately used by the customer is exported to the utility grid using a bi-directional local grid energy meter, and the customer generally receives a financial credit for the excess energy from their solar power system to offset future usage of energy from their energy retail company.

Recently, in response to requests from our existing clients, we have expanded our rooftop solar installation services to encompass the integration and installation of solar energy powered systems with high-power consumption appliances, such as electric vehicle chargers, heat pumps for swimming pools, household hot water systems, and duct air conditioners. We have also established a supply chain and developed the necessary know-how to be able to provide turn-key services for the installation and integration of high-power consumption household appliances.

Note: Net loss and revenue are in U.S. dollars for the 12 months that ended Dec. 31, 2024. 

(Note: Green Solar Energy Ltd. filed its F-1 to go public on April 15, 2025, and disclosed the terms: 3.75 million shares at a price range of $4.00 to $6.00 to raise $18.75 million.)