Gridcognition has been announced today as one of eight Australian businesses to receive a share of $3.9 million in funding through the Ministry of Industry, Science and Technology. Read the full announcement on Business.gov.au here
Securing a total of $998k through the Accelerating Commercialisation programme, the largest award in this funding round, Gridcognition will be using the funds to significantly grow its product engineering team and to lead into its next fundraising round planned for later this year. Recruitment will begin immediately and as a fully distributed team, will be searching for talent from across Australia.
Co-founders Fabian Le Gay Brereton and Pete Tickler are thrilled to have been awarded the highly competitive government grant. “Australia is leading the world on the shift towards decentralisation, on track to have half of electricity generated locally, and that means we’re among the first to see the challenges and opportunities this presents.” said Le Gay Brereton.
“This funding will be invaluable in accelerating our international growth and give us the opportunity to start trialing our technology with customers in the UK, where we have already started working with an early customer, as well as the US, and Japan.”
Last year, Gridcognition participated in Startmate, Australia’s leading startup accelerator and raised a 675k pre-seed round from a number of Australia’s leading tech and clean energy investors, including the Clean Energy Finance Corporation.
Gridcognition is working with some of Australia’s leading energy businesses including Ausnet, Evergen, JetCharge and Ampol to plan and optimise a wide range of decarbonised, decentralised energy projects.
If you’re interested in helping Gridcognition accelerate the transition to a decarbonised, decentralised energy future, or know someone that could, there are open roles right now www.gridcognition.com/join-the-team