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Gridcog

Gridcog is a software startup optimizing the planning and operations of distributed energy systems.

Backed by

AlbionVCAlbionVC

Raised 4.18M EQUITY on March 4, 2024

About

Gridcog provides software to model, simulate and optimise multi-asset, multi-site energy systems—solar, wind, storage, EV fleets/charging and flexible loads—using live market feeds to assess performance and commercial scenarios.

Mission

Gridcog is a London, UK-based clean energy software company led by CEO Fabian Le Gay Brereton. Its platform gives companies a holistic view of energy resources, including solar, wind, battery storage, EV fleets and charging infrastructure, and flexible loads across multiple sites and energy markets. The software helps users assess how existing solutions are performing, simulate the impact of market and project changes, and — using live feeds of energy prices and other market considerations — model projects across commercial scenarios. Gridcog says its platform is used by Shell, Mitie, and EY to manage multi-asset, multi-site projects across the UK, Europe, Australia, New Zealand, and Japan. The company raised £3.3M in funding led by AlbionVC and intends to use the proceeds to accelerate the energy transition across the UK and Europe by making clean energy investments more transparent, efficient, and commercially viable. Gridcognition develops software to plan and optimise a wide range of decarbonised, decentralised energy projects. The company is focused on enabling the shift toward local electricity generation and helping customers manage the operational challenges of decentralisation. Gridcognition plans to use its recent government funding to significantly expand its product engineering team and hire talent across Australia. Management intends the investment to accelerate international growth and to support customer trials in the UK, with plans to enter the US and Japan. The company participated in Startmate and works with Australian energy businesses including Ausnet, Evergen, JetCharge and Ampol. Financially, Gridcognition recently raised a $998k commercialisation grant and previously closed a $675k pre-seed round from Australian tech and clean energy investors.

Quick Facts

Founded

2020

Funding

EQUITY

Industry

Clean Energy, Energy

Team Size

11-50

Headquarters

Perth, Western Australia, Australia