|4 October 2016|
EnergyAustralia is investing $9.3 million dollars into a new partnership with a pioneering tech company to develop revolutionary products for the renewables industry.
The partnership with Redback Technologies is aimed at developing new technology to help Australians take control of their energy consumption and is the first major investment by the EnergyAustralia’s NextGen business unit.
Andrew Perry, EnergyAustralia Executive – NextGen said: “With a Redback system customers can manage their energy consumption so they not only save money, but reduce their carbon emissions. We’re proud to be partnering with a company that’s driving Australian innovation in a way that’s good for customers and good for the environment.”
The Redback system will help customers make the most of the energy captured by their solar systems, making households less reliant on the grid and more independent.
Philip Livingston, Founder and Managing Director of Redback Technologies says the investment will allow Redback to continue developing smarter technologies.
“Our partnership with EnergyAustralia significantly accelerates Redback’s technology roadmap and strategic plan for leading the disruptive change required for mass adoption of renewables. Today marks a new day for the clean energy sector in Australia, and we at Redback could not be happier.”