Redback Technologies receive $4m grant from QLD

The Queensland government has given Redback Technologies a $4m grant to continue its work on developing a smart energy monitoring platform. The grant has been awarded through the Advance Queensland Platform Technology Program. 

Redback Technologies

Redback Technologies - Redback Smart Hybrid Inverter
Redback Technologies – Redback Smart Hybrid Inverter (source: redbacktech.com)

The Brisbane based Redback Technologies advertise themselves as creators of “Advanced hybrid technology with battery manages and stores solar energy, which you can save for your own personal use or sell back to grid.”

The Fifth Estate is reporting that this could result in Redback hiring up to 109 new staff to help the development and manufacture of their ‘smart energy monitoring platform’ – a system which is able to deliver real-time power generation/usage information via apps or the internet and is also able to automate smart (IOT) appliances. It also manages solar and battery energy use depending on the weather, usage patterns, current tariffs the customer has, and so on. Obviously the project is not complete yet so we don’t have a full feature set but it’s really exciting to see something like this developed so close to home, and being helped by the government. 

Innovation Minister Kate Jones told a press conference:

“Redback Technologies is at the forefront of moves to make battery storage technology more affordable, with a system that will enable a reduction in energy costs for consumers and help to pump renewable energy into the grid.

“The $4 million Advance Queensland Platform Technology Program grant will lead to the development of a smart energy monitoring platform that will give customers the ability to instantly analyse and control energy consumption.” Ms. Jones continued.

Philip Livingston, the managing director of Redback, said that there will be macro as well as end user benefits as the business grows – pointing out that the more data they’re able to get on usage patterns, we will see a commensurate increase in efficiency of their systems: 

“The support of the Queensland government will enable Redback and our partners to create a platform ecosystem, using big data to drive better outcomes for energy users and energy businesses,” he said.

“This technology will benefit industries beyond energy.”

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