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.
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.”
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.”