carbonTRACK’s technology delivers the intelligent energy management systems that facilitate embedded networks, Virtual Power Plants and smart grids, enabling individuals, communities, businesses and countries to harness legacy and renewable energy and harvest the benefits.
Smart energy innovator carbonTRACK Ltd has secured a share of $25.1 million in innovation funding to accelerate the commercialisation of its ground-breaking Australian energy management technology.
carbonTRACK is one of 15 projects that received a total investment of $25.1 million, comprising $17.95 million from the manufacturing industry and $7.16 million from the Federal Government’s Advanced Manufacturing Growth Centre (AMGC) $30 million Commercialisation Fund. The investment was awarded by AMGC in consultation with all Industry Growth Centres, and CSIRO.
Melbourne-based carbonTRACK received total funding of $877,000 - including $428,500 in grant funds - to continue development and commercialisation of its mass market Smart Gateway which uses cellular & Wi-Fi communication to remotely monitor and control renewable energy assets and electronic devices and appliances. The carbonTRACK product maximises energy efficiency while minimising costs and CO2 emissions and supports virtual power plants, virtual energy networks and energy trading.
AMGC Managing Director Dr Jens Goennemann said Australia’s manufacturing industry was ready to get to work. “All 15 co-funded manufacturing projects are expected to generate higher-paying, more resilient jobs onshore, while providing significant export opportunities of high-quality Australian products abroad,” he said.
Smart energy innovator carbonTRACK Ltd has appointed technology veteran Brenton Spear as Chief Executive Officer to work alongside founder Spiros Livadaras to drive the company’s global growth.
carbonTRACK is an Australian company that is disrupting the energy sector globally by delivering patented technology which creates a decentralised energy ecosystem, connecting energy generators, energy distributors and energy consumers. carbonTRACK’s software is used by energy companies in Australia, New Zealand, South Africa, Botswana, Kenya, USA and the UK.
Mr Spear, who has been carbonTRACK’s Chief Operating Officer since 2019, has more than 25 years’ experience in running large technology platforms for major customer-facing energy technology companies including AGL and Energy Australia. He also held senior roles with National Australia Bank, ANZ Bank, Australia Post, Sensis, Amcor, Telstra and the Department of Defence. Mr Spear holds a Bachelor of Science (Computer Science) degree from RMIT in Melbourne, Australia.
Inverter and battery manufacturer SOFAR Solar has partnered with Australian smart energy innovator carbonTRACK to join the list of approved products for the South Australian Home Battery Scheme.
The partnership means that every SOFAR Solar battery sold through the South Australian Home Battery Scheme will come with access to the carbonTRACK platform.
Melbourne-based carbonTRACK’s smart energy management platform unlocks multiple revenue streams for Independent System Operators (ISOs), energy aggregators, renewable energy financiers and energy traders. By using highly secure cellular communication to integrate hardware, network infrastructure and control systems with its powerful machine learning engine, carbonTRACK provides low-cost, reliable and scalable energy intelligence and resiliency.