Queensland Government invests $1.96million in Redback Technologies
AUSTRALIA, Tuesday 4th April 2017: Today, Australian renewable energy business, Redback Technologies, has welcomed two injections of funding totalling $1.96million from the Queensland Government to further advance technology developments.
Queensland Government owned electricity distributor, Energy Queensland, is investing $1.42million of staff and resources into a new smart monitoring initiative. Meanwhile, Government innovation movement, Advance Queensland, has awarded Redback Technologies and the University of Queensland a Research Fellowship of $0.54million in staff and resources to advance the development of smart grid capabilities.
Philip Livingston, Founder and Managing Director, Redback Technologies and Board Member of the Australian Solar Council said the partnerships with Energy Queensland and Advance Queensland, with the support of the Queensland Government, signals the next step in Redback’s evolution in delivering low cost, intelligent energy solutions for its downstream customers.
“The Queensland Government’s commitment to 50 per cent renewables by 2030 is delivering jobs and investment throughout the State. These partnerships mean those with the most relevant expertise are working on these projects and will further cement Redback’s vision to enable Australian households and business’ to be entirely powered by renewable energy all day, every day,” said Mr Livingston.
Energy Queensland Investment
Mark Bailey, Minister for Energy, Biofuels and Water Supply presented a keynote address at the recent Queensland Energy Storage Summit announcing Energy Queensland will deploy a team coordinator and two mid-level engineers into Redback’s team. The partnership will last three years with the aim of creating and deploying next generation monitoring solutions that will enable increased intelligence, safety and ultimately an increased volume of distributed renewables to be deployed on Queensland energy networks.
Energy Queensland’s staff will be co-located at Redback’s headquarters on the University of Queensland’s Long Pocket Campus, allowing for maximum cross pollination between EQ engineers and Redback’s engineering team. Energy Queensland’s funding follows EnergyAustralia’s AUD$9.3million investment in Redback late last year signaling a trend of utility companies taking interest in Redback’s suite of technologies.
Advance Queensland Investment
Advance Queensland has awarded Redback Technologies and the University of Queensland $0.54m in staff and resources as part of the Research Fellowship 2017 program to advance the development of smart energy grid capabilities with Redback’s technology.
The program will see three data scientists deployed to Redback Technologies with a core focus on making breakthroughs in data management, peer-to-peer energy trading schemes for sustainable cities, as well as knowledge management for microgrid data and micro-grid energy storage. They will be located at Redback’s headquarters on University of Queensland’s Long Pocket campus.