Australian renewable energy business Redback Technologies has received two injections of funding totaling $1.96 million from the Queensland Government to further advance technology developments.
Queensland Government-owned electricity distributor, Energy Queensland, has committed to $1.42 million of funding for 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 $540,000 in staff and resources to advance the development of smart grid capabilities.
Redback Technologies founder and managing director Philip Livingston 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,” Mr Livingston said.
“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.”
Queensland Energy Minister Mark Bailey presented a keynote address at the recent Queensland Energy Storage Summit announcing Energy Queensland will deploy a team co-ordinator 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 $9.3 million investment in Redback late last year signaling a trend of utility companies taking interest in Redback’s suite of technologies.