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.
Adelaide-based solar panel manufacturer, Tindo Solar, has reaffirmed its commitment to quality as consumers turn against cheap imports.
Tindo Solar CEO Shayne Jaenisch said the company – which is the only maker of solar panels in Australia – saw a surge in demand for quality solar technology during the pandemic.
“Consumer behaviour changed during COVID. They pulled away from buying products from Chinese-owned companies and moved towards quality Australian brands such as Tindo Solar, and Silicon Valley technology brand, Enphase,” he said.
“When COVID hit, our retail business grew 48 per cent and wholesale 70 per cent, on top of 25 per cent annual growth. We were also helped by high-ranked results from Choice magazine and Desert Knowledge in the NT, where our panel outperforms the competition by 10 to 50 per cent.”
Founder of fast-growing Brisbane solar company REA Global Michael Mrowka has called for national solar energy installation standards to defuse the “ticking time-bomb” created by unsafe or poorly designed solar installations.
“The safety issue is very difficult because governments have given out so many rebates for what may be potential fire hazards that this could be another ‘pink batts’ installation debacle,” he said.
“The problem with current solar systems is that when you pull the fuse in the street or you cut power to home, energy flowing from the solar system to the inverter is still live and can’t be circuit-protected. That’s why REA Solar focusses on the implementation of things like rapid shutdown and other safety requirements that will isolate the system should power to the home be cut.”
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.