Global Victoria is proud to continue their support of innovative Victorian companies like Future Grid who announced earlier this week they'll soon be entering the lucrative US energy market.
Future Grid – a developer of proprietary Smart Grid software that's been successfully implemented in electricity utilities across Australia, aims to help US utilities mitigate grid impacts caused by the transition to renewable energy by providing unprecedented visibility of their distribution networks compared to existing utility systems.
Using Future Grid, US utilities are able to feed their Integrated Distribution Planning process with high-resolution smart meter data that will result in a safer and more reliable distribution network.
Over the past five years, Future Grid has been globally recognised as one of the world’s best and most innovative new energy start-ups, including winning the Australian Technologies Competition, the Australian Utility Week’s Best Start-up Award, and being recently listed in Cleantech Group’s 2019 APAC 25.
The Melbourne-based tech company currently serves a number of Australian utilities such as AusNet Services, Western Power, United Energy, and SA Power Networks and has expanded to New Zealand with WEL Networks.
Strong interest in South East Asia recently led to engagement with utilities in Thailand, Japan, Hong Kong, and Singapore. Future Grid’s platform already manages 2x more transactions than Google per day, with 8 billion daily transactions occurring.
After years of software development and finetuning their product with utilities in Australia, Future Grid is entering the US energy market with the support of the Australian Federal Government to work with energy utilities across the country and take their vision of a decarbonised grid global1.
Global Victoria - championing the interests of Victorian exporters onto the global stage
Global Victoria has had a long-standing relationship with Future Grid who have joined us on several trade missions to the 2018 London Tech Week, 2018 CommunicAsia and the 2018 Big Data World mission to Singapore.
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1Source: Future Grid press release 24 April 2020