Incubator for energy tech start-ups

EnergyAustralia and Kiah Research Pty Ltd, one of the TCG Group of companies have signed a Memorandum of Understanding, to establish an incubator for energy tech start-ups, using the know-how of Energy Australia and the commercial nous of TCG.

This is a direct outcome of the GAP ‘Second Track’ Process and a good example of what practical, commercial outcomes can be achieved through involvement with GAP. The project was born within one of GAP’s consultative committees – the National Standing Committee on Energy and the Environment.

Under the agreement, Kiah Research will introduce EnergyAustralia to opportunities with small and midsize businesses specialising in new technologies targeted at energy efficiency and digital application management.

The agreement between Kiah Research Pty Ltd and EnergyAustralia was signed at the recent Global Access Partners 8^th Annual Economic Summit on Midsize Business in the NSW Legislative Assembly Chamber.

TCG Group managing director Peter Fritz said TCG would provide EnergyAustralia with exclusive rights to connect with its business network, comprising some 80 companies developed over almost 50 years.

“Energy is the bedrock on which civilisation has been built and it is the innovation and imagination of people that built our society,” Mr Fritz said.

“Linking EnergyAustralia and TCG in fostering access to markets for start-ups, small and midsize enterprises is critical for Australia’s future energy system” Mr Fritz said

EnergyAustralia Executive – NextGen Andrew Perry said EnergyAustralia’s NextGen business is like an incubator for new products and services that put customers in control of the energy they use – and their wallets.

“We supply the backing and the market reach to make great ideas for new energy efficient technology a reality.

“Our partnership with TCG will expand our access to a wider universe of exciting new start-ups; these are the businesses that in time will lead development of a modern energy system for Australia,” Mr Perry said.

TCG senior partner Peter Carre will lead the initiative. The businesses identified by TCG will also be eligible for the Startupbootcamp accelerator program, designed to fast-track development.