Gridcog Raises US$10m Series A Led by ABB to Scale Energy Flexibility Modelling
We've raised a US$10m (£7m) Series A investment round led by ABB, with participation from Axpo, DNV Ventures and VERBUND X Ventures. AlbionVC and the Clean Energy Finance Corporation, both existing shareholders, continue to back Gridcog through this round.
This is the next step in a mission we've had since day one: helping energy professionals make trusted, transparent decisions on the projects driving the energy transition.
Why this raise matters for the energy transition
Renewables now dominate new power additions worldwide. But a power system that runs mostly on renewables needs a lot more than solar and wind capacity. It needs more energy storage, more flexible demand, and more co-located and hybrid projects that make the best use of scarce grid connections.
That shift changes what “getting a project right” means. Developers, investors and operators are no longer just assessing a single generation asset. They're assessing how storage, flexible load, renewables and market participation interact behind one grid connection, across markets with different rules, tariffs and constraints.
Modelling that complexity well is hard, and it's becoming the difference between a project that gets funded and one that doesn't.
What Gridcog does
Gridcog is a platform for modelling energy flexibility. It gives energy professionals one complete, transparent platform to model generation, storage, flexible load, grid constraints, network tariffs and market participation, across the full lifecycle of a project from first concept through to investment decision.
To date, Gridcog has been used to model more than 16,000 energy projects across more than 40 markets. Energy professionals at organisations such as Octopus Energy Generation, Shell, Greenvolt, NextEnergy Capital, European Energy, Vestas and PwC use the platform to support decisions on project type, location, market and technology mix, including whether to pursue co-location, hybridisation, storage or ancillary market participation.
Gridcog was founded in Australia and now has offices in London, Berlin, Madrid, Perth and Melbourne.
Fabian Le Gay Brereton, CEO and co-founder of Gridcog, explains why transparency matters so much in this market:
“Most modelling tools ask you to trust a number you can't trace. Gridcog does the opposite: every assumption is visible, every result goes down to the interval, and it's all backed by rigorous deterministic computational modelling and mathematical optimisation.”
Backing from four global energy leaders
What makes this round distinctive is who's investing, not just how much. ABB, Axpo, DNV and VERBUND span industrial electrification, energy trading, project development and energy consulting: the parts of the industry whose own projects depend on getting these decisions right.
Fabian Le Gay Brereton said: “The strategic significance of today's round lies as much in who is investing as in the capital itself. Their collective backing is a signal that transparent, rigorous modelling is becoming foundational for the energy transition, not a nice-to-have.”
Pete Tickler, Chief Product Officer and co-founder of Gridcog, added that the demand behind this raise is global: “The demand we're seeing is global, from developers, utilities and energy majors who have outgrown the tools and processes that they started with and need something that works and is trusted across all their projects and markets.”
The investors themselves point to the same shift towards flexibility as the core modelling challenge of the next phase of the transition:
Stuart Thompson, President of ABB's Electrification Service division: “The energy transition increasingly depends on projects that combine renewables, storage and flexible loads, making accurate modelling more important than ever.”
Kaare Helle, Head of DNV Ventures: Gridcog turns weeks of spreadsheet-based modelling into hours of fast, transparent analysis, which he describes as a "natural complement to DNV's data and advisory expertise."
Henriette Wendt, COO of Axpo: "Data and models will be central to the energy future, and the partnership strengthens Axpo's competitiveness as customers design increasingly complex energy solutions."
Michael Strugl, CEO of VERBUND AG: "The ability to model flexible energy projects in a robust, transparent way will become increasingly important for the energy system of the future."
What this funding means for Gridcog customers
This raise lets Gridcog scale to meet demand that's already global: more markets, more asset types, and continued investment in the modelling depth that developers, investors, utilities and energy majors rely on for co-location, hybridisation, storage and flexible load decisions.
If you're modelling a project that combines storage, flexible load, renewables or market participation, and you need numbers you can trust rather than a black box, get in touch with the Gridcog team to see the platform in action.
