EnergyAustralia, one of the country’s leading energy retailers, has announced a new partnership with Kiah Research Pty Ltd, part of the TCG Group, expanding its potential pipeline of new technology investments.
Under the agreement, TCG will introduce EnergyAustralia to opportunities with small and mid-size businesses specialising in new technologies targeted at energy efficiency and digital application management.
It’s the second significant tech announcement for EnergyAustralia in little more than a month, following its partnership with London-based Startupbootcamp aimed at fast-tracking exciting new start-up business.
“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,” said Andrew Perry, EnergyAustralia Executive – NextGen. “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.
Peter Fritz, Group Managing Director of TCG, said TCG would provide EnergyAustralia with exclusive rights to connect with its business network, comprising some 80 companies developed over almost 50 years. 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 of new technology start-ups.
“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 mid-size enterprises is critical for Australia’s future energy system.”
The agreement between Kiah Research Pty Ltd, part of TCG Group, and EnergyAustralia was signed at the Global Access Partners 8th Annual Economic Summit in the NSW Legislative Assembly Chamber.