Sydney-based eleXsys Energy has taken out the energy & renewables top gong at the InnovationAus 2021 Awards for Excellence in recognition of its IoT and AI tech for managing distributed energy resources.
The InnovationAus 2021 Awards for Excellence were presented on Wednesday night at a gala black-tie dinner at the Overseas Passenger Terminal in Sydney. The energy & renewables category was sponsored by Agile Digital.
“Gridtech” company eleXsys Energy won the award in this category. The Internet of Things and AI company has developed a compact rack-mounted device and proprietary software-as-a-service to integrate energy systems like solar and battery solutions.
The Sydney company’s solution includes features like voltage management, charging and discharging batteries and trading algorithms, helping to stabilise traditional energy grids as more renewable sources are added.
eleXsys Energy has researched and developed its own devices, which it began commercialising last year. It has a presence in the UK and Singapore and is looking to expand to markets in Europe, the Middle East and across APAC.
Brisbane company NOJA Power, which is manufacturing equipment for controlling and switching the electricity distribution network, and world-leading solar thermal storage tech developer Vast Solar were both highly commended in the energy and renewables category.
“As the whole world shifts towards environmental and social governance (ESG) frameworks, now is the time for Australia to accept its future in innovation and technology and focus on next-generation solutions in energy and renewables,” Agile Digital executive director David Elliot said.
“We’re pleased to support these Awards, to back the innovative companies that will help Australia build its own tech industry amid the fourth industrial revolution.”
With the federal government committing Australia to net-zero emissions by 2050, and many state and territory governments adopting more ambitious goals, there has been billions invested into green technology and renewable energy recently.
Energy and renewables tech is poised to disrupt virtually every sector in Australia, saving consumers and the environment.
New South Wales and Victoria now both have credible electric vehicle policies, while the ACT last year sourced 100 per cent of its electricity from renewable generators. The Western Australian government is also supporting the reshoring of battery value chains to take advantage of surging global demand.
In light of these political developments, innovative companies are working to decarbonise the global economy, developing products and services with massive export potential.
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