Gridcog raises $10m Series A to scale energy flexibility modelling
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Gridcog, accelerating the global deployment of flexible energy assets, founded by Fabian Le Gay Brereton, Pete Tickler, Genna Boyle, and Matt Ryan, has 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.
As renewable energy becomes the dominant source of new power capacity worldwide, the next phase of the energy transition will depend on more than solar and wind. It requires greater energy storage, flexible demand, and hybrid projects that maximize limited grid capacity.
This is changing how energy projects are evaluated. Developers and investors must now assess how generation, storage, flexible loads, and market participation work together across increasingly complex regulatory and market environments. Accurate modelling of these systems is becoming critical to determining which projects move forward.
Gridcog provides an energy flexibility modelling platform that helps professionals evaluate complex energy projects by combining generation, storage, flexible demand, grid constraints, tariffs, and market participation in one transparent system.
The platform has been used to model more than 16,000 energy projects across 40+ markets, supporting decisions around project design, location, technology mix, hybrid systems, storage, and market participation. Gridcog works with leading energy companies and investors, including Octopus Energy Generation, Shell, Greenvolt, NextEnergy Capital, European Energy, Vestas, and PwC.
Founded in Australia, Gridcog now operates across London, Berlin, Madrid, Perth, and Melbourne.
“Most modelling tools ask you to trust a number you can’t trace. Gridcog does the opposite: every assumption is visible, every result is transparent, and every decision is backed by rigorous computational modelling and mathematical optimisation,”
Fabian Le Gay Brereton, CEO and Co-founder of Gridcog.
What sets Gridcog’s funding round apart is the strategic backing from four global energy leaders: ABB, Axpo, DNV, and VERBUND. Representing industrial electrification, energy trading, project development, and energy consulting, these investors reflect the growing importance of transparent modelling in the energy transition.
“The significance of this round lies as much in who is investing as in the capital itself,” said Fabian Le Gay Brereton, CEO and Co-founder of Gridcog. “Their support signals that rigorous, transparent modelling is becoming foundational to the future of energy.”
Pete Tickler, Chief Product Officer and Co-founder of Gridcog, added that demand is expanding globally as developers, utilities, and energy companies seek trusted tools that can scale across projects and markets.
Gridcog’s investors highlight the growing importance of flexibility modelling as the energy transition evolves. As projects increasingly combine renewables, storage, and flexible loads, accurate and transparent analysis is becoming essential.
Stuart Thompson, President of ABB’s Electrification Service division, noted that modelling will play a critical role as more complex energy systems emerge. Kaare Helle, Head of DNV Ventures, highlighted Gridcog’s ability to turn lengthy spreadsheet-based analysis into faster, transparent modelling.
Henriette Wendt, COO of Axpo, emphasized the role of data and models in designing future energy solutions, while Michael Strugl, CEO of VERBUND AG, pointed to robust modelling as a key capability for the energy systems of tomorrow.
The funding will enable Gridcog to expand its platform across more markets and asset types while continuing to enhance the modelling capabilities relied on by developers, investors, utilities, and energy companies to evaluate co-location, hybrid projects, storage, and flexible energy solutions.
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