Neara has been selected to join the second cohort of EnergyLab’s Scaleup Program in conjunction with eight other world-leading late-stage energy startups. This program has been delivered in partnership with TransGrid and Endeavour Energy, who will offer the cohort a unique opportunity to collaborate with Australia and New Zealand’s most innovative utilities, investors, and founders to unlock a new wave of growth.
EnergyLab’s Scaleup Program is an industry-led initiative launched in 2020, built collaboratively with Australian utilities and startups. This year, the program is being sponsored by TransGrid and Endeavour Energy, two of Australia’s largest energy utilities that operate a sizeable portion of NSW’s electricity infrastructure, supplying electricity to 2.5 million people across Sydney’s Greater West, Blue Mountains, Southern Highlands, the Illawarra and South Coast regions.
In selecting this year’s Scaleup Program cohort, EnergyLab worked with TransGrid and Endeavour Energy to identify their key priority areas, further recruiting startups from across the world to help unlock new opportunities. Through the program, Neara will have an invaluable opportunity to work more closely with TransGrid and Endeavour Energy, with a focus on developing innovative and sustainable solutions to boost network management efficiency, lower costs for customers, and navigate the impact of climate change on critical infrastructure.
By participating, Neara will be able to deepen relationships with TransGrid and Endeavour Energy, as well as connect with EnergyLab’s other innovation partners to explore new commercial and platform opportunities. These Innovation Partners represent some of the most innovative utilities in Australia and New Zealand and include the Australian Energy Market Operator (AEMO), Aurora Energy, Counties Power, CS Energy, FRV, Hydro Tasmania, Nectr, PowerNet, Scanpower, Synergy, TasNetworks, and Yurika.
Neara’s CCO Jack Curtis commented:
"We are thrilled to be included in the EnergyLab Scaleup Program, particularly given its focus on enabling companies like Neara to access significant new growth opportunities. We are excited by the prospect of collaborating with TransGrid and Endeavour Energy, especially in light of their progressive innovation agendas, and our belief that Neara's digital twin software platform can greatly enable their ambitions."
Neara is grateful to have been selected in such an industry-leading initiative to explore new commercial and platform opportunities, and view it as another important milestone for the company.