The Australian-based firm has made its mark in the Distributed Energy Resources (DER) space, facilitating Australia’s and the world’s transition to clean, cheap renewables. SwitchDin technology enables Commercial and Industrial energy consumers to strategically manage their total energy costs, including charging and discharging their battery-stored energy according to market swings. In this way, this ‘virtuous circle’ earns the best possible return on investment and does so while enhancing grid access, utilisation and stability.
First to market
Australia leads the world in its take up of DER, with the technology now cheap enough, and the markets sufficiently developed to make good on the renewable energy promise.
And on a CER (Consumer Energy Resources) basis, one in three Australian households (and soon to be one in two), have installed rooftop solar and are rapidly taking up the nation’s battery offer. With these macro dynamics expected to continue for the long term, Australia is perfect for SwitchDin to scale its already proven energy management software and edge technology, and be first to market with a full stack approach.
Most Australian DNSPs (Distribution Network Service Providers) work with SwitchDin and use its technology to seamlessly manage their widely distributed DERs and CERs to the grid. As Australia, Europe, and Asia accelerate their switch to renewables, SwitchDin is now poised to take its place in the global transition.
SwitchDin CEO and Managing Director, Mario Vecchio, says: “We have secured this funding to help us scale, not just in Australia, but internationally. We will invest smartly, focusing now on accelerating our customer-facing people and tools, to ensure scale and success in both national and international markets.”
“SwitchDin is determined to make sure all energy consumers have seamless access, increased capacity and significant savings when it comes to DER management and control. Today marks SwitchDin’s next phase of growth and a very exciting road ahead.”
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