VERBUND X Ventures invests Gridcog

VERBUND X Ventures, the corporate venture capital unit of VERBUND, has invested in Gridcog, an innovative software company specializing in the modelling and optimization of flexible energy systems. These include battery energy storage systems, renewable hybrid projects, and EV charging infrastructure. As the deployment of such technologies accelerates, power systems are becoming increasingly complex. Gridcog helps energy sector stakeholders, like independent power producers and project developers, better understand this complexity and make informed commercial decisions. The current Series-A-financing round is led by ABB Electrification Ventures, with participation from additional international investors, including DNV Ventures and Axpo Ventures.

Gridcog: software for managing the growing complexity of the energy transition

The energy transition and the increasing share of renewable energy are driving greater volatility and complexity in electricity markets. At the same time, the commercial evaluation of energy projects is becoming more challenging. Gridcog addresses this challenge with a browser-based SaaS platform that enables companies to model and analyse complex energy projects, including combinations of battery storage, renewable generation assets, and EV charging infrastructure. The platform combines proprietary simulation and optimization models with integrated market data, allowing users to assess projects consistently across different markets. This enables companies to test multiple scenarios, accurately evaluate revenue structures, and make investment decisions faster and with greater transparency. Many existing approaches still rely on traditional spreadsheet models or consultancy-driven, project-specific solutions.

“With Gridcog, we are investing in a digital solution that is gaining importance in a strategically relevant market segment. The ability to model flexible energy projects in a robust and transparent way will become increasingly important for the energy system of the future. For VERBUND, this investment is therefore a meaningful step in securing access to innovative applications with strong relevance for flexibility and evolving market needs,” says Michael Strugl, CEO of VERBUND AG.

Strong growth in a dynamic market

As electricity markets become more volatile, renewable energy deployment accelerates, and the demand for flexibility increases, tools for the commercial assessment of complex energy projects are becoming increasingly important. Against this backdrop, Gridcog has established a strong position through its technology and international expansion. The company serves a rapidly growing market for flexible energy solutions, has achieved significant growth, particularly in Europe, and has already attracted leading customers such as Shell, Octopus Energy, ABB, Amazon, EY, and PwC.

“At Gridcog, our goal is to give companies the tools they need to assess investments in flexible energy assets faster and with greater confidence. The fact that we are already working with customers across multiple markets and growing strongly in Europe shows the relevance of our solution. The investment by VERBUND X Ventures is a strong signal for us and an important step in our continued international expansion,” says Fabian Le Gay Brereton, CEO of Gridcog.

Investment supports further growth

Founded in Australia in 2020, Gridcog has since expanded into the United Kingdom and Europe. With its headquarters now based in the UK and offices in Berlin, Madrid, Perth and Melbourne, the company’s commercial focus is increasingly on Europe. With the fresh capital, Gridcog plans to continue its growth trajectory in Europe and further develop its platform and product capabilities.

“Gridcog combines a scalable SaaS business model with strong growth and clear relevance for the future development of the energy system. What particularly impressed us was the company’s dynamic international expansion across 40+ markets, its strong position in Europe, and its outstanding leadership team. The founders bring deep expertise in energy markets and software development, combined with a proven track record of building and scaling successful technology companies. This combination of market insight, innovation, and entrepreneurial experience provides an excellent foundation for Gridcog’s continued growth,” says Franz Zöchbauer, Managing Director of VERBUND X.