GreenSync is an Australian energy technology company developing deX, an open‑access middleware platform to register and make distributed energy resources visible and usable by the grid. deX is technology‑agnostic and lets home and commercial assets — solar PV, batteries, smart air conditioners and hot water systems — bid into markets for services such as frequency management, wholesale energy and reducing network constraints. The platform aims to provide visibility and control of DER services to meet distribution network operational requirements, unlock consumer value and support the grid’s transition to predominantly renewable generation. deX has delivered its first production release and now has nearly 100 organisations and utility partners across 20 countries. It is being used in South Australia by Simply Energy and SAPN in a virtual power plant trial funded by ARENA. ARENA has committed $10 million in funding to GreenSync to accelerate deployment and scale deX for national rollout, with the company highlighting export opportunities for the technology. The platform rollout is expected to total $32 million; deX was initially created during an ARENA A‑Lab collaboration in 2016 and piloted with $450,000 of ARENA funding in the ACT and Victoria. GreenSync develops a proprietary software platform that uses smart control to optimize energy resource use across electricity grids, reducing the need for over-investment in infrastructure. Its platform is deployed by transmission and distribution companies, large industrial and commercial facilities, and residential and remote precincts. Led by founder and CEO Dr. Phil Blythe, the company focuses on energy-market optimization and grid orchestration. The Series B proceeds will be used to further develop its energy-tech product suite for the Australian market. GreenSync also plans to expand its technology offerings to new shores using the fresh capital.

Total raised

$19M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2019