Gentrack, a next gen solution provider for utilities has partnered with Evergen, supporting the enablement of a more distributed and decentralised energy system globally. The alliance expands Gentrack’s partner ecosystem and brings cutting-edge Distributed Energy Resources Management (DERM) tech and advanced energy solutions to consumers and utilities globally.
What does the partnership mean for the industry?
Evergen provides an innovative smart energy management platform that uses machine learning algorithms to optimise the use of renewable energy assets. Their software predicts energy needs and market conditions to automatically adjust systems to maximise energy efficiency and cost savings. The platform is hardware agnostic with cloud-based APIs for commercial and residential applications across Distributed Energy Resources (DERs).
Gentrack provides an industry leading product-to-profit software solutions for utilities worldwide, through its innovative g2.0 offering. The low code/no code composable architecture is built to adapt quickly and support ever changing market conditions with new products and services while automating processes by design to reduce cost-to-serve.
According to the partnership, Gentrack’s g2.0 offering is integrated with Evergen’s energy management system and is already live in an Australian Tier 1 Energy customer, providing an end-to-end Virtual Power Plant solution and empowering consumers to fully benefit from rooftop solar and energy storage. As a result, customers can improve their self-sufficiency and resilience to external market fluctuations, and work towards a more sustainable future.
The partnership between Evergen and Gentrack will bring the strengths of both companies together to offer comprehensive DERM solutions allowing utilities to innovate at pace and combining expertise to ensure a simple and seamless customer experience for the end user.
What does this mean for Evergen and Gentrack?
Evergen Chief Executive Officer and Managing Director, Ben Hutt said: “Our partnership comes at a time when the need for renewable energy is rapidly increasing globally.”
“By partnering with Gentrack, we’re well-positioned to empower utilities with the innovative tools they require to meet this growing demand — accelerating the transition to renewable energy and creating a brighter, more sustainable future for all. We’re excited to drive positive change in the industry and bring the benefits of renewable assets to utilities worldwide.”
Commenting on the partnership, Alasdair Firth, VP Global Partnerships & EMEA, Gentrack, said: “Utilities are right in the thick of an exciting and ever-changing market. They are running businesses in a time of unprecedented shifts, all while trying to transition to net zero.”
“Our partnership with Evergen demonstrates the sort of innovative proposition which will be required in the future as people look to change the way they consume energy – it’s going to help utilities stay ahead of the game and be leaders in this exciting transformation.”
What is the wider industry context of this partnership?
The energy/utilities management space is a rapidly evolving one, with new technologies and innovations emerging all the time. This is being driven by a number of factors, including the increasing demand for energy efficiency, the need to reduce greenhouse gas emissions, and the rise of renewable energy sources.
One of the most significant trends in the energy/utilities management space is the move towards smart grids. Smart grids use digital technology to collect and analyze data from across the grid, which can then be used to improve efficiency, reliability, and security. This can lead to significant cost savings for utilities, as well as improved customer service.
Another key trend is the increasing use of renewable energy sources. Renewable energy sources, such as solar and wind power, are becoming more cost-competitive with traditional fossil fuels, and they are also seen as a way to reduce greenhouse gas emissions. As a result, utilities are increasingly investing in renewable energy projects.
The energy/utilities management space is a complex and challenging one, but it is also an exciting one. With the right technologies and innovations, utilities can play a key role in meeting the challenges of the 21st century, such as climate change and energy security.
Here are some of the specific benefits that can be achieved by adopting new technologies and innovations in the energy/utilities management space:
- Increased energy efficiency: New technologies can help utilities to reduce energy consumption, which can lead to significant cost savings. For example, smart meters can help customers to track their energy usage and identify areas where they can save energy.
- Improved reliability: New technologies can help utilities to improve the reliability of their networks, which can help to reduce outages and disruptions. For example, using drones to inspect power lines can help to identify potential problems before they cause an outage.
- Reduced greenhouse gas emissions: New technologies can help utilities to reduce their greenhouse gas emissions, which can help to combat climate change. For example, using renewable energy sources can help utilities to reduce their reliance on fossil fuels.
- Improved customer service: New technologies can help utilities to improve customer service by providing customers with more information and control over their energy usage. For example, using mobile apps, customers can track their energy usage, set alerts, and make changes to their energy plans.
The energy/utilities management space is a rapidly evolving one, and the benefits of adopting new technologies and innovations are significant. Utilities that embrace these changes will be well-positioned to meet the challenges of the 21st century.
Gerald Ainomugisha is a business news reporter and freelance B2B marketer with over 10 years of experience in writing high-converting copy and content for businesses of all kinds, especially SaaS providers in the niches of HR, IT, fintech, eCommerce and web3.