Why now and why Australia?
Challenges and opportunities is what scaleups thrive on and currently no better industry personifies this than the energy industry. We are seeing rapid change in the entire energy value chain from generation, through transmission and distribution, to the end customer.
Renewables and storage technologies have become cheaper and more accessible. Entire grids are becoming digitised creating vast amounts of energy data. New technologies from hydrogen, autonomous electric vehicles, to 5G are entering the market and will change and shape the industry for generations to come. And most importantly we’re seeing changing shifts in customer behaviour and expectations.
These are big challenges but also huge opportunities to innovate and scale new technologies and business models, and nowhere better than in Australia.
Australia at a glance…
- Rapid growth in large-scale renewables
More than 2.2 GW of new large-scale renewable generation capacity was added to the grid in 2019 across 34 projects, representing $4.3 billion in investment.
- Record breaking rooftop solar installations
Rooftop solar almost doubled the record set just two years ago as the sector smashed through the 2 GW barrier for the first time in 2019.
- Breakout year for energy storage
More than 22,000 small-scale batteries installed in 2019 taking Australia’s household storage capacity past 1 GWh. Plus 15 utility-scale batteries under construction at the end of 2019.
- EV sales tripled
Sales of electric cars in Australia tripled in 2019 with huge growth potential in the coming years as prices come down and range and infrastructure grows.
- Exponential rise in energy data
There’s been an exponential rise in energy data from smart meters, connected devices, grid equipment and more but the value of this data has not been fully utilised.
- Australians are tech savvy customers
Proven early adopters of technology. Smartphones are the main digital device for more than half of Australians. Households forecast to have over 30 connected devices by 2022 with growth being driven by energy and lighting smart devices and smart appliances.
Meet our partners
To tackle these challenges and unlock these opportunities we’ve assembled amazing partners to be part of the EnergyTech Hub.
Dr. Bev Thomas
Director Innovation Fund – CEFC
Chief Customer Officer – EnergyAustralia
CEO – C4NET
Chairman – VCTF
Head of Digital – Viva Energy
CEO – YBF Ventures
All powered by Startupbootcamp Australia, who over the last 3 years has built one of the best smart energy mentor and investor networks and helped 30 energy startups from around the world grow and scale their businesses in Australia.
The EnergyTech Hub value
Introducing the EnergyTech Hub, headquartered in Melbourne and designed to accelerate commercial collaboration between scaleups, partners, and investors on the most challenging and pressing problems facing the energy industry.
We are really proud to be project focused by helping scaleups test, implement, and scale solutions into the Australian energy market.
Value for scaleups and how the ETH works
So what does it mean if you’re a scaleup looking at the Australian Energy market and wondering if this is an opportunity worth exploring? Well The EnergyTech Hub is a Landing Pad, a Testing Pad, and a Launching Pad to help you make that decision quickly and effectively.
Designed for you to quickly explore new market opportunities in Australia. We will bring you up to speed with the Australian energy market, regulations, structures, and key players.
To test your solution in the Australian market and gather key learnings. By having direct exposure to motivated EnergyTech Hub Partners you will be in a prime position to address pressing partner and industry challenges through a collaborative pilot project.
To scale and grow your company in Australia and the wider region including opportunities to find co-investors for projects.
What are we looking for?
We are looking for scaleups with commercial ready solutions and business models showing proven traction who are looking to expand into the Australian market and beyond. We are focusing on 3 major themes:
Alternative fuel sources such as hydrogen for transport and storage. We will also be looking for scaleups exploring different types of renewable energy and tackling barriers to adoption including technical and economic barriers.
Storage technologies and solutions at grid, industrial, and domestic scale including vehicle to home and vehicle to grid. Plus interesting business models around eMobility.
Solutions applied to data which improve efficiency and create new opportunities across the entire energy value chain.
The EnergyTech Hub is a 5 month virtual program.
- 3rd July: Applications close
- 6th July: We will host a virtual reconnaissance session for interested Scaleups where you’ll meet the partners, have Q&A sessions and industry intros
- 20th July: The program starts
- A 2 week Landing Pad full of briefings to bring you up to speed on the Australian energy market, the regulations, the key players, and the challenges
- Over the course of the program we will host Deep Dives, Scaleup Showcases, and Themed events
- We will connect you with partners so you can co-design and execute pilot projects
- You will meet investors, we will help you commercialise projects, give you a platform to share learnings and help you launch and scale
- 29th October: The program ends
Why join the program?
No equity taken
The EnergyTech Hub doesn’t take equity in your business. Hold on to your equity and focus on selling and scaling your product into the Australian market.
Cheap and effective way to explore a new market
We’ve assembled motivated partners, investors, and mentors to help you enter and scale a new market quickly and effectively. The fee for a scaleup joining the 5 month program is USD$6,000.
Pilot project focused
The EnergyTech Hub is focused on delivering value to you and to our partners through co-design and executing pilot projects so you can test, learn, and scale rapidly.
Regional and global access network
Unmatched access to local and global network of mentors, partners, and most active energy investors to help you scale.
What's the next step?
Interested in the program? We’d love to hear from you!
Simply hit the 'Apply Now' button and fill out the contact form, it will take you less than 5 minutes. We will be processing applications as they come in so by applying early you will get an unfair advantage.
If you have any questions in the meantime, please reach out to Abs at firstname.lastname@example.org