ABB is leading Gridcog’s $10 million Series A round, with Axpo, DNV Ventures, and VERBUND X Ventures also participating.

These new investors are major energy companies that already rely on Gridcog’s modelling software for their project decisions.

So far, Gridcog has modelled over 16,000 energy projects in more than 40 countries.

Gridcog, a London-based platform focused on energy flexibility modelling, has closed a $10 million Series A round led by ABB. Axpo, DNV Ventures, VERBUND X Ventures, and existing shareholders AlbionVC and Clean Energy Finance Corporation also took part.

The round is notable for the involvement of four new investors representing industrial electrification, energy consulting, and large-scale generation and trading. These sectors already use Gridcog’s software or compete with those who do.

Investors who are also customers

Fabian Le Gay Brereton, chief executive and co-founder of Gridcog, says, “The strategic significance of today’s round lies as much in who is investing as in the capital itself.  ABB, Axpo, DNV and Verbund span industrial electrification, energy consulting, and large-scale generation and trading: the parts of the industry whose own projects depend on getting project decisions right. Their collective backing is a signal that transparent, rigorous modelling is becoming foundational for the energy transition, not a nice-to-have.”

Stuart Thompson, president of ABB’s electrification service division, adds, “The energy transition increasingly depends on projects that combine renewables, storage and flexible loads, making accurate modelling more important than ever. Together, ABB and Gridcog will help customers navigate this complexity, enabling more confident project decisions with greater visibility of financial returns, carbon outcomes and long-term value.”  

Gridcog was founded in Australia and is now based in London, with offices in Berlin, Madrid, Perth, and Melbourne. It is led by Le Gay Brereton and chief product officer Pete Tickler, both co-founders, alongside chief technology officer Matt Ryan and chief commercial officer Genna Boyle.

Gridcog’s software helps developers and utilities decide whether an energy project should include storage, flexible load, and renewables behind a single grid connection, and whether to join ancillary markets before investing. This choice has become more complicated as grid connections are limited, and projects shift from single solar or wind farms to hybrid, multi-asset sites.

Gridcog points out that the industry has often depended on expensive custom consultancy studies, unclear black-box models, and fragile in-house spreadsheets.

A competitive market opportunity

Gridcog is not the only company tackling this challenge. UK-based Modo Energy raised £25 million in December 2025 to build what MMC Ventures called the Bloomberg of energy. Modo is competing with TWAICE and Volytica, who also aim to replace static, consultant-driven reports with dynamic modelling.

Dublin-based GridBeyond used the strategic-investor model that Gridcog is now following, with ABB backing its €52 million Series C in 2024. ABB’s choice to lead Gridcog’s round shows it values supporting several companies in this sector.

Kaare Helle, head of DNV Ventures, notes, “Gridcog turns weeks of spreadsheet modelling into hours of fast, transparent analysis, a natural complement to DNV’s data and advisory expertise. Accelerating energy transition projects is essential to meeting global decarbonisation targets, and by bringing our trusted data into Gridcog’s platform, we can help developers make faster, more bankable decisions far earlier in a project’s life.”

Axpo chief operating officer Henriette Wendt adds, “I am convinced that data and models will be central to the energy future. Together with Gridcog, we can help our customers make faster and better-informed decisions when designing complex energy solutions. This partnership also strengthens our competitiveness as a leading energy company, while underlining our commitment to innovation and digitalisation in the energy sector.”

The IEA’s Electricity 2026 report says that flexibility, rather than generation capacity, is the main limit to adding more solar and wind power. The report highlights large, unused pools of demand response, such as about 160 gigawatts from aluminium production and around 600 gigawatts from residential air conditioning.

Gridcog says that better modelling software can help close this gap. However, the IEA’s analysis suggests that progress relies just as much on market design and regulation as on any one vendor’s tools.

Now, four major energy companies own shares in a modelling platform that their competitors also use for project planning. This raises a key question for the next stage of the energy transition: does broad strategic support build industry trust in a platform like Gridcog, or does it make the platform too important for any one investor to control?