ABB is leading Gridcog\u2019s $10 million Series A round, with Axpo, DNV Ventures, and VERBUND X Ventures also participating.<\/p>\n
These new investors are major energy companies that already rely on Gridcog\u2019s modelling software for their project decisions.<\/p>\n
So far, Gridcog has modelled over 16,000 energy projects in more than 40 countries.<\/p>\n
Gridcog<\/a>, 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.<\/p>\n 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\u2019s software or compete with those who do.<\/p>\n Investors who are also customers<\/p>\n Fabian Le Gay Brereton<\/a>, chief executive and co-founder of Gridcog, says, \u201cThe strategic significance of today\u2019s round lies as much in who is investing as in the capital itself. \u00a0ABB, 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.\u201d<\/p>\n Stuart Thompson<\/a>, president of ABB\u2019s electrification service division, adds, \u201cThe 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.\u201d \u00a0<\/p>\n 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<\/a>, both co-founders, alongside chief technology officer Matt Ryan<\/a> and chief commercial officer Genna Boyle<\/a>.<\/p>\n Gridcog\u2019s 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.<\/p>\n Gridcog points out that the industry has often depended on expensive custom consultancy studies, unclear black-box models, and fragile in-house spreadsheets.<\/p>\n A competitive market opportunity<\/p>\n Gridcog is not the only company tackling this challenge. UK-based Modo Energy<\/a> raised \u00a325 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.<\/p>\n Dublin-based GridBeyond used the strategic-investor model that Gridcog is now following, with ABB backing its \u20ac52 million Series C in 2024. ABB\u2019s choice to lead Gridcog\u2019s round shows it values supporting several companies in this sector.<\/p>\n Kaare Helle<\/a>, head of DNV Ventures, notes, \u201cGridcog turns weeks of spreadsheet modelling into hours of fast, transparent analysis, a natural complement to DNV\u2019s data and advisory expertise. Accelerating energy transition projects is essential to meeting global decarbonisation targets, and by bringing our trusted data into Gridcog\u2019s platform, we can help developers make faster, more bankable decisions far earlier in a project\u2019s life.\u201d<\/p>\n