{"id":103383,"date":"2026-07-14T17:13:10","date_gmt":"2026-07-14T17:13:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/103383\/"},"modified":"2026-07-14T17:13:10","modified_gmt":"2026-07-14T17:13:10","slug":"abb-leads-10m-series-a-in-gridcog-to-scale-energy-modelling-platform","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/103383\/","title":{"rendered":"ABB Leads $10M Series A in Gridcog to Scale Energy Modelling Platform"},"content":{"rendered":"<p>Key Takeaways<\/p>\n<p>Gridcog raised $10 million in a Series A round led by ABB Electrification Ventures, with participation from Axpo, DNV Ventures, and VERBUND X Ventures.<\/p>\n<p>The funding will support Gridcog\u2019s European expansion and product development, addressing regulatory shifts in energy.<\/p>\n<p>Gridcog\u2019s platform replaces spreadsheets with cloud-based scenario modeling, helping stakeholders assess financial and carbon impacts of energy projects.<\/p>\n<p>The company has modeled over 16,000 energy projects and operates in more than 40 countries, now headquartered in London.<\/p>\n<p>ABB and DNV Ventures will collaborate with Gridcog to enhance energy project implementation and advisory services.<\/p>\n<p class=\"wp-block-paragraph\">Energy modeling start-up Gridcog, has closed a $10 million Series A round led by ABB Electrification Ventures, with participation from Axpo, DNV Ventures and VERBUND X Ventures. Existing shareholders AlbionVC and the Clean Energy Finance Corporation (CEFC) also took part in the oversubscribed round.<\/p>\n<p class=\"wp-block-paragraph\">The raise brings four major energy companies onto Gridcog\u2019s cap table as strategic investors \u2014 a notable structure given that competitors of these same investors also rely on Gridcog\u2019s platform for project modelling and investment decisions.<\/p>\n<p class=\"wp-block-paragraph\">Gridcog\u2019s software replaces spreadsheet-based analysis with cloud-based scenario modelling, simulation and optimization, giving developers, utilities, independent power producers, and commercial and industrial customers a transparent view of both the financial case and carbon impact of a project before capital is committed. The company says its platform has modelled more than 16,000 energy projects across more than 40 countries to date.<\/p>\n<p class=\"wp-block-paragraph\">RELATED ARTICLE: <a href=\"https:\/\/esgnews.com\/abb-and-eib-forge-e500-million-partnership-to-drive-smart-and-sustainable-electrification\/\" rel=\"nofollow noopener\" target=\"_blank\">ABB and EIB Forge \u20ac500 Million Partnership to Drive Smart and Sustainable Electrification<\/a><\/p>\n<p class=\"wp-block-paragraph\">The new capital will fund Gridcog\u2019s European expansion, selective entry into new markets, and continued product development, as regulatory shifts \u2014 including hybridisation rules in Spain and Germany and emerging battery storage roadmaps \u2014 raise the bar for detailed pre-feasibility studies ahead of investment decisions.<\/p>\n<p class=\"wp-block-paragraph\">Fabian Le Gay Brereton, CEO and co-founder of Gridcog, commented:<\/p>\n<p class=\"wp-block-paragraph\">\u201cMost modelling tools ask you to trust a number you can\u2019t trace. Gridcog does the opposite: every assumption is visible, every result goes down to the interval, and it\u2019s all backed by rigorous deterministic computational modelling and mathematical optimisation.\u201d<\/p>\n<p class=\"wp-block-paragraph\">As part of the round, ABB\u2019s Electrification Service division will pair its energy advisory and microgrid engineering expertise with Gridcog\u2019s modelling capabilities, aiming to help commercial and industrial customers move faster from concept to implementation on integrated, service-led energy projects. DNV Ventures is separately deepening its role as a data and advisory partner, engaging with project developers earlier in the lifecycle using Gridcog\u2019s platform alongside DNV\u2019s Solcast data.<\/p>\n<p class=\"wp-block-paragraph\">Stuart Thompson, President of ABB\u2019s Electrification Service division, commented:<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe energy transition increasingly depends on projects that combine renewables, storage and flexible loads, making accurate modelling more important than ever.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Founded in Australia in 2020, Gridcog is now headquartered in London with additional offices in Berlin, Madrid, Perth and Melbourne. The company is led by CEO Fabian Le Gay Brereton and CPO Pete Tickler (co-founders), alongside CTO Matt Ryan and CCO Genna Boyle.<\/p>\n<p>Matt Bird is the Founder, CEO, and Editor-in-Chief of ESG News. He brings 25 years of experience in corporate strategy, media, fintech, and communications, including 15 years specializing in news and journalism. Matt was recognized by the United Nations as #3 of the \u201cTop 10 Most Influential Media Executives for Impact\u201d in 2015 during the launch of the UN SDGs.<br \/>He has advised the Sustainable Stock Exchange initiative (SSEI), UNCTAD, and the UN, and hosts event coverage at the World Economic Forum, ADFW, Climate Week NYC, EU Parliament, COP, the Vatican, NASDAQ, NYSE, and more. Matt is a founding board member of the Humanity 2.0 Foundation, a Vatican-based NGO focused on identifying and removing impediments to human flourishing.<br \/>He previously rang the NASDAQ Closing Bell in honor of his partnership with NASDAQ OMX to launch the world\u2019s first retail investor targeting and newswire monitoring platform with the NASDAQ Financial Services Group. Matt launched ESG News in 2021, leading coverage of more than 10,000 news stories as of 2026\u2014and truly loves what he does.<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Gridcog raised $10 million in a Series A round led by ABB Electrification Ventures, with participation&hellip;\n","protected":false},"author":2,"featured_media":103384,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[130],"tags":[232,50842,50843,50844,50845,50768,50846,50847],"class_list":["post-103383","post","type-post","status-publish","format-standard","has-post-thumbnail","category-abb","tag-abb","tag-cefc","tag-dnv-ventures","tag-energy-modelling-platform","tag-fabian-le-gay-brereton","tag-gridcog","tag-stuart-thompson","tag-verbund-x-ventures"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116919455335452092","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/103383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=103383"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/103383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/103384"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=103383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=103383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=103383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}