carbonTRACK is proud to announce Stuart Allinson as Chair-Elect and Susan Taylor as Director- elect to its Board of Directors. These appointments are part of a new Board of Directors and Advisory Board as carbonTRACK kicks off a $10 million International Capital Raising, with BlueMount Capital, to fund its growth within the USA and entry into Europe. In August 2015 the company closed a $2 million round of funding on a pre-money valuation of $22.5 million. This allowed the company to commercialise its patented technology, continue its rapid local Australian expansion as well as begin to explore international opportunities, including managing Virtual Power Plants (VPP’s) in New Zealand. This current round of funding has a pre-money valuation of $35 million.
Stuart co-founded and led BidEnergy to a listing on the ASX (ASX Code: BID) and is a board member and former Chair of the Climate Change Authority.
“Stuart brings to our Board vast experience in international energy markets, an important addition to our arsenal as we enter the USA market and then turn our attention to Europe”.
- Spiros Livadaras, Managing Director carbonTRACK.
Stuart's expertise lies within the entire energy supply chain, including manufacturing, distribution and commercialization.
“I’m proud to be involved with carbonTRACK. Their intelligent technology integrates solar, grid, battery and energy market tariff data- turning the idea of the virtual power plant into reality.”
- Stuart Allinson, Chair-elect carbonTRACK.
Susan is a former partner of Freehills and former General Counsel & Company Secretary of AusNet Services. She played a leading role in developing and implementing regulatory frameworks for electricity and gas markets in Australia, including the Australian national electricity market.
“Susan has a strong reputation in international energy regulatory matters and has assisted governments in the Asia Pacific region with regulatory reform and restructure of their energy markets. She brings a vast wealth of knowledge and experience to our Board. She has worked in the USA for the US Government, in private legal practice and was admitted to the New York Bar. Her strong skills & experience are important as we enter and expand into the USA market.”
- Spiros Livadaras, Managing Director- carbonTRACK
Susan has received international recognition, including as a preeminent In-House Lawyer in ‘Doyle's Guide to Leading Lawyers’ and previous highest ranking in Chambers Global ‘The World’s Leading Lawyers’ for energy lawyers in Australia.
“I am delighted to be joining the board of carbonTRACK at this exciting time. I have seen several attempts at creating smart technology of a kind that aims to achieve the outcomes that carbonTRACK has developed, and none of those prior versions appeared to me to be viable. This is the first time I have seen technology of this kind which has every prospect of success. To me, this is the key that will unlock energy markets for customers and empower them immeasurably. I’m looking forward to working with carbonTRACK as we embark on this exciting future together.”
- Susan Taylor, Director- elect carbonTRACK.
carbonTRACK is an intelligent EMS that manages the number of available energy sources in an installed environment to ensure reliable power supply. It is agnostic to the source of energy, whether it is grid, PV Solar or back-up power. It is already the 2nd largest independent software vendor in Australia’s residential ISV market (GTM Research 2018). This rapid growth has occurred because of its unmatched scope of capabilities, including grid, solar, battery, switchboard & appliance remote management and smart home automation.
It is the brains that manages peak load electricity and demand response on short notice. carbonTRACK provides more efficiency and much more flexibility which allows the system to react better to energy source fluctuations and Time of Use tariffs. It provides optimization, immediate remote control, secure 4G communication; all of which increase the ROI on a PV solar and battery solution. carbonTRACK’s co-ordinated response capability delivers embedded networks, virtual power plants and facilitates smart- grids.
carbonTRACK received a Silver Award for Energy Efficiency in the 2017 Ecologic Awards and was recently identified as one of three of the most promising and transformative technologies that have been developed by PropTechs to facilitate "green business." (Real Estate Gazette, 2018).