Redback Technology has received $4 million in grant-funding from the Queensland government.

Energy management technology company Redback will be able to hire up to 109 new staff after receiving a $4 million grant from the Queensland government.

The funds, awarded through the Advance Queensland Platform Technology Program, will be spent developing a smart energy monitoring platform that will deliver real-time information to customers and automate smart appliance use, as well as manage solar and battery energy use.

The technology is set to be trialled at the Springfield master-planned development, with partners involved including Springfield Land Corporation, Energy Queensland, Microsoft and the University of Queensland.

Minister for state development Cameron Dick said the technology development could lead to further clean energy jobs in Queensland.

“Redback will employ up to a further 109 technical and professional staff at its University of Queensland St Lucia laboratory, adding to its existing workforce and through expanding its existing facility, which would see more jobs and opportunities trickle down through the local economy,” Mr Dick said.

“The company has the potential to shape the renewable energy market in Queensland and Australia through new technologies that align with the Queensland Government’s renewable energy targets.”

As part of its election campaign last year, the government reconfirmed support of a 50 per cent renewables by 2030 target.

“Redback Technologies is at the forefront of moves to make battery storage technology more affordable, with a system that will enable a reduction in energy costs for consumers and help to pump renewable energy into the grid,” innovation minister Kate Jones said.

“Funding projects like these is part of a wider Palaszczuk Government strategy to diversify Queensland’s economy. Not only will this initiative create jobs, it will have a real impact on the lives of ordinary Queenslanders – helping them save on their household power bills.”

Redback managing director Philip Livingston said aside from providing smart monitoring to households and businesses, the technology would also help networks better manage exports and imports from the grid, allowing an increase in the penetration of renewables.

“The support of the Queensland government will enable Redback and our partners to create a platform ecosystem, using big data to drive better outcomes for energy users and energy businesses,” he said.

“This technology will benefit industries beyond energy.”

Redback has undertaken massive growth over the past few years, and has been the recipient of multiple grants, and recent investments from the Clean Energy Innovation Fund and Right Click Capital.

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