ABB leads $10M Series A in Gridcog to scale energy modelling platform. Key takeaways. * Gridcog raised $10 million in a Series A round led by ABB Electrification Ventures, with participation from Axpo, DNV Ventures, and VERBUND X Ventures. * The funding will support Gridcog's European expansion and product development, addressing regulatory shifts in energy. * Gridcog's platform replaces spreadsheets with cloud-based scenario modeling, helping stakeholders assess financial and carbon impacts of energy projects. * The company has modeled over 16,000 energy projects and operates in more than 40 countries, now headquartered in London. * ABB and DNV Ventures will collaborate with Gridcog to enhance energy project implementation and advisory services. 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. The raise brings four major energy companies onto Gridcog's cap table as strategic investors - a notable structure given that competitors of these same investors also rely on Gridcog's platform for project modelling and investment decisions. Gridcog's 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. The new capital will fund Gridcog's European expansion, selective entry into new markets, and continued product development, as regulatory shifts - including hybridisation rules in Spain and Germany and emerging battery storage roadmaps - raise the bar for detailed pre-feasibility studies ahead of investment decisions. Fabian Le Gay Brereton, CEO and co-founder of Gridcog, commented: "Most modelling tools ask you to trust a number you can't trace. Gridcog does the opposite: every assumption is visible, every result goes down to the interval, and it's all backed by rigorous deterministic computational modelling and mathematical optimisation." As part of the round, ABB's Electrification Service division will pair its energy advisory and microgrid engineering expertise with Gridcog's 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's platform alongside DNV's Solcast data. Stuart Thompson, President of ABB's Electrification Service division, commented: "The energy transition increasingly depends on projects that combine renewables, storage and flexible loads, making accurate modelling more important than ever." 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. Subscribe & Follow for daily ESG insights. Join the Conversation: Follow ESG News on LinkedIn to engage with its global community of 50K+ sustainability leaders and C-suite executives.

Axpo invests in British startup Gridcog for planning complex energy systems. July 14, 2026 2 mins read Axpo is investing as a minority shareholder in the British software company Gridcog. This strengthens Axpo's access to innovative solutions to support industrial customers in planning energy solutions even more precisely. At the same time, the step underscores Axpo's long-term focus on innovation and its ambition to invest in strategically relevant European startups. Here's what it's about: * Axpo is becoming a minority shareholder in the British software company Gridcog, which helps companies plan and optimize complex energy systems. * Gridcog's technology helps industrial customers analyze combinations of self-generation, storage, flexibility, and supply solutions more quickly and make more informed investment decisions. * The investment underscores Axpo's innovation strategy and its ambition to invest in strategically relevant European startups and better support customers with innovative energy solutions. Axpo is acquiring a minority stake in the British software company Gridcog. The startup offers software that enables companies to plan and better coordinate complex energy systems. This allows various installations such as solar systems, batteries, flexible solutions, and other energy facilities to be mapped in different markets and economically optimized. This gives companies an optimal basis to more quickly determine the appropriate size of their energy facilities and the economic impacts of different options. For Axpo, the investment opens up additional opportunities, particularly where customer solutions become more complex. More and more companies are facing the question of how to sensibly combine electricity and gas contracts, self-generation, storage, and flexibility solutions. Gridcog's technology helps analyze such issues more efficiently and develop customer-specific energy solutions more quickly. Henriette Wendt, COO of Axpo, says: 'I am convinced that data and models will be central to the energy future. With Gridcog, we can support our customers more quickly and thoroughly in developing complex energy solutions. This strengthens Axpo's competitiveness and underscores our ambition to proactively support innovation and digitalization in the energy market.' In addition to Axpo, ABB Ventures as lead investor as well as DNV and VerbundX are also participating in the financing round. Axpo is investing as a minority shareholder. About Gridcog Gridcog is a software company that has developed a platform for modeling energy flexibility. The solution supports energy professionals such as project developers, investors, utilities, energy companies, and consultants in planning generation, storage, flexible consumers, grid bottlenecks, grid costs, and electricity market participation throughout the project life cycle. The platform has already been used in over 40 markets and for over 16,000 projects. With the financing round, the company aims to further develop its platform and expand its teams in sales, customer support, and product development. Gridcog was originally founded in Australia and now has offices in London, Berlin, Madrid, Perth, and Melbourne. About Axpo Axpo has the ambition to enable a sustainable future with innovative energy solutions. Axpo is the largest Swiss electricity producer and an international pioneer in energy trading and the marketing of solar and wind power. Around 7,500 employees combine experience and know-how with a passion for innovation and the joint search for ever better solutions. Axpo relies on innovative technologies to meet the constantly changing needs of its customers in over 30 countries in Europe, North America, and Asia. ... Source: Axpo axpo.com

ABB invests in Gridcog's digital platform to scale next-generation energy projects. Jul 14, 2026, 03:30 ET * ABB invests in Gridcog which provides a digital platform for next-generation modeling of complex microgrids, distributed energy resources (DERs) and energy-as-a-service solutions for utilities, independent power producers and commercial & industrial customers * Partnership helps customers adopt energy efficient solutions by designing, comparing and validating complex energy projects faster, with clear visibility on both financial performance and carbon impact * Gridcog's software combined with ABB's advisory and engineering services will accelerate the shift toward integrated, service-led energy solutions for commercial and industrial customers ZURICH, July 14, 2026 /PRNewswire/ - ABB has made a strategic minority investment in UK-based startup Gridcog to accelerate advanced modelling capabilities supporting the deployment of renewable generation and storage, industrial microgrids, distributed energy resources (DERs), alternative energy procurement strategies and energy-as-a-service solutions. This partnership will help ABB's customers design, compare and validate complex energy projects with clear visibility on both cost and carbon impact from the earliest stages. The financial terms have not been disclosed. As electrification accelerates and renewables pass one-third of global power generation, energy systems are becoming more complex, driving demand for flexible, decentralized energy resources that require deeper technical, financial and environmental analysis. Gridcog's software platform enables rapid scenario modelling, design and simulation to support more consistent and transparent business cases for renewable and energy transition projects across different geographies, energy markets and asset types. The platform helps quantify both financial performance and carbon emissions impact, supporting commercial and industrial customers in building credible and data-driven net-zero roadmaps. Stuart Thompson, President of ABB's Electrification Service division, said: "By combining Gridcog's modeling capabilities with our energy advisory and microgrid engineering expertise, we can help customers move faster from concept to implementation, as they adopt innovative technologies and business models to support their energy management goals. Together, ABB and Gridcog will focus on helping customers navigate an increasingly complex and constantly evolving energy landscape, reduce emissions and unlock more value from distributed energy resources, while supporting ABB's growth in digital, energy advisory and service-led business models." As the latest addition to ABB's growing innovation ecosystem, the collaboration with Gridcog strengthens ABB's ability to connect software, hardware and services into more integrated as-a-service offerings. It is targeted at commercial and industrial customers seeking alternative technology solutions that deliver both economic and sustainability benefits. Fabian Le Gay Brereton, Gridcog's CEO, said: "ABB's investment is a strong signal of how critical advanced modelling has become in managing the dynamic nature of the energy ecosystem. At Gridcog, we are focused on giving customers the clarity they need to make confident decisions about complex energy systems. Together with ABB, we can help businesses move faster from idea to implementation, with a clear view of both the financial case and the carbon impact." ABB is leading this funding round and is joined by AXPO, DNV and Verbund Ventures. At the same time, Albion and Clean Energy Finance Corporation maintain their presence as key shareholders. This investment through ABB Electrification Ventures, the venture capital arm of ABB's Electrification business area, is a key addition to ABB's venture capital investments, reflecting the company's commitment to building an ecosystem of innovative partners developing solutions that support productivity, efficiency, and sustainability. With this latest partnership, ABB Electrification Ventures has invested more than $110 million in 16 startups since 2021. ABB Electrification Ventures is part of the group-wide venture capital investment framework, ABB Ventures. Since its formation in 2010, ABB's venture capital unit, ABB Ventures, has invested around $500 million into startups that are aligned with its electrification, automation and motion portfolio. ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com About Gridcog Gridcog is the trusted platform for modelling energy flexibility. It gives energy professionals developing, investing in and operating the projects driving the energy transition one complete and transparent platform to model generation, storage, flexible load, grid constraints, network tariffs and market participation across the full project lifecycle. Originally founded in Australia and now with offices in London, Berlin, Madrid, Perth and Melbourne, Gridcog supports project developers, investors, utilities, energy majors and consultants worldwide. www.gridcog.com ABB Ltd Affolternstrasse 44 8050 Zurich Switzerland SOURCE ABB