Energy start-up Relectrify will work with some of the world's leading energy companies after being named the only Australian company in this year's Free Electrons global start-up accelerator program, supported by Origin.
Relectrify, which is exploring the possibility of giving retired electric car batteries a second life so they can be reused as energy storage units for homes and power grids, emerged as a big winner at the Free Electrons
More than 500 start-ups from around the world applied, with the top 15 companies traveling to Sydney and Melbourne in May to take part in a week-long accelerator program hosted by Origin.
Tony Lucas, Executive General Manager Future Energy said, “Origin is thrilled to be working with Free Electrons to help develop
“It is a huge achievement for Relectrify to be selected in the 2018 intake of Free Electrons after more than 500 applications
“Relectrify is a company that has
“Technology is driving rapid change in the energy industry, facilitating 24-7 interaction with our customers and giving them greater control over their energy use and costs. We are embracing start-up culture through our involvement with Free Electrons and opening the doors to new ideas and ways of interacting with our customers,”
Relectrify CEO and co-founder, Valentin Muenzel said, “We are immensely pleased to be one of the 15 companies in the 2018 Free Electrons program.
“Working with Origin and eight other leading power utilities from around the world will allow Relectrify to further accelerate the positive impacts our battery life-extending technology will unlock.”
Free Electrons is a global business accelerator supporting start-ups working on clever and innovative energy solutions. Past participants have progressed to customer trials with Origin and other Free Electrons founding members, including Tempus Energy, which is currently working on a demand management trial with Origin customers.
About Free Electrons
Founded in 2017 by nine world-leading utilities, Free Electrons selects the world’s best future energy concepts to collaborate with leading energy companies and experts to accelerate their growth.
Free Electrons 2017 generated an overall US$2 million in contracts between the 12 start-ups and participating utilities, with a pipeline of ongoing opportunities surpassing US$12 million.
Free Electrons was founded by Ausnet Services (Australia), DEWA (Dubai), EDP (Portugal), ESB (Ireland), Innogy (Germany), Origin Energy (Australia), SP Group (Singapore) and Tokyo Electric Power Company (Japan), with also the participation of American Electric Power (USA). The program is supported by entrepreneur support specialist Beta-i (Portugal).
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