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AGL invests in new tech to help cut customers’ power prices

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The power giant will be able to manage and trade the energy customers generate from solar panels and batteries at home.

Power giant AGL has taken a $150 million stake in software platform Kaluza and will roll out the technology to its 4 million Australian customers, allowing it to manage and trade on its customers’ behalf the renewable energy they generate and store from solar panels and batteries in their homes.

Kaluza chief executive Melissa Gander said the platform automated billing processes, gave retailers greater flexibility and allowed them to tailor energy usage for customers by interpreting the data provided by smart metres.“ allows retailers to connect to devices in customers’ homes, whether that’s their EV, heat pump, a battery, and then allows us to understand the state of that device, whether it’s plugged in, whether it’s charged,” said Gander.

AGL now fully owns OVO Energy Australia and last year migrated all its 80,000 customer services onto the Kaluza platform.

 

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