Redback and UQ to commercialise solar storage technologies

Energy storage provider Redback Technologies has signed a memorandum of understanding (MoU) with UniQuest, the commercialisation company of The University of Queensland (UQ), aimed at accelerating the global commercialisation of Redback’s existing technology as well as future cutting-edge energy research from the university.

Redback Technologies was established in April 2015 and joined ilab — an initiative of the Queensland Government and UQ — one month later. Along with UQ, it has been at the forefront of research that has led to the development of efficient, cost-effective energy storage that gives businesses and households the opportunity to capture, store and manage solar energy.

The new agreement will see joint projects expanded and the rapid commercialisation of UQ’s energy storage research insights from various disciplines across the university, including engineering, science, computer science and economics. Redback will also be able to access UQ’s solar energy assets for testing and demonstration purposes.

“The partnership with UQ will enable Redback to provide customised downstream software benefits to prospective clients including energy retailers, network service providers, telcos and solar installation companies,” said Redback founder and Managing Director Philip Livingston.

“We are excited to combine our multidisciplinary research capacity with Redback’s energy storage innovations and entrepreneurial drive,” added Professor Paul Meredith, director UQ Solar, Global Change Institute. “We see this as a path to accelerating the impact of our research upon the world and for driving innovation in our state.”