Australian energy-technology company PowerSync Technologies has acquired VIOTAS Australia, adding national scale and an established portfolio of industrial customer relationships.
The transaction adds 227 megawatts of flexible demand across the National Electricity Market (NEM), along with VIOTAS Australia’s operating team, customer base, and industrial relationships. VIOTAS Australia is the local subsidiary of Irish smart-grid technology company VIOTAS, which entered the Australian market in 2020.
Flexible demand allows commercial and industrial sites to briefly shift or curtail power usage during peak grid stress, such as severe heat events.
PowerSync enables participating businesses to unlock revenue from their behind-the-meter infrastructure, including batteries and on-site generation, by managing bidding, dispatch, compliance, and settlement processes.
PowerSync CEO David Naismith said the acquisition represents a step change in scale, expanding the company’s ability to coordinate demand-side resources as Australia’s energy system transitions toward higher renewable penetration.
“As more renewable energy enters the grid, the ability to adjust electricity use at the right moment is becoming increasingly valuable, and industrial businesses are well placed to provide it,” Naismith said.
“The continued scaling of our platform across behind-the-meter and grid-scale assets places us at the forefront of current and emerging markets and expands our ability to deliver innovative products and services to our customers.”
Alongside the acquisition, the two companies signed a technology memorandum of understanding to leverage global insights from Australia, Ireland, and the United States to enhance PowerSync’s behind-the-meter platform.
Contracts for existing VIOTAS Australia clients will remain intact, with customer operations progressively transitioning to PowerSync technology.
Data centres also form a growing focus for PowerSync, with its compliance stack assisting operators with grid connection rules and flexibility revenue.
VIOTAS CEO Paddy Finn noted that the sale aligns with VIOTAS’s strategy to focus on expansion in Ireland and the US, while providing PowerSync with an established platform for growth across the NEM and Western Australia’s Wholesale Electricity Market.