Australian start-up locks in a deal with Tesla

Canberra start-up Reposit Power has locked in a contract that will see Tesla batteries sold with Reposit’s technology installed in them.

Reposit Power has developed software - in the form of a computer program and phone app - that allows consumers to determine their energy usage and generation, and how much energy is being generated from solar and how much is being drawn from the grid.

“On one level it’s quite a shock when you think of the multibillion-dollar value of Tesla,” said ANU alumnus Dr Lachlan Blackhall, chief technology officer and co-founder of Reposit Power.

“But for us what it does is give us some validation in the market that what we’re doing is really cutting edge and world class,” said Blackhall, who is also an Adjunct Professor at the ANU College of Engineering and Computer Science.

The Canberra-based firm is the brainchild of Dr Blackhall and business partner Dean Spaccavento. “We’ve been working on this since 2011,” Dr Blackhall said.

“Being able to demonstrate that with Tesla really was where their interest was garnered, because they saw we have a world-leading capability.”

The Tesla agreement adds to an already successful 2015 for Reposit Power, with the business already starting work with West Australian firm Magellan earlier in the year.

“There are a large number of manufacturers all over the world who currently have storage on the cusp of being available or currently available, and the vision for Reposit is our system sits on every single one of them,” he said.

Dr Blackhall said if he hadn’t come to ANU in 2007 to do his PhD, Reposit Power may never have formed. He still has strong ties with ANU. “I’m an adjunct and still teach. Previously we’ve built a power lab in the engineering department to demonstrate the technology we’ve been working on,” he said.