Worley and Xendee combine strengths to create Veckta

Worley and Xendee are changing the way microgrids and distributed energy systems are assessed, designed and deployed, with their joint venture Veckta.

Veckta will combine Xendee’s energy configuration software with Worley’s global reach in the engineering, procurement and construction fields.

The program will own and operate a cloud-based market platform that assesses and designs optimised energy systems 90 per cent faster than traditional methods.

Veckta chief executive officer Gareth Evans said the company allowed users to assess, design and test energy solutions, producing dispatch profiles and assessing user specific scenarios.

“Until now, assessing, designing and coordinating the various stakeholders within the distributed energy space has been complex, time-consuming and expensive,” Evans said.

“Veckta will overcome these challenges and empower the industry to co-create distributed, lower carbon energy solutions that are reliable, compatible, safer and cheaper.

Worley group director, energy transition and Veckta board member Tony Frencham said the idea for Veckta was born from the recognition that the world’s energy systems needed “rapid, deep changes.”

“Veckta provides the world’s most advanced energy system engineering tools, delivers technical and financial optimisation integrated within a marketplace that connects those who need energy with those who supply equipment, design, build and provide financing for those systems.”

Australian consulting and advisory company Worley creates new assets and sustains and enhances existing assets in the hydrocarbons, mining, mineral, metals, chemicals, power and infrastructure industries, focussing on long-term customer needs.

Xendee is a United States-based software developer that helps planners and investors validate microgrids’ technical and financial performance and supports major microgrids, smart grids, renewable and alternative energy investments.

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