VoltMind: bridging the gap between legacy grids and modern electricity demands
In the face of a rapidly evolving energy landscape, VoltMind is emerging as a key player in the push towards a more sustainable future. Beginning as a collaboration between like-minded researchers at the University of Melbourne, VoltMind has developed an advanced grid analytics platform designed to help electricity distributors to unlock latent capacity from existing infrastructure and reduce the risks associated with future infrastructure investments.
The challenge of modern energy needs
The rise of consumer energy resources such as rooftop solar and electric vehicles is pivotal to achieving a successful energy transition. However, these innovations present significant challenges. “Our grid was designed over a century ago for much simpler appliances like kettles, ovens and fridges,” explains Michael Liu, one of the co-founders of VoltMind. “To accommodate modern energy needs, we need to rethink how we design, build and operate our electricity grid to ensure it can handle these complex devices and last for generations to come.”
The solution
VoltMind’s platform harnesses smart meter data, artificial intelligence and novel algorithms to deliver unprecedented grid modelling capabilities and science-backed insights. It empowers electricity distribution businesses to make informed decisions, simplifying the integration of renewable energy sources while ensuring the reliability and affordability of electricity supply. By combining AI-driven innovation with deep power engineering expertise, VoltMind is on a mission to modernises legacy grid management practices and drive a successful energy transition.
“Our goal is to provide advanced grid analytics that enable electricity distribution businesses to fully utilise their current assets and mitigate risks as they plan for the future,” says Michael. “By doing this, we can help facilitate the integration of more renewable energy into the grid, which is essential for a sustainable future.”
The team
VoltMind’s journey began with two researchers at the University of Melbourne, Michael Liu and Vincenzo Bassi, and their PhD supervisor, Nando Ochoa, working in the Department of Electrical and Electronic Engineering. The three saw the potential to make a significant impact on the energy sector using their advanced software analytics. The team has since expanded to include expertise in software delivery, with the addition of Ari Laverty, Chief Engineer. “It’s a different world, but seeing our customers find value in what we’ve created is incredibly rewarding,” reflects Michael.
Achievements and the road ahead
VoltMind is gearing up for a significant milestone, the launch of their product in the fourth quarter of 2024, having already partnered with two of Australia’s leading electricity distributors through paid pilots. Additionally, they recently celebrated the momentous occasion of issuing their first paychecks to their co-founders, a symbolic achievement for any startup.
Looking ahead, VoltMind is focused on three key objectives: engaging more with users to understand their needs, building and refining their platform, and expanding their customer base to include more electricity distributors across Australia.
Lessons from TRAM and a vision for the future
Participating in TRAM Air has provided VoltMind with invaluable insights, particularly in areas like founder performance and mental health, which are often overlooked but crucial for long-term success. Reflecting on his experience, Michael shares, “One of the key takeaways for me has been about founder mental health. It’s a topic I used to avoid, but being part of TRAM made me realise how important it is to talk about these things. It’s natural to go through ups and downs in the startup world.”
He continues, “Being in this environment with other TRAM participants has been incredibly valuable. It’s like a network where we can share our wins and worries. Startups are challenging, so having people around who understand and can offer support really helps. There’s so much expertise here, not just in technical areas, but also in entrepreneurship and looking after each other.”
VoltMind co-founder Vincenzo Bassi has also reflected on the program, sharing ‘The personalised mentorship from successful entrepreneurs helped sharpen our value proposition, refine our business model, and solidify our investment strategy. Participating in the TRAM Air programme was a game-changer for VoltMind.”
As VoltMind moves forward, Michael is optimistic about the future: “I’m grateful for my co-founders and the journey we’re on together. I believe we can achieve great things, and I’m excited about what lies ahead.”
Read more about our 2024 TRAM Air cohort HERE.
If you’re interested in applying for TRAM Air in 2025, please fill out our expression of interest form or email Masha Pelipas, TRAM Air Program Manager: maria.pelipas@unimelb.edu.au.
Connect with VoltMind
CEO & Co-Founder: Michael Liu
CTO & Co-Founder: Vincenzo Bassi
Chief Engineer & Co-Founder: Ari Laverty
Chief Scientist & Co-Founder: Nando Ochoa
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