Origin
Energy, a leading Australian integrated energy company, joined
German energy leader innogy
SE, Philips, Sony, World Innovation Lab (WiL), and others, as a
strategic investor in Intertrust.
As deregulation and decentralized renewable energy transform the energy
space, major utilities are turning to data-driven business models and
IoT to maintain their lead. These industry vanguards are partnering with
Intertrust to leverage the technology provider’s expertise in securing
and managing the exchange of energy data and its ability to ensure the
expectation of trust in these transactions.
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“Advancements like the proliferation of connected devices and
decentralized renewable energy sources have driven and will continue to
drive fundamental shifts in energy markets around the world, moving them
toward data-driven models,” said Frank Calabria, chief executive officer
at Origin Energy. “Intertrust is a leader in driving this transformation
globally, and is the ideal partner to help leaders in the space evolve
ahead of these changes, and capitalize on growth opportunities presented
by connecting and controlling distributed assets.”
Founded in 1990, Intertrust pioneered an entire generation of secure
computing and data rights management technologies that power modern
media distribution, app stores, and now cloud based enterprise data sets
in energy, auto and healthcare. All major media distribution systems and
app stores are built under license to Intertrust’s technologies.
Innogy and WiL have renewed their commitment to Intertrust by also
investing in this round. Additionally, Origin and Intertrust have also
entered into a research and development partnership and have formed a
joint research lab to develop new data-driven products for the global
energy market and the Internet of Things.
“Our technologies are ideal for supporting the data-driven
transformation of the energy industry,” said Talal G. Shamoon, chief
executive officer of Intertrust. “As IoT and cloud computing penetrate
the energy industry, our data rights management and secure systems
technologies are the ideal tools to enable secure data exchange, network
planning and trading for IoT-based retail, grid, trading and renewable
energy applications. Origin is a tremendous strategic partner for us;
not only is Australia a hotbed of innovation and an amazing market, but
the joint R&D partnership we’ve formed will be a crucible for developing
new technologies in the energy space.”
Intertrust’s trusted data sharing infrastructure provides utilities with
quality data management to create efficiencies and new monetization
channels for energy companies around the world. Intertrust provides the
utility industry a trusted platform that manages energy industry-related
data with the goal of helping users discover and make use of valuable
insights, while ensuring data privacy and integrity. In its nearly 30
years, Intertrust has brought revolutionary products to market that have
transformed the way distributed operating systems and digital commerce
take place. From DRM for the media market to new products in data rights
management for energy, health and automotive applications, Intertrust
continues to break boundaries and make our connected world more
trustworthy.
About Origin Energy
Origin Energy is a leading Australian integrated energy company with
approximately 4.1 million customer accounts, and over 6,000 MW of power
generation capacity. Origin Energy is also a large natural gas producer
as the upstream operator of Australia Pacific LNG, its incorporated
joint venture with ConocoPhillips and Sinopec, which supplies natural
gas to domestic markets and exports LNG under long term contracts to
China and Japan.
About Intertrust
Intertrust provides trusted computing products and services to leading
global corporations – from mobile, CE and IoT manufacturers, to service
providers, and enterprise software platform companies. These products
include the world’s leading digital rights management (DRM), software
tamper resistance, and technologies to enable private data exchanges for
various verticals including energy, entertainment, retail/marketing,
automotive, fintech, and IoT.
Founded in 1990, Intertrust is headquartered in Silicon Valley with
regional offices in London, Tokyo, Mumbai, Bangalore, Hyderabad,
Beijing, Seoul, Riga, and Tallinn. The company has a legacy of
invention, and its fundamental contributions in the areas of computer
security and digital trust are globally recognized. Intertrust holds
hundreds of patents that are key to Internet security, trust, and
privacy management components of operating systems, trusted mobile code
and networked operating environments, web services, and cloud computing.
Additional information is available at intertrust.com,
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