Gentrack secures Momentum Energy contract for g2 platform

Full story: https://grafa.com/en/news/australia/gentrack-secures-momentum-energy-contract-for-g2-platform

• Gentrack Group has secured a new contract with Momentum Energy to power over 200,000 residential and business metre points across Australia.

• Financial terms of the agreement were not disclosed, but the deal expands Gentrack's footprint across Australian energy retailers.

• Momentum Energy selected the platform to simplify its technology structure, lower operational costs, and build a foundation for future digital and AI solutions.

Gentrack (ASX:GTK) has signed an agreement with Momentum Energy to support more than 200,000 Australian residential and business metre points using its g2 billing solution.

The contract follows a competitive evaluation process where Momentum Energy selected Gentrack over competing technology providers based on its delivery record, regulatory compliance model, and Salesforce integration.

"We selected Gentrack because of its deep understanding of the energy market together with a proven implementation approach and success track record, a strong AI focus, and a close integration with Salesforce," said Momentum Energy Interim CEO Danny Moore.

Momentum Energy will use the g2 platform to simplify its technology architecture, reduce the cost to serve customers, and enable future artificial intelligence-driven operational efficiencies.

The contract strengthens Gentrack's client base of utility providers across Australia and New Zealand modernising their customer management and billing systems.

Following the announcement, the Gentrack share price was up at $3.54.

Gentrack continues to focus on growing its recurring revenue through cloud migration and product development across its core utility software offerings.