About
CrescoNet builds AI native smart metering technology for electricity, water, and gas utilities. We implement a reliable, invisible digital backbone that just works, scales without friction, and evolves as you grow.
Focused tech, backed to build for the lifecycle
CrescoNet builds, acquires, and scales mission-critical technology across the utility value chain.
We are backed by serious technology investors PEP and Brookfield who share one conviction: The energy transition needs a modern, secure digital foundation and the patience to build it properly.
That backing is what lets us commit to evergreen architecture, deep engineering talent, and partnerships that cover the entire lifespan of the systems utilities depend on.
Proven at scale. Across continents. In production.
Our technology is not a prototype. Not a pilot. It is running in production across some of the most demanding utility environments in the world.
Behind the numbers are a growing team that led the first wave of utility digital transformation — at Intellihub, Landis+Gyr, Ausgrid, EDMI, and tier-1 operators across Asia, Europe, and North America.
Twelve years of building the digital backbone for modern utilities
Our roots go back to 2013, when we were founded as the technology division inside Landis+Gyr and later Intellihub to deliver the innovation behind Australia’s Power of Choice rollout.
We invested in AetherOS, a Silicon Valley IoT company specialising in cellular and edge computing.
By 2022 the business had outgrown its single-contract origins and was spun out as a standalone technology company.
CrescoNet is a profitable, standalone technology business operating across the US, Australia, New Zealand, Asia, and Europe.
Our mission
To make smart metering genuinely smart.
And to take the vast, complex data flowing from millions of utility devices and turn it into a reliable, secure, AI-native foundation that just works, so utilities can stop being technology integrators and go back to doing what they do best: Serving customers, operating efficiently, building the future of their AMI 2.0.
Our vision
A grid that is two-way, distributed, and intelligent at the edge.
A utility sector where every operator, whatever their size, geography, or legacy estate, can participate fully in the energy transition at a transparent affordable cost.
And a technology foundation that is open, AI-native and built to evolve. Interoperable. World-class service.
Connected
No closed systems. No vendor lock-in. No endless customization cycles. And a strong connection between teams.
Every product we build is open, interoperable, and standards based. That means we are meter agnostic, carrier agnostic, and ready to integrate with whatever comes next. Connectedness is not a technical preference. It is how we keep utilities in control of their own future.
Our experienced team connects with utility operators for their entire lifecycle.
Secure
Critical infrastructure deserves a leading security posture to match.
Certified to ISO 27001. Built against NIST frameworks. Post-quantum ready. End-to-end key management, encryption, and device identity baked in from the ground up, not bolted on later.
Cybersecurity is a precondition of trust. Not a feature we sell.
Evolving
The energy transition is moving too fast for static technology.
Our platform is evergreen by design, continuously evolving with new capabilities like edge intelligence, distributed energy orchestration, and AI-powered analytics, without forcing utilities to rip out what they already have.
Built to last means built to keep getting better and capable of growing with future needs we don’t even know about today.
Care.
Treating customers, colleagues, and partners with empathy, respect, and attention.
Valuing human connection, listening actively, and going beyond transactions to create trust and positive experiences.
Care and commitment are not just a service tier and a cost, it is standing behind the utilities operators, year after year.