Formbay Invests in Diagno to Back the Future of Performance Verification in Clean Energy
Formbay today announced a strategic investment in Diagno, a performance diagnostics and telemetry platform for clean energy systems.
The investment represents a commitment to financially back the next generation of verification infrastructure — expanding beyond compliance workflows into real-time performance monitoring and system intelligence.
As Australia electrifies, industry expectations are shifting from installation compliance toward ongoing system performance, reliability, and accountability.
Daniel Sullivan, Formbay CEO and Chris Martell, Diagno CEO
This investment is about backing technology and people committed to solving genuine safety and reliability issues.
Daniel Sullivan — Founder and CEO of Formbay“Verification doesn’t end at installation and the infrastructure to support reliability, performance and safety over time needs both technology and capital behind it.”
By investing in Diagno, Formbay is funding the development of continuous monitoring and diagnostic capabilities that can identify faults, inefficiencies, and underperformance earlier in the lifecycle of clean energy systems.
The investment strengthens Formbay’s position not just as a compliance platform, but as strategic backer of technologies that enable a more proactive, data-led approach to quality assurance.
Formbay will continue to invest in performance and verification capabilities throughout 2026 as part of its broader strategy to build the Australia’s leading electrification platform.