Investor · 2 deals
Every published round AGL energy took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| RayGen Resources | Series D+ | 10 Apr 2025 | $127m | Participant | @AuManufacturing | |
| RayGen | Series D+ | Apr 2025 | $127m | Participant | Startup Daily (23 Dec 2025), SmartCompany, Forbes Australia, Startup Daily (10 Apr 2025), RenewEconomy |
Companies AGL energy has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| RayGen | Builds large-scale solar and thermal storage infrastructure | Apr 2025, Series D+ | 1 | 0 |
| RayGen Resources | 10 Apr 2025, Series D+ | 1 | 0 |
Fund closes reported for AGL energy, as distinct from the investments it has made.
Companies AGL energy has backed that another company then bought. An exit for the holding, not a deal AGL energy did.
| Name | Role | Sources |
|---|---|---|
| Andrew Vesey | CEO and MD (former) | pv-magazine-australia.com |
| Damien Nicks | Managing Director and CEO | RenewEconomy, @AuManufacturing |
| Jo Egan | Chief Customer Officer | ARENA |
Stories naming AGL energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Offshore wind developer Oceanex Energy will shut down in 2026 after ending partnerships and abandoning Australian and New Zealand projects, with co-founder Andy Evans urging Australia to overcome risk aversion and execute renewables opportunities.
Also RenewEconomy
US investment firm KKR has agreed to buy Zenith Energy, an Australian specialist in off-grid renewable power for mines, in a transaction reported at over A$2 billion following a bidding contest.
UK energy platform Kaluza has bought Melbourne software firm Beige Technologies, its first big move since AGL Energy took a minority stake, having earlier bought out Ovo Energy's Australian business.
Australian solar firm SunDrive has signed a JDA with Chinese equipment makers Maxwell Technologies and Vistar, adding to partnerships with Trina Solar and AGL and an earlier Arena grant.
Blackbird partner Samantha Wong reflects on a decade of the firm's Sunrise conference and Australia's startup ecosystem, recalling Atlassian's Nasdaq listing and Aconex's float and sale to Oracle.
Also OIF Ventures portfolio·OIF Ventures portfolio·thelawyermag.com·SmartCompany·SmartCompany·LaunchVic·LaunchVic
RayGen Resources has closed a $127m Series D round led by SLB, with ARENA, AGL Energy and Photon Energy Group also taking part, to speed global rollout of its solar and thermal storage technology.
Solar storage firm RayGen has wrapped up a $127 million Series D a year after it began, with SLB leading and Breakthrough Victoria, ARENA and energy companies among the backers.
Also RenewEconomy·SmartCompany·Startup Daily·Forbes Australia
Solar panel recycler Elecsome has secured a patent for its dismantling and glass recovery methods; the piece also recaps its accelerator participation, a feasibility study with AGL and an Enel Green Power agreement.
A federal opposition senator attacks Labor's solar manufacturing program and SunDrive, which has cut staff and changed CEO while pursuing partnerships with AGL and Trina Solar to localise panel production.
Terrain Solar has handed its Marulan solar and battery project to Ratch Australia after commercial close, with AGL Energy set to acquire Terrain under a deal announced days earlier.
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·LaunchVic
RayGen has banked a $51 million Series D co-led by SLB and Breakthrough Victoria to scale its solar and thermal storage technology, alongside earlier backers AGL Energy, Equinor Ventures and ARENA.
Breakthrough Victoria announces putting $20 million into RayGen Resources, a Victorian solar and thermal energy storage maker, to support clean energy, local manufacturing and the company's growth alongside its existing backers.
Mike Cannon-Brookes' investment vehicle Grok Ventures has hired Tan Kueh, ex-Macquarie, UBS and BlackRock, as CEO, joining CIO Jeremy Kwong-Law, as it sharpens its strategy around climate investing.
ARENA grants PLUS ES $2.72 million to build hot water demand-management capability, letting AGL Energy dynamically control up to 20,000 South Australian hot water systems as part of a $5.4 million project.
The renewable energy agency announced backing for two storage projects: a feasibility study at AGL's Torrens Island station and conditional funding for Hydrostor's compressed air project at Broken Hill.
Also RenewEconomy
Fortescue announces leadership changes: Andrew Forrest becomes Executive Chairman as Elizabeth Gaines steps down, Mark Hutchinson to lead FFI, plus new appointments including Guy Debelle as CFO and board director Li Yifei.