Startup · $20.5m raised
Every investor coverage indicates participated in a round Ark Energy raised.
| Investor | Rounds | Invested |
|---|---|---|
| ARENA | Grant | $3,020,000 |
| Australian Renewable Energy Agency | Grant | $3,020,000 |
| Clean Energy Finance Corporation | Venture debt | $12,500,000 |
| Queensland Government | Grant | $5,000,000 |
Companies Ark Energy acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Daniel Kim | CEO | @AuManufacturing, RenewEconomy |
| Michael Choi | Chief Executive Officer | @AuManufacturing |
Stories naming Ark Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of Australian manufacturing news: Iluka's refinery cost estimate, a biotech placement with a founder sell-down, a CEO appointment, a retirement, an R&D refund, a distribution deal, a CRC merger and Victorian grants.
ARENA grants AMSL Aero $5.43 million under its Advancing Renewables Program to develop Vertiia, a hydrogen-powered electric aircraft, its first hydrogen aviation project.
Also @AuManufacturing·RenewEconomy·SmartCompany·Startup Daily·Startup Daily
Steel maker BlueScope commits money and site space at Port Kembla for startup Green Gravity to build a gravity-based energy storage research lab, with construction beginning this month.
Also RenewEconomy
ARENA will fund Ark Energy's Townsville hydrogen truck deployment with $3.02 million, conditionally approved, alongside CEFC debt finance and Queensland Government support.
ARENA announced a $22.8 million grant to Viva Energy for a hydrogen refuelling station and EV charging in Geelong, with fleet partners Toll, ComfortDelGro, Cleanaway and Barwon Water committing to hydrogen vehicles.
Also ARENA·@AuManufacturing
Manufacturing news roundup covering Maggie Beer Holdings' revenue growth, an FBR-UAE study MoU, FBICRC's new CEO, ARENA funding for Ark Energy's hydrogen electrolyser, Aurora Labs' capital raise, and Austal's US expansion.