Startup · $5m raised
Australian utility partner of Neara
Every investor coverage indicates participated in a round Ausnet raised.
| Investor | Rounds | Invested |
|---|---|---|
| Federal Government | Grant | - |
| Australian Government | Grant | - |
Companies Ausnet acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Ausnet. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian grid-modelling startup Neara raised a $90 million Series D led by TCV, valuing the company above $1 billion, funding ML and expansion.
Fourteen projects won grants under the federal government's Grid Enhancing Technologies program, including EV charging firms Jet Charge and Charge Hub Australia, to show how EVs and other tech can ease grid constraints.
Also RenewEconomy
Neara joins the unicorn club after a TCV-led $90 million Series D at a $1.1 billion valuation, with existing backers participating; funds will fuel global expansion and engineering hires.
ARENA awards Mondo Power a $12.3 million grant to build and run a shared electric truck charging hub for heavy freight vehicles in Melbourne's west, delivered through the Driving the Nation Program.
ARENA commits $2.4 million to EVX for 250 kerbside EV chargers across three Australian states, funded through the Driving the Nation Program, with electricity distributors and a retailer supporting the rollout.
Also @AuManufacturing
FRV Australia proceeds with its Terang battery in Victoria after a $1.2 billion portfolio refinancing; the piece also recalls a state grant and the 2021 project purchase from Ace Energy.
Also RenewEconomy
A federal minister flagged work on a grid data exchange, with ARENA funding AEMO and AusNet's design effort and backing GridWise Energy Solutions' software to connect renewables.
ARENA grants GridWise Energy Solutions $337,000 toward its Dynamic Model Validation project, an online platform that lets renewable generators pre-check their models for faster grid entry.
Also RenewEconomy
ARENA has granted AEMO $1.2 million, with AusNet as partner, to design shared digital infrastructure for integrating consumer energy resources into the National Electricity Market, building on the earlier Project EDGE trial.
Victoria's first funding round under its expanded neighbourhood battery program backs 25 batteries across six projects, with AusNet and its Mondo arm taking the largest share and several community energy groups also funded.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
Ex-Clean Energy Finance Corporation chief Oliver Yates becomes chair of battery developer GMR Energy, which last year acquired Maoneng's storage portfolio and is advancing a grid-scale battery in Victoria with AusNet.