Investor · 1 deal
Major Australian energy retailer
Every published round Energy Australia 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 |
|---|---|---|---|---|---|---|
| Redback Technologies | Unnamed stage | 2016 | $9.3m | Participant | Startup Daily (13 May 2024), Startup Daily (11 Mar 2024), RenewEconomy |
Companies Energy Australia has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Redback Technologies | 2016 | 1 | 0 |
Fund closes reported for Energy Australia, as distinct from the investments it has made.
Companies Energy Australia has backed that another company then bought. An exit for the holding, not a deal Energy Australia did.
Stories naming Energy Australia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Akaysha Energy's 415 MW Orana battery in New South Wales has reached commercial operation, with EnergyAustralia taking 200 MW under a virtual tolling deal, lifting the developer's operating storage past four gigawatt-hours.
Competition regulator approval lets Swiss trading giant Gunvor proceed with buying Zen Energy's retail arm and power purchase agreements; terms undisclosed. Article weighs whether the newcomer will challenge Australia's dominant gen-tailers.
The competition regulator has cleared Swiss trader Gunvor to buy Zen Energy's retail arm and linked PPAs; terms undisclosed. The article asks whether the deep-pocketed newcomer will challenge Australia's big three gen-tailers.
Singapore state-owned Sembcorp has bought Alinta Energy, owner of Victoria's Loy Yang B coal generator, for $6.5 billion, with no early closure planned; its remote energy assets were recently sold to APA.
Singapore state-owned Sembcorp has acquired Alinta Energy, which owns the Loy Yang B power station in Victoria, for $6.5 billion. Jeff Dimery remains chief executive and no early closure is planned.
Also RenewEconomy
Australia names 16 battery storage projects as winners of its largest Capacity Investment Scheme tender, totalling 4.13 GW, with EnergyAustralia, Atmos Renewables, Equis, Akaysha Energy and others among the successful bidders.
EVP explains its decision to back Termina, whose software pools small businesses' energy purchasing to cut costs and emissions, citing traction across thousands of meters and its founding team.
Orkestra, a Melbourne clean-energy software firm, won $2.77 million in ARENA co-funding to accelerate commercial EV charger rollout; a year earlier it banked $2 million in seed funding from Tidal Ventures.
RenewEconomy reports renewables retailer Maximum Energy, trading as Circular Energy, was suspended and wound up, its customers moved to big-three retailers; it also recalls earlier retailer collapses and Oxamii's seed backing.
Akaysha Energy has $650 million from 11 banks and an EnergyAustralia offtake to build its Orana battery in NSW, which it calls the world's largest single-battery investment; BlackRock bought the company in 2022.
Brisbane battery maker Redback Technologies exits voluntary administration under new owner Australia Ebon, which injected an initial $500,000; earlier backers Energy Queensland, the Clean Energy Finance Corporation and Energy Australia are recalled.
ARENA puts $6.2 million toward SA Power Networks' Energy Masters trial, equipping 500 South Australian homes with smart devices and energy management tech, alongside state government, research, retail and finance partners.
Also ARENA·ARENA·@AuManufacturing
Brisbane solar battery maker Redback Technologies has entered voluntary administration, with McGrathNicol appointed on 5 March; the firm keeps trading while a sale or recapitalisation is sought.
The government renewable energy agency is granting millions to a metering company for a platform that aggregates household energy devices into flexible demand across the national grid.
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.
Melbourne renewables software firm Orkestra has secured $2 million in a follow-up seed round led again by Tidal Ventures, alongside Rampersand, Impact Ventures, Luxem and four climate tech investors, with a Series A next.
Two small electricity retailers, Mojo Power and QEnergy, have been wound up by a Queensland court and suspended from the national market, with regulators transferring thousands of their customers to other providers.
Also RenewEconomy
Clean energy software startup Orkestra Energy has emerged from stealth with a $1.1 million round led by Tidal Ventures, with angels participating, to grow its team and roll out its platform across Australia.
A Climate Salad community leader argues climate tech keeps booming, citing global investment data and listing recent raises by member startups FloodMapp, Gridcognition, Accurassi, Trace, Cecil and World's Biggest Garage Sale.
Victoria is funding more than $7 million in grants for renewable hydrogen ventures, supporting hydrogen bus trials, a refuelling station, hydrogen production facilities, and the state's first hydrogen-powered cremation prototype.