Government · 2 deals
Every published round German Government 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 |
|---|---|---|---|---|---|---|
| Edify Energy | Grant | 29 Jan 2023 | $40m+ | Participant | RenewEconomy (29 Jan 2023), RenewEconomy (29 Jan 2023) | |
| Vast Solar | Grant | 27 Jan 2023 | $40m | Participant | RenewEconomy (5 Jun 2023), RenewEconomy (16 May 2023), RenewEconomy (13 Feb 2023), RenewEconomy (29 Jan 2023), RenewEconomy (11 Oct 2022) |
Companies German Government has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Edify Energy | Australian renewable energy company and hydrogen hopeful | 29 Jan 2023, Grant | 1 | 0 |
| Vast Solar | 27 Jan 2023, Grant | 1 | 0 |
Fund closes reported for German Government, as distinct from the investments it has made.
Companies German Government has backed that another company then bought. An exit for the holding, not a deal German Government did.
| Name | Role | Sources |
|---|---|---|
| Bettina Stark-Watzinger | Education Minister | RenewEconomy |
| Robert Habeck | Economy Minister | RenewEconomy |
Stories naming German Government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Quantum Brilliance, a Canberra-based maker of diamond-based quantum chips, has drawn fresh equity from the National Reconstruction Fund and more from Breakthrough Victoria to build a diamond foundry, with prior grants and backers recapped.
Vast's chief executive argues hydrogen demand is maturing, with shipping and aviation emerging as anchor customers for green methanol and eSAF, and points to government grant funding for the company's Port Augusta methanol project.
Crunchbase's analysis finds venture funding for chip startups rebounding in 2024 on AI demand, recapping large recent deals at Black Semiconductor, Tenstorrent, PsiQuantum, Celestial AI, Recogni and Eliyan, plus Astera Labs' IPO.
Vast Renewables' Port Augusta methanol plant has won planning approval; the article recalls February funding commitments from ARENA and a German government program for construction.
Vast Renewables and Mabanaft have finalised A$40m in government funding for their SM1 green methanol plant at Port Augusta: up to A$19.48m from ARENA, up to €12.4m via Germany's HyGATE program.
Also @AuManufacturing
Vast Solar has lined up a share subscription from Canberra Airport Group worth as much as $US10 million ahead of its NYSE listing, with ARENA grant backing for its Port Augusta plant.
Queensland and Germany launch a joint bioeconomy research programme backed by $3 million, while the article recalls Vast Solar and the Solar Methanol Consortium winning HyGATE grant funding for a green methanol plant in Port Augusta.
Canberra and Berlin award HyGATE initiative grants to green hydrogen projects led by Edify Energy with Siemens and by ATCO, plus electrolyser developer Hysata, backing early stages of gigawatt-scale Australian plans.
Also RenewEconomy