Ledger. Australian venture funding, tracked

Investor · 1 deal

Origin Energy

Coverage

Stories naming Origin Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

Retailer that set out on a mission to disrupt legacy energy giants is being bought out by one

Origin Energy is buying Energy Locals, the membership-based power retailer founded to disrupt Australia's major gentailers. Its current owners, a consortium led by Palisade Impact, purchased it from Quinbrook about a year ago.

Also RenewEconomy·Forbes Australia

3 deals

Orica lands funding for green ammonia hub as another $2 billion put on table for hydrogen hopefuls

Australia's renewable energy agency has awarded Orica hundreds of millions for a Hunter Valley hydrogen and ammonia plant, and is consulting on a further two-billion-dollar round for green hydrogen projects.

Also RenewEconomy·RenewEconomy

News

Abu Dhabi’s takeover bid for Santos raises Australian national interest concerns

Analysis of ADNOC's proposed cash takeover of Australian gas producer Santos, arguing the deal may harm domestic gas supply and national interests, with government, regulators and shareholders able to block or condition it.

Funding announcement

Manufacturing news briefs — stories you might have missed

Roundup: Space Machines' joint India mission clears a design milestone with an $8.5m government grant behind it, RMIT and Skykraft scale up photonics-based navigation tech, and SunCable names a new group CEO.

2 deals

Battery maker Allegro Energy closes $17.5 million funding round

Allegro Energy has completed a $17.5 million Series A round, with The Grantham Foundation at the helm and Origin Energy, Melt Ventures and Impact Ventures also in; Origin held a five per cent stake.

Also @AuManufacturing·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy·@AuManufacturing

Seed $1m

Energy retailer behind shared renewables collective collapses amid fresh market turmoil

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.

2 deals

Re-Seeded: Tidal backs renewables startup Orkestra again in new $2 million raise

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.

Also SmartCompany·Startup Daily

Exit / M&A

Two more retailers collapse under the weight of inflated coal and gas prices

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

Exit / M&A

US investment giant BlackRock makes a $1 billion battery play in Australia, acquiring Melbourne startup Akaysha Energy

BlackRock's climate infrastructure arm is buying Melbourne battery storage developer Akaysha Energy, planning to spend A$1 billion building 1GW of storage for Australia's grid, with FIRB approval already granted.

Also RenewEconomy·Techboard·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy

6 deals

A Blockbuster moment: how climate tech became a hot startup sector

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.

3 deals

Gridcognition powers ahead reaching $4M in total funding

Perth energy software startup Gridcognition raised a $2.25 million seed round, lifting total funding to $4 million, gained new investors and clients, hired five executives, and previously exited Greensense to ERM Power.

3 deals

CEFC congratulates Gridcognition on close of seed round at nearly $4m

Energy software firm Gridcognition closed a $2.25 million seed round; CEFC committed $625,000 through its innovation fund alongside Alberts Impact Ventures, Afterwork Ventures and angel investors, taking total funding near $4 million.

Also Virescent Ventures portfolio·gridcog.com·Startup News (WA)

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