The federal government-backed Clean Energy Finance Corporation (CEFC) is investing up to $40 million in household renewable energy fintech Brighte. The investment will share 2% off the cost of loans for home energy efficiency improvements, including solar and battery systems, energy-efficient heating and cooling, insulation, and EV chargers, with Brighte launching a new discounted green… Read more »
The NSW Government’s Investment Delivery Authority (IDA) has received 48 major investment proposals worth $136 billion in just 10 weeks since it opened the first round of expressions of interest. Treasurer Daniel Mookhey announced IDA in the June budget, setting aside $17.7 million to get it up and running to “cut through red tape” and… Read more »
A Sydney startup using batteries to replace gas for industrial heat, and cut business energy costs, has raised more than $2 million. Good Heat will deploy large-scale thermal energy storage (TES) systems powered by cheap renewable electricity to provide industrial heat at prices below gas. Plans for Australia’s largest heat battery development, for a significant… Read more »
Australian-founded AI infrastructure startup Firmus Technologies is heading to mainland Australia with a $73.3 billion plan in partnership with CDC Data Centres and Nvidia to build four more AI data centres in capital cities. The initial deal for Project Southgate – the plan to build an AI data centre in Tasmania – is worth $4.5 billion,… Read more »
A proposed constellation of satellites has astronomers very worried. Unlike satellites that reflect sunlight and Reflect Orbital would produce light pollution by design. The company promises to produce “sunlight on demand” with mirrors that beam sunlight down to Earth so solar farms can operate after sunset. It plans to start with an 18-metre test satellite… Read more »
As the electrification of transport and heating accelerates, many worry the increased demand could overload national power grids. In Australia, electricity consumption is expected to double by 2050. If everyone charges their car and heats water using electric systems at the same time, peak demand could rise sharply, forcing costly grid upgrades. But this would… Read more »
Renewable energy retailer Amber has raised another $45 million in venture capital as it ramps up global ambitions for its battery and EV automation technology. The round was led by UK/Europe-based impact investor ETF (Environmental Technologies Fund) Partners and supported by existing backers including Square Peg, Gentrack, Rubio Impact Ventures, and Breakthrough Victoria. Amber previously raised $29… Read more »
Victorian solar and thermal storage scaleup RayGen has finally completed its Series D raise after 12 months, tapping out with $127 million in total. The total comes 12 months after the Series D kicked off with a $51 million announcement – $20m from Breakthrough Victoria and a $31m follow-on and lead investment from NYSE-listed SLB.… Read more »
Victorian climate tech startup Phnxx has raised $1.8 million in Seed funding to scale its modular energy system for the construction, mining and agriculture sectors. The round was supported by ASX-listed engineering company Synertec, ENGIE Factory, deep tech VC Pacific Channel, LaunchVic’s Hugh Victor McKay Fund and several angel investors. Synertec has partnered with the… Read more »
A Queensland renewable energy tech company has taken on its first external investment, banking $15 million in a round led by Ellerston Capital’s Industrial Growth Fund and Fifth Estate Asset Management. The raise for EcoJoule Energy, which provides solutions for managing renewable energy integration, will be used for international expansion, as well as a national… Read more »
South Australian satellite exploration startup Fleet Space has partnered with US startup Koloma in the hunt for natural hydrogen around the world. Fleet’s space-based mapping platform, ExoSphere, will be used by Koloma, which has raised US$400 million in venture funding, to generate real-time 3D subsurface imaging of prospective hydrogen-forming geological formations. While many tech companies… Read more »
Power retailer Amber Electric has acquired the electric vehicle (EV) smart charging app Charge HQ as the renewables-focused startup positions itself as a key player in the energy management solutions. The terms of the deal were not disclosed. Charge HQ allows EV owners to recharge directly from rooftop solar, optimising it based on grid conditions… Read more »
MGA Thermal has added climate tech fund Electrifi Ventures and Climate Salad to its cap table with another top up of the clean energy startup’s pre-Series B, taking the total raised to $14.15 million. While the Hunter Valley startup, developed what it calls Miscibility Gaps Alloy (MGA) Blocks to absorb and store thermal energy made from… Read more »
A Wollongong startup converting disused mining shafts into long-duration energy storage has raised $9 million to turn the idea into reality. Green Gravity was backed by HMC Capital, BlueScopeX, New Zealand’s Pacific Channel and SCAP H, a subsidiary of Japan’s Sumitomo Corporation. BlueScopeX’s hosts Green Gravity’s demonstration plant at BlueScope’s Port Kembla Steelworks facility in… Read more »
The wildly ambitious SunCable renewable energy project, which plans to build Australia biggest solar farm in the Northern Territory, has been approved by the federal government. Officially known as the SunCable Australia-Asia PowerLink (AAPowerLink), the 12,000 hectare solar farm – that’s 3000x the MCG precinct – will be built on a pastoral station between Elliot… Read more »
Daily startup news and insights, delivered to your inbox.
