Battery, EV charger
Climate Tech

The federal government just tipped another $5 billion into its runaway home battery program, but its existing problems remain

- December 16, 2025 3 MIN READ

Over the weekend the federal government announced major changes to its A$2.3 billion home battery subsidy program. The changes include nearly $5 billion in extra funding and adjustments to the financial support provided for different-sized batteries. They follow recent reporting by The Conversation that the program is subsidising unnecessarily large home batteries and blowing out… Read more »

Amir Hooshang Taheri
Climate Tech

Battery efficiency startup Voltavate powers up on $850,000 pre-Seed raise

- June 11, 2025 2 MIN READ

Melbourne renewables battery startup Voltavate has raised $850,000 in a pre-Seed round to make lithium-ion batteries and energy storage devices safer, more efficient and sustainable. The round was led by Artesian, with support from Investible, Electrifi Ventures, and angel investors John Wood, Christiaan Jordaan, and Steven Vassiloudis, as well as the startup’s chair, Reza Behnam.… Read more »

Funding

Fast bowler Pat Cummins backs AI-powered energy grid startup’s $7.5 million Series A

- April 8, 2025 2 MIN READ

An energy grid management platform for the renewables era has raised $7.5 million in a Series A with Australian cricket captain Pat Cummins among its investors. The round for software platform Gridsight was led by Airtree Ventures, with support from Austin-based Energy Transition Ventures, Singapore-based Aera VC, and the fast bowling superstar. The startup, which… Read more »

Climate Tech

Battery startup Allegro Energy scores $1.85 million federal grant

- February 13, 2025 2 MIN READ

Battery storage tech startup Allegro Energy has scored a $1.85 million federal government grant to bring its battery technology to mass production. The Newcastle-based startup is one of five early stage tech companies funded under the $400 million Industry Growth Program. Allegro Energy has developed water-based Redox Flow Batteries (RFB) to store renewable energy. The… Read more »

Alan Hunter NRN
Funding

Investible backs Splend cofounder’s new renewables startup in $1 million pre-Series A bridge round

- June 28, 2024 < 1 MIN READ

A renewable energy company installing home solar and batteries has raised $1 million in pre-Series A bridge funding round. The cofounder of rideshare car subscription service Splend, Alan Hunter, launched National Renewable Network (NRN) in 2021. Last Christmas NRN banked a $3.5 million raise alongside a $10 million funding facility from Catalytic Impact Capital. Investible… Read more »

RayGen Resources CEO, Richard Payne
Funding

Solar power startup Raygen generates $51 million in Series D

- April 23, 2024 2 MIN READ

Victorian solar generation and thermal storage company RayGen has kicked off a Series D raise with $20 million from Breakthrough Victoria alongside a US$20 million (A$31m) follow-on investment from NYSE-listed SLB, as part of plans to expand offshore.  RayGen uses proprietary photovoltaic solar modules that generate nearly 2,000 times more power than traditional photovoltaic systems… Read more »

Adrian Knack
Business

Queensland renewables startup Redback Technologies placed in voluntary administration

- March 11, 2024 < 1 MIN READ

Brisbane solar battery startup Redback Technologies has handed its books to voluntary administrators. McGrathNicol were appointed administrators of Redback Operations Pty. Ltd on March 5, as the company was in Sydney exhibiting at the Smart Energy Expo. Redback continues to trade as the administrators seek expressions of interest for the sale or recapitalisation of all… Read more »

Gridmo
Funding

Grok Ventures backs renewable energy startup gridmo in $500,000 pre-Seed raise

- October 9, 2023 2 MIN READ

A renewable energy software startup to emerge out of the Startmate program has raised $500,000 in its first external round. Power systems engineers Jarman Stephens and Damien Vermeer cofounded gridmo earlier this year to fast track renewable energy grid connection studies. It was built to MVP in Startmate’s summer 23 cohort. The raise was led by the… Read more »

Renewable Metals CEO Luan Atkinson, CTO Mark Urbani, board members Gary Johnson and Peter Beaven, Investible's Ben Lindsay and director Nick Vines.
Funding

Battery recycling startup Renewable Metals charges up on $8 million Seed round

- October 5, 2023 2 MIN READ

Western Australian battery recycling startup, Renewable Metals has raised $8 million in Seed funding to address low levels of lithium battery materials recovery. The round was led the Investible’s Climate Tech Fund, with support from the Clean Energy Finance Corporation (CEFC) through Virescent Ventures, which tipped in $2.5 million, and US VC the Grantham Foundation… Read more »

The EnergyLab 2023 scaleup program cohort
Accelerator

Here are the 10 startups climate tech accelerator EnergyLab selected for its scaleup program

- June 27, 2023 3 MIN READ

EnergyLab has chosen six Australian climate tech startups in a cohort of 10 for its latest scaleup program Now in its fourth year, the industry-led EnergyLab’s Scaleup Program helps the startups involved develop initiatives to fast-track decarbonisation of the grid. The program offers startups the chance to collaborate with Australia and New Zealand’s most innovative… Read more »

energy
Funding

CEFC pours $100 million more into Mike Cannon-Brookes-backed renewables finance firm Infradebt

- April 27, 2023 2 MIN READ

Federal government investment fund the Clean Energy Finance Corporation (CEFC) has doubled down on its funding for Infradebt, tipping an additional $100 million into the ACT-based renewables financing firm, taking its total backing to $150 million. Infradebt is a specialist infrastructure project finance fund manager/financier, providing capital for renewables and battery storage projects as well… Read more »

Neoen Hornsdale Battery Reserve
Climate Tech

CSIRO says Australia’s renewable energy storage capacity needs to 10x to keep the lights on

- March 29, 2023 2 MIN READ

The shift to renewable energy to meet net zero targets will mean Australia has to dramatically scale up its battery storage capacity, a new report from national science agency,CSIRO says. The Renewable Energy Storage Roadmap outlines a 10 to 14-fold increase is required in electricity storage capacity between 2025-2050 for the national electricity market (NEM) to… Read more »

Andrew Forrest
Climate Tech

Elon Musk bet on batteries, fellow billionaire Twiggy Forrest on green hydrogen – but we’ll need both to power the future

- October 11, 2022 3 MIN READ

The battle of the billionaires has become the stuff of headlines. The world’s richest man, Elon Musk, has gone head-to-head with Australia’s richest man, billionaire Andrew “Twiggy” Forrest. Musk, founding investor in battery-powered car giant Tesla, has famously mocked hydrogen fuel-cell vehicles as “mind-bogglingly stupid”. Forrest has just placed a very large bet on green… Read more »

Politics

Why Australian politicians should welcome the AGL takeover plan by Mike Cannon-Brookes

- February 25, 2022 4 MIN READ

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week: We need to ensure that our coal-fired generation of electricity runs… Read more »