A Newcastle-based battery storage startup backed by energy giant Origin has raised $17.5 million in a Series A. Allegro Energy has developed water-based Redox Flow Batteries (RFB) to store renewable energy and plans to build an 800 kWh pilot storage plant at Origin’s Eraring site later this year. The round was led by US climate change… Read more »
Homeowners and businesses will be offered up to $2400 by the NSW government to install a battery to store solar under a new incentive program kicking off later this year The new incentive is part of the Peak Demand Reduction Scheme and includes: Between $1600 and $2400 off the up-front installation cost of a household… Read more »
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 »
Battery materials startup Sicona Battery Technologies has raised AU$22 million in a Series A for its plans in Australia and the US. The round was led by India’s Himadri Speciality Chemical Ltd, Australian VC Artesian, and Electrification & Decarbonization AIE LP, a fund managed by Waratah Capital, alongside backers including Riverstone Ventures, Chaos Ventures, Investible Climate… Read more »
Brisbane recycling social enterprise Circonomy placed in voluntary liquidation 
Words of wisdom: Live caption translator Sunflower AI wins Best New Idea in Best in Tech Awards 
Bailador tops up volunteer management startup Rosterfy with $3 million 
Australian quantum software startup Q-CTRL tops up Series B with $88 million 
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