Brighte
Funding

Grok Ventures backs Brighte in $100 million raise

- January 4, 2021 < 1 MIN READ

Green energy finance provider Brighte has raised $100 million to move into energy retailing. The $100 million round was led by Grok Ventures, the family investment company run by billionaire Annie Cannon-Brookes and her husband Mike. Founder & CEO Katherine McConnell said the fund will be used in three key areas: acquiring more solar households,… Read more »

News & Analysis

IKEA’s Adelaide store will be self-powered by 2025 as the retailer eyes a move into renewable energy generation and supply

- October 14, 2020 2 MIN READ

IKEA Australia will install solar panels generating 1.2MW of electricity on the rooftop of its Adelaide store as it moves towards operating with 100% renewable energy by 2025.  The project will create largest grid-connected commercial microgrid, connecting with the South Australian power network, and will be coupled with a 3.4MWh onsite battery – think around… Read more »

Nissan Leaf
News & Analysis

Researchers are looking at turning electric vehicles into virtual power plants to create a ‘big battery’ on wheels

- July 21, 2020 2 MIN READ

Your electric car could be the solution to future blackouts at home, with researchers from The Australian National University (ANU) looking at how EVs can support the energy grid. The ANU researchers estimate that if all of Australia’s vehicles were electric they’d store enough power to equal five of the federal government’s $5.1 billion plan… Read more »