renewable energy Archives

Queensland renewables storage veteran charges up with $15 million raise after a decade bootstrapping

Startup Daily - March 10, 2025 2 MIN READ

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 »

Business

Fleet Space teams up with US hydrogen explorer startup in global hunt for renewable energy

Simon Thomsen - February 25, 2025 2 MIN READ

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 »

Business

Energy retailer Amber Electric powers up with Charge HQ app takeover

Simon Thomsen - January 28, 2025 2 MIN READ

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 »

Funding

MGA Thermal recharges pre-Series B again with $200,000 from Electrifi Ventures

Simon Thomsen - December 3, 2024 2 MIN READ

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 »

Climate Tech

Green Gravity, which is turning old mineshafts into energy storage, raises $9 million

Simon Thomsen - October 16, 2024 2 MIN READ

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 »

Climate Tech

The giant Cannon-Brookes-backed SunCable solar farm in Central Australia just got approved

Simon Thomsen - August 21, 2024 2 MIN READ

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 »

Climate Tech

A Canberra experiment using EVs for power after transmission lines were cut shows they have a role to play in grid emergencies

Bjorn Sturmberg - July 10, 2024 4 MIN READ

Electric vehicles are an increasingly common sight on Australian roads. Each one cuts carbon emissions by half compared to fossil fuel vehicles, but increases household electricity use by 50%. This extra electricity demand could be a major strain on the grid unless the charging of vehicles is coordinated. But the large batteries in electric vehicles… Read more »

Climate Tech

NSW is ramping up its sweeteners for household batteries

Simon Thomsen - May 24, 2024 2 MIN READ

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 »

Climate Tech

Canva goes big on green power to cut supply chain emissions in the US

Startup Daily - May 24, 2024 2 MIN READ

Design giant Canva has partnered with US sustainability and carbon reduction platform Watershed to cut the impact of its energy use with renewables. The deal, announced at the annual Canva Create conference, being held in the US for the first time, will tackle what are known as scope 3 emissions. They can cause up to… Read more »

Business

Solar battery startup Redback’s back from the brink with new owners

Simon Thomsen - May 13, 2024 2 MIN READ

Brisbane solar battery startup Redback Technologies is out of voluntary administration after two months with new owners in charge. Fintech Australia Ebon has put an initial $500,000 into the business after creditors approved a deed of company arrangement (DOCA) earlier this month to allow Redback, founded in 2015, to trade its way back to profitability,… Read more »

Funding

Renewable energy startup MGA Thermal tops up with $5.7 million raise

Simon Thomsen - April 16, 2024 2 MIN READ

Clean energy startup MGA Thermal, has raised an additional $5.7 million to develop its thermal energy storage (TES) system. This round was backed by existing investors including Main Sequence and Melt Ventures with specialist clean tech investor JEKARA joining the cap table. The new capital tops up an $8 million in September last year. MGA Thermal has… Read more »

Funding

National Renewable Network secures $10 million for retail solar and battery roll out

Simon Thomsen - January 17, 2024 2 MIN READ

Green energy infrastructure startup National Renewable Network (NRN) has secured $10 million in funding as part of its ambition to provide low cost solar and battery setups to 250,000 Australian homes by 2030. The funding facility of up to $10 million has come from Catalytic Impact Capital, an impact/ESG-focused private credit business offering secured loan… Read more »

Climate Tech

The Cannon-Brookes-backed SunCable project wants to build a $1 billion manufacturing plant in Tasmania for its 4200km underwater power line

Simon Thomsen - November 6, 2023 2 MIN READ

The $30 billion SunCable project, backed by Atlassian billionaire Mike Cannon-Brooks, wants to build the high voltage under power cable that will stretch from Darwin to Singapore at a manufacturing facility in Northern Tasmania. Bell Bay, 50km north of Launceston, at the mouth of the Tamar River, has been named as SunCable’s preferred site for… Read more »

Climate Tech

Mike Cannon-Brookes gets his hands on the $30 billion SunCable project

Simon Thomsen - September 11, 2023 3 MIN READ

Atlassian cofounder and billionaire investor Mike Cannon-Brookes has taken charge of the $30 billion SunCable solar power project he once labelled as “insane”, with the deal to buy it from the company’s administrators going through last week. Helietta Holdings a joint venture company affiliated with his family venture capital firm, Grok Ventures, in partnership with… Read more »

Events

The ARENA Renewables Showcase is on the hunt for startups to pitch for funding

Startup Daily - August 7, 2023 2 MIN READ

The annual ARENA Renewables Startup Showcase is heading to Melbourne this year, with applications now open for startups interested in taking part. Pioneering startup network Innovation Bay and the Australian Renewable Energy Agency (ARENA) have teamed up again for the fourth showcase, which takes place on Wednesday, November 1, at Cargo Hall in Melbourne. They’re looking for early… Read more »

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