The Commonwealth Bank has made a second major investment in a digital startup, investing $20 million in a series B round for electricity retailer Amber. The deal follows a $30 million investment by CBA for a 23% stake in e-commerce retail platform Little Birdie. The Amber investment gives CBA a 25% stake in the business.… Read more »
The Commonwealth Bank is launching a CommBank Green Loan for its home loan customers to purchase and install renewable technology, offering an interest rate of just 0.99%. CBA Group Executive Angus Sullivan said the move was part of the bank’s commitment to net zero emissions by 2050. “The CommBank Green Loan offers an historically low… Read more »
Victoria is planning to build a 300 megawatt Tesla battery near Geelong, snatching the title for the Southern Hemisphere’s biggest battery from South Australia. French renewable energy company Neoen will pay for construction of the lithium-ion battery, as well its ongoing operation and maintenance, Victorian energy minister Lily D’Ambrosio announced today. The 300MW battery will be… Read more »
Green is more than a corporate colour at Bunnings with the Wesfarmers-owned hardware chain announcing today that it will power its 260-plus stores Australia-wide with 100% renewable electricity by 2025. The move is part of a pledge to achieve net zero Scope 1 (direct) and 2 (indirect) emissions by 2030. Grocery retailer ALDI recently announced… Read more »
A $9 million project to make cheaper rooftop solar panels by replacing the silver in production with copper has attracted $8 million in funding. The cash for NSW startup SunDrive includes $5m Series A investment led by Blackbird Ventures and Grok Ventures, the family investment fund of Atlassian co-founder and renewable energy campaigner Mike Cannon-Brookes and… Read more »
ShineHub, a solar energy startup, has launched Australia’s first choose-your-own-retailer virtual power plant (VPP), giving homes with a battery the chance to make more money supplying electricity when it’s needed most. Co-founder Alex Georgiou said ShineHub set out to reduce the complexity, confusion and financial barriers for access to solar and battery solutions and joined… Read more »
As the global renewables transition accelerates, the future for coal regions has become a big worry. This raises an important question: can renewables create the right jobs in the right places to employ former coal workers? According to our new research, the answer in many cases is “yes”. Renewable energy jobs provide a good match… Read more »
As the corona virus rages and infection fears increase plastic consumption is on the rise. At supermarkets, among the few places allowed to stay open, customers are increasingly using disposable plastic bags amid concerns reusable ones will spread the disease. In cafes, reusable cups have been banned seeing a return to single use containers. It’s… Read more »
Chargefox raises $15 million to build network of ultra-rapid charging stations for electric vehicles
Chargefox, a startup building a network of ultra-rapid charging stations across Australia for electric vehicles, has raised $15 million to start construction.
Adrian Merrick’s explanation of what Energy Locals does is rather to the point: “We sell cleaner energy for a fixed fee and without screwing customers.”
Fintech Brighte secures $20 million debt facility from NAB to help Australians buy renewable energy solutions
Fintech startup Brighte has secured a $20 million debt funding facility from National Australia Bank (NAB).
The government will work alongside each Regional Partnership to develop region-specific strategies and practical solutions for their digital needs.
The EnergyLab accelerator has been developed with Climate-KIC Australia to help four startups with new products or services become market-ready.
CreativeHQ is adding to its range of accelerators with Lightning Lab Electric, focused on businesses working across the areas of electricity & sustainable energy.
Brisbane solar energy startup Redback Technologies has today announced a strategic investment of $9.3 million into the company from Energy Australia.