Australian Renewable Energy Agency

The Australian Renewable Energy Agency (ARENA) was established on 10 July 2011 as part of the Australian Government's Clean Energy Future package. As an independent statutory authority under the Commonwealth Authorities and Companies Act 1997, ARENA aims to enhance the competitiveness of renewable energy technologies and increase the supply of renewable energy in Australia. Since its operational start on 1 July 2012, ARENA has managed the administration of projects and initiatives previously overseen by the Australian Centre for Renewable Energy and the Department of Resources, Energy and Tourism. Additionally, as of 1 January 2013, ARENA has taken on the responsibilities of the Australian Solar Institute. With approximately $3 billion available for investment, ARENA plays a crucial role in advancing renewable energy projects across the country.

Ivor Frischknecht

CEO

Ian Kay

CFO

Past deals in Energy Storage

RayGen

Series D in 2025
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

Vast

Grant in 2025
Vast is a renewable energy company specializing in concentrated solar thermal power (CSP) systems. It generates, stores, and dispatches carbon-free electricity and industrial heat, enabling the production of green fuels.

Gelion Technologies

Grant in 2024
Gelion Technologies specializes in innovative energy storage solutions, focusing on stationary systems using patented zinc bromide gel non-flow batteries. These systems are designed to be safe, robust, long-lasting, and cost-effective. Additionally, the company develops performance additives for enhancing safety, durability, and energy density of lithium-ion batteries.

MGA Thermal

Series B in 2024
MGA Thermal specializes in developing novel materials and technologies for thermal energy storage. Their solutions aim to enhance electrical grid stability, residential/commercial heating, industrial processes, waste heat recovery, and electric vehicle charging. The company's primary focus is enabling intermittent renewable energy sources like solar and wind to provide reliable base load electricity.

Fortescue Future Industries

Grant in 2024
Fortescue Future Industries (FFI) is a global green energy and product company committed to producing zero-emission green hydrogen from 100 percent renewable sources.

Vast

Grant in 2024
Vast is a renewable energy company specializing in concentrated solar thermal power (CSP) systems. It generates, stores, and dispatches carbon-free electricity and industrial heat, enabling the production of green fuels.

Amber Electric

Grant in 2024
Amber Electric Pty Ltd is an Australian company based in Melbourne, founded in 2017. It specializes in delivering electricity at wholesale prices, allowing customers to benefit from real-time pricing that reflects the availability of renewable energy. By encouraging users to consume electricity when it is cheapest, Amber enables significant savings while promoting the integration of renewable resources into the energy grid. The company also offers an online platform for bill payments and additional services, positioning itself as a facilitator for customers to actively engage with the changing dynamics of the electricity market.

MGA Thermal

Grant in 2024
MGA Thermal specializes in developing novel materials and technologies for thermal energy storage. Their solutions aim to enhance electrical grid stability, residential/commercial heating, industrial processes, waste heat recovery, and electric vehicle charging. The company's primary focus is enabling intermittent renewable energy sources like solar and wind to provide reliable base load electricity.

Fortescue Future Industries

Grant in 2024
Fortescue Future Industries (FFI) is a global green energy and product company committed to producing zero-emission green hydrogen from 100 percent renewable sources.

Hysata

Grant in 2024
Hysata is focused on advancing hydrogen electrolyzer technology to facilitate the production of green hydrogen, aiming to significantly reduce costs to below $2 per kilogram. This innovative approach is rooted in research from the University of Wollongong's ARC Centre of Excellence for Electromaterials Science, led by Professor Gerry Swiegers. The company’s electrolyzers operate by using electricity to separate water into hydrogen and oxygen, thereby supporting the transition from fossil fuels to sustainable energy sources. Hysata's initiatives are designed to play a crucial role in helping businesses achieve net-zero emissions and accelerate the global move towards environmentally friendly energy solutions.

Jupiter Ionics

Grant in 2024
Jupiter Ionics is a company focused on the development of advanced technologies for the carbon-neutral production of green ammonia. The firm utilizes an electrolytic cell to convert air, water, and solar energy into ammonia, making its process compatible with renewable power sources. This modular and scalable technology allows industrial units to efficiently access green ammonia, supporting sustainable practices in various sectors. The team comprises dedicated scientists and engineers who are committed to advancing these innovative solutions for a more environmentally friendly future.

AGL Energy

Grant in 2023
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

JET Charge

Grant in 2023
JET Charge specializes in electric vehicle (EV) charging infrastructure in Australia. The company provides a range of EV products and services, including installations for domestic and commercial charging.

RayGen

Grant in 2023
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

Hysata

Grant in 2023
Hysata is focused on advancing hydrogen electrolyzer technology to facilitate the production of green hydrogen, aiming to significantly reduce costs to below $2 per kilogram. This innovative approach is rooted in research from the University of Wollongong's ARC Centre of Excellence for Electromaterials Science, led by Professor Gerry Swiegers. The company’s electrolyzers operate by using electricity to separate water into hydrogen and oxygen, thereby supporting the transition from fossil fuels to sustainable energy sources. Hysata's initiatives are designed to play a crucial role in helping businesses achieve net-zero emissions and accelerate the global move towards environmentally friendly energy solutions.

Vast Solar

Grant in 2023
Vast Solar delivers modular solar thermal power technology with affordable storage for solar power application projects.

AGL Energy

Grant in 2022
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

Fortescue Future Industries

Grant in 2022
Fortescue Future Industries (FFI) is a global green energy and product company committed to producing zero-emission green hydrogen from 100 percent renewable sources.

MGA Thermal

Grant in 2022
MGA Thermal specializes in developing novel materials and technologies for thermal energy storage. Their solutions aim to enhance electrical grid stability, residential/commercial heating, industrial processes, waste heat recovery, and electric vehicle charging. The company's primary focus is enabling intermittent renewable energy sources like solar and wind to provide reliable base load electricity.

AGL Energy

Grant in 2022
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

5B Australia

Grant in 2022
5B Australia Pty Ltd, founded in 2013 by solar engineers Chris McGrath and Eden Tehan, specializes in the engineering, procurement, and construction of large-scale solar farms. Based in Alexandria, Australia, the company has developed an innovative prefabricated solar array technology known as MAVERICK, which allows for rapid deployment and installation by small teams. This accordion-style design revolutionizes traditional solar farm construction by enabling a shift from unpredictable field environments to controlled factory settings, enhancing efficiency and quality control while reducing risks. 5B's commitment to innovation has led it to shape the future of clean energy and make it more accessible and competitive globally. The company has worked on over 140 projects worldwide, focusing on transforming the solar supply chain and supporting a global transition to sustainable power solutions. The name "5B" reflects the vast energy potential of the planet, emphasizing the need to harness solar power efficiently. As it continues to expand its partnerships and project deployments, 5B aims to provide the fastest, safest, and most cost-effective solar array solutions for its customers.

Zenobe Energy

Grant in 2021
Zenobe Energy Limited is a company based in London that specializes in the design and manufacture of battery storage solutions for various sectors, including electric bus operators, utilities, and commercial enterprises. Established in 2016 and formerly known as Battery Energy Storage Solutions Limited, the company provides a range of services, including grid-connected energy storage, frequency balancing, and charging services. Additionally, Zenobe Energy offers a second-life battery service, which involves repurposing batteries after their initial use. Through these offerings, the company assists clients in managing their energy needs and reducing their environmental impact.

Ampol

Grant in 2021
Ampol Limited is an independent Australian company engaged in the purchasing, refining, and distribution of petroleum products across Australia, New Zealand, and Singapore. It operates primarily through two segments: Convenience Retail and Fuels & Infrastructure. The Convenience Retail segment sells fuels through a network of service stations, while the Fuels & Infrastructure segment wholesales fuels and lubricants, utilizing a comprehensive distribution system that includes depots and marine facilities. Founded in 1900 and headquartered in Sydney, Ampol has established itself as the largest and only Australian-listed petroleum refiner and distributor. The company transitioned from Caltex Australia Limited to Ampol Limited in May 2020, following the termination of its licensing agreement with Chevron. It owns and operates a refinery in Brisbane and has shifted focus to enhance its distribution and retail operations, including a significant acquisition of New Zealand's Z Energy in 2022.

ClimateWorks Australia

Grant in 2021
ClimateWorks Australia connects research and action, in order to achieve system-level transformations and net zero emissions globally. They influence decision-makers who have the authority to reduce emissions on a large scale by acting as trusted advisors. It brings together and fosters connections with a global network of groups that support effective regulations, funding, and action to reduce emissions.

RayGen

Grant in 2021
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

Genex Power

Grant in 2021
Genex Power Limited is an Australian company dedicated to the generation and storage of renewable energy. Based in Sydney, it operates a diverse portfolio of projects that includes hydro, wind, and solar energy initiatives. Key projects encompass the 50 MW Kidston Solar Project, the 250 MW Kidston Pumped Storage Hydro Project, the 270 MW Kidston Solar Project, the 150 MW Kidston Wind Project, the 50 MW Jemalong Solar Project, and the 2 GW Bulli Creek project. Since its rebranding from Allied Resources Limited in 2013, Genex Power has focused on enhancing Australia's renewable energy landscape.

UPowr

Grant in 2021
UPowr is a comprehensive platform that facilitates the adoption of renewable energy solutions for households and businesses. By simplifying the complex processes associated with the electrification of homes, UPowr enables users to efficiently access solar energy systems and battery storage. The company’s innovative software and managed services allow for the creation of personalized electrification proposals, automation of sales and service processes, and streamlined installation scheduling. This approach not only enhances the customer experience but also supports ongoing service and maintenance. By connecting clients to clean energy assets and optimizing their use according to specific energy goals, UPowr plays a pivotal role in accelerating the transition towards net-zero emissions.

Relectrify

Grant in 2021
Relectrify specializes in developing and supplying advanced battery control solutions aimed at enhancing the lifespan and reducing the costs of battery storage systems. The company's technology includes cell-level battery management and inverter solutions, which are utilized globally in various applications such as residential, industrial, and grid-scale energy storage. Their offerings are suitable for both second-life and new batteries, ensuring optimal performance and longevity.

JOLT

Grant in 2020
JOLT is a green company that promotes electric vehicles by providing free and speedy charging, powered by renewable energy. JOLT offers thoughtfully designed, fast-charging stations that blend with cityscapes. Their convenient location map, supported by local councils, ensures easy access and future growth.

Diffuse Energy

Grant in 2020
Founded in Australia in 2018, Diffuse Energy specializes in manufacturing innovative small wind turbines. These turbines are designed for diverse industries such as telecommunications, agriculture, mining, and remote communities, offering efficient energy solutions alongside existing technologies like solar PV and battery storage.

AGL Energy

Grant in 2020
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

TransGrid

Grant in 2020
TransGrid owns, operates, and manages the high-voltage electricity transmission network that links generators, distributors, and end users in New South Wales and the Australian Capital Territory. The network comprises overhead lines, underground cables, substations, interconnectors to Victoria and Queensland, and fibre telecommunications. It serves households and businesses while underpinning the National Energy Market on Australia’s east coast by enabling energy trading and access to cost-effective generation. By maintaining a reliable transmission backbone, TransGrid supports the transition to cleaner energy and ensures uninterrupted power supply to end users.

Tesla

Grant in 2020
Tesla designs and manufactures electric vehicles and energy generation and storage systems, pursuing a vertically integrated approach to product and software development. It offers a full range of electric cars, including sedans and crossover models, and markets its vehicles through company-owned stores and its website. The company also produces and sells stationary energy storage batteries for residential, commercial, and utility use, and provides solar energy generation and solar storage products. It operates a fast-charging network and develops autonomous driving software. Headquartered in Palo Alto, California, Tesla serves international markets and aims to accelerate the transition to sustainable mobility through innovation across vehicles, energy, and software.

ClimateWorks Australia

Grant in 2020
ClimateWorks Australia connects research and action, in order to achieve system-level transformations and net zero emissions globally. They influence decision-makers who have the authority to reduce emissions on a large scale by acting as trusted advisors. It brings together and fosters connections with a global network of groups that support effective regulations, funding, and action to reduce emissions.

Allume Energy

Grant in 2020
Allume Energy is a renewable technology company specializing in unlocking rooftop solar potential for multifamily housing and apartments. Its flagship product, SolShare, enables one rooftop solar installation to be shared among multiple residents within the same building, maximizing benefits and reducing grid exports.

Oven Mountain Pumped Hydro Storage

Grant in 2020
Oven Mountain Pumped Hydro Storage project is an ‘off river’ development to create an upper and a lower reservoir.

RayGen

Grant in 2020
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

Australian Gas Networks

Grant in 2020
Australian Gas Networks is an energy company based in Adelaide, Australia, focused on the distribution of natural gas. The company manages an extensive infrastructure, operating 23,000 kilometers of natural gas distribution networks and 1,100 kilometers of transmission pipelines. Its operations facilitate the delivery of natural gas to a wide range of customers across different regions, contributing to the energy needs of homes and businesses alike.

Epho

Grant in 2019
Epho specialises in the construction and maintenance of large-scale systems. The company serves its clients by developing and delivering renewable distributed energy resources and managing these resources on their commercial and industrial sites.

Glaciem Cooling Technologies

Grant in 2019
Glaciem Cooling Technologies is a manufacturing company specializing in sustainable heating and cooling solutions for commercial and industrial sectors. They offer innovative products such as phase change materials and carbon-based heat pumps, along with advanced control systems to optimize energy efficiency. Additionally, they provide consulting, engineering, and training services to support their clients' transition to more sustainable energy practices.

Neoen

Grant in 2019
Neoen is an independent renewable energy company that develops, finances, builds, and operates power plants based on solar, wind, and biomass sources across France, Portugal, Australia, Mexico, Egypt, and El Salvador. It also supports photovoltaic project developers globally.

Evenergi

Grant in 2019
Evenergi is a software-as-a-service company and eMobility consultancy, driving towards a sustainable future.

CitiPower and Powercor Australia

Grant in 2019
CitiPower and Powercor Australia are operators of electricity distribution systems that prioritize the efficient flow of electricity. They provide essential services that include connecting and extending the electricity network, facilitating solar generation, and managing embedded networks. By doing so, the company supports customers in navigating daily challenges and adapting to an evolving energy landscape. Their commitment to efficient distribution ensures reliable electricity access for communities they serve.

EnergyAustralia

Grant in 2018
A leading Australian energy provider, EnergyAustralia offers competitive electricity, gas, and solar services for residential and business customers. The company generates power from coal, gas, and renewable sources, and promotes sustainability through innovative products like solar bundles and carbon-neutral options.

Iberdrola Australia

Grant in 2018
Iberdrola Australia is a renewable energy provider headquartered in Sydney, New South Wales, specializing in the development and operation of various clean energy projects. Founded in 2003, the company focuses on generating wind and solar energy, as well as implementing energy storage solutions, microgrids, and electric vehicle charging stations. By delivering competitively-priced and sustainable energy solutions, Iberdrola Australia aims to reduce greenhouse gas emissions and support the transition to a cleaner energy future. Its diverse portfolio reflects a commitment to innovation and environmental responsibility in the Australian energy market.

Simply Energy

Grant in 2018
Simply Energy is one of Australia's fastest growing energy companies. They started providing energy in South Australia and Victoria in 2005. Today they provide electricity to customers in New South Wales, Queensland, South Australia and Victoria, plus natural gas to customers in South Australia, Victoria and some areas of NSW. They're now powering more than 600,000 customers around the country! Simply Energy is part of ENGIE, a leading global energy provider that operates in over 70 countries. They're using this global experience, technology and buying power to innovate locally and grow the services they offer Australians. Our goal is to provide Australians with affordable energy, and simple, smart ways to manage their energy usage. So, they're not only your first stop for gas and electricity: you can chat to us if you want to find out more about using solar power, storing energy in a home battery system or if you simply want to find out what you'll save by switching to more energy-efficient LED lights.

EnergyAustralia

Grant in 2018
A leading Australian energy provider, EnergyAustralia offers competitive electricity, gas, and solar services for residential and business customers. The company generates power from coal, gas, and renewable sources, and promotes sustainability through innovative products like solar bundles and carbon-neutral options.

Evenergi

Grant in 2018
Evenergi is a software-as-a-service company and eMobility consultancy, driving towards a sustainable future.

Hivve Sustainable Schools

Grant in 2018
Hivve Sustainable Schools provides clean energy and smart technology to reduce energy costs for school.

AGL Energy

Grant in 2017
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

Genex Power

Grant in 2017
Genex Power Limited is an Australian company dedicated to the generation and storage of renewable energy. Based in Sydney, it operates a diverse portfolio of projects that includes hydro, wind, and solar energy initiatives. Key projects encompass the 50 MW Kidston Solar Project, the 250 MW Kidston Pumped Storage Hydro Project, the 270 MW Kidston Solar Project, the 150 MW Kidston Wind Project, the 50 MW Jemalong Solar Project, and the 2 GW Bulli Creek project. Since its rebranding from Allied Resources Limited in 2013, Genex Power has focused on enhancing Australia's renewable energy landscape.

Zen Ecosystems

Grant in 2017
Zen Ecosystems is a company that specializes in providing energy management solutions for both commercial buildings and residential homes. Founded in 2013 and headquartered in Newport Beach, California, Zen Ecosystems offers a cloud-based platform that integrates various systems, including HVAC and lighting, to optimize energy consumption across multiple sites. Their product range includes smart thermostats designed to enhance energy efficiency and reduce utility costs. By utilizing their advanced technology, Zen Ecosystems aims to promote smart energy practices, streamline HVAC management, and minimize the carbon footprint of users, thereby contributing to environmental sustainability.

Relectrify

Grant in 2017
Relectrify specializes in developing and supplying advanced battery control solutions aimed at enhancing the lifespan and reducing the costs of battery storage systems. The company's technology includes cell-level battery management and inverter solutions, which are utilized globally in various applications such as residential, industrial, and grid-scale energy storage. Their offerings are suitable for both second-life and new batteries, ensuring optimal performance and longevity.

RayGen

Grant in 2017
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

RayGen

Series B in 2017
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

EnergyAustralia

Grant in 2017
A leading Australian energy provider, EnergyAustralia offers competitive electricity, gas, and solar services for residential and business customers. The company generates power from coal, gas, and renewable sources, and promotes sustainability through innovative products like solar bundles and carbon-neutral options.

Smart Energy Council

Grant in 2017
Smart Energy Council operates as an independent body within the Australian smart energy industry. It focuses on promoting the adoption and integration of renewable energy solutions. The organization plays a pivotal role in advocating for sustainable energy policies, providing education and resources on smart energy practices, and facilitating industry networking opportunities. It aims to accelerate Australia's transition to a net-zero emissions economy by supporting the development and implementation of smart energy technologies. Membership with the Smart Energy Council offers access to industry insights, events, and initiatives designed to drive impactful change in the realm of renewable energy.

AGL Energy

Grant in 2017
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

Ecoult

Venture Round in 2017
Ecoult is a developer of advanced energy storage solutions that enhance energy reliability and efficiency, primarily targeting the renewable energy sector. The company specializes in the Ultrabattery, a novel class of lead-acid battery technology that effectively manages energy intermittencies, smooths power delivery, and facilitates energy shifting in a safe and reliable manner. Ecoult's systems are particularly favored by wind and solar farms, as well as remote microgrid applications, due to their ability to provide grid ancillary services and support energy management. With a proven track record of implementing Ultrabattery technology in large-scale demonstration projects worldwide, Ecoult aims to ensure energy availability whenever and wherever it is needed, while also promoting sustainability and reducing emissions through its innovative storage solutions.

Neoen

Grant in 2017
Neoen is an independent renewable energy company that develops, finances, builds, and operates power plants based on solar, wind, and biomass sources across France, Portugal, Australia, Mexico, Egypt, and El Salvador. It also supports photovoltaic project developers globally.

Genex Power

Grant in 2016
Genex Power Limited is an Australian company dedicated to the generation and storage of renewable energy. Based in Sydney, it operates a diverse portfolio of projects that includes hydro, wind, and solar energy initiatives. Key projects encompass the 50 MW Kidston Solar Project, the 250 MW Kidston Pumped Storage Hydro Project, the 270 MW Kidston Solar Project, the 150 MW Kidston Wind Project, the 50 MW Jemalong Solar Project, and the 2 GW Bulli Creek project. Since its rebranding from Allied Resources Limited in 2013, Genex Power has focused on enhancing Australia's renewable energy landscape.

Ecoult

Grant in 2016
Ecoult is a developer of advanced energy storage solutions that enhance energy reliability and efficiency, primarily targeting the renewable energy sector. The company specializes in the Ultrabattery, a novel class of lead-acid battery technology that effectively manages energy intermittencies, smooths power delivery, and facilitates energy shifting in a safe and reliable manner. Ecoult's systems are particularly favored by wind and solar farms, as well as remote microgrid applications, due to their ability to provide grid ancillary services and support energy management. With a proven track record of implementing Ultrabattery technology in large-scale demonstration projects worldwide, Ecoult aims to ensure energy availability whenever and wherever it is needed, while also promoting sustainability and reducing emissions through its innovative storage solutions.

Carnegie Clean Energy

Grant in 2016
Carnegie Clean Energy develops and commercializes the CETO wave energy technology to convert ocean swell into zero-emission electricity. It also develops solar energy, battery storage and microgrid projects, and owns and commercializes its CETO intellectual property as well as Energy Made Clean, an engineering, procurement and construction company for solar and battery microgrids. The company operates projects in Australia, including the Garden Island Microgrid, and generates revenue from electricity sales. It collaborates with Hewlett Packard Enterprise to develop reinforcement learning based controllers for its CETO technology. Carnegie Clean Energy is headquartered in North Fremantle, Australia, and has evolved from Carnegie Wave Energy.

LMS Energy

Grant in 2016
LMS Energy is a renewable energy company focused on generating reliable base-load electricity from landfill biogas. The company specializes in designing, engineering, and installing biogas systems that effectively capture methane emissions from landfills. By converting landfill biogas into renewable energy, LMS Energy not only provides a sustainable energy source but also contributes to environmental preservation by reducing harmful methane emissions. This dual focus on renewable energy generation and environmental responsibility positions LMS Energy as a leader in the field of landfill biogas management.

TransGrid

Grant in 2016
TransGrid owns, operates, and manages the high-voltage electricity transmission network that links generators, distributors, and end users in New South Wales and the Australian Capital Territory. The network comprises overhead lines, underground cables, substations, interconnectors to Victoria and Queensland, and fibre telecommunications. It serves households and businesses while underpinning the National Energy Market on Australia’s east coast by enabling energy trading and access to cost-effective generation. By maintaining a reliable transmission backbone, TransGrid supports the transition to cleaner energy and ensures uninterrupted power supply to end users.

Scouller Energy

Grant in 2016
Scouller Energy develops Renewable Energy Power Generation Infrastructure.

Sunverge Energy

Series C in 2016
Sunverge Energy develops and operates a cloud-based platform for the aggregation and management of distributed energy resources, enabling co-optimization of generation, storage, and load. Its Sunverge Solar Integration System (SIS) and SISport load management software distribute renewable energy generation and storage and shape residential peak load. The company serves homeowners, small and medium-sized businesses, utilities, and electricity regulators. Founded in 2010, Sunverge is based in San Francisco, California, with an office in Fortitude Valley, Australia. It has strategic alliances with LG Electronics and collaborates with Eaton to advance distributed energy resources. Sunverge aims to make renewable power reliable, economical, and accessible by aligning services across the energy value chain, helping customers manage infrastructure investments, lower generation costs, increase system reliability, and meet renewable energy goals.

Genex Power

Grant in 2015
Genex Power Limited is an Australian company dedicated to the generation and storage of renewable energy. Based in Sydney, it operates a diverse portfolio of projects that includes hydro, wind, and solar energy initiatives. Key projects encompass the 50 MW Kidston Solar Project, the 250 MW Kidston Pumped Storage Hydro Project, the 270 MW Kidston Solar Project, the 150 MW Kidston Wind Project, the 50 MW Jemalong Solar Project, and the 2 GW Bulli Creek project. Since its rebranding from Allied Resources Limited in 2013, Genex Power has focused on enhancing Australia's renewable energy landscape.

Moreland Energy Foundation

Grant in 2015
Moreland Energy Foundation work with various sectors to implement sustainable energy projects.

RayGen

Grant in 2015
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

Neoen

Grant in 2015
Neoen is an independent renewable energy company that develops, finances, builds, and operates power plants based on solar, wind, and biomass sources across France, Portugal, Australia, Mexico, Egypt, and El Salvador. It also supports photovoltaic project developers globally.

Octillion Power Systems

Venture Round in 2015
Octillion specializes in advanced lithium-ion batteries for industrial applications and electric vehicles. Its products undergo rigorous design processes, including thermal modeling and integrated battery management systems, ensuring high-quality energy storage solutions.

Clean Energy Council

Grant in 2014
We are a not-for-profit, membership-based organisation. We represent and work with Australia's leading renewable energy and energy storage businesses, as well as rooftop solar installers, to further the development of clean energy in Australia.

AGL Energy

Grant in 2014
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

Clean Energy Council

Grant in 2014
We are a not-for-profit, membership-based organisation. We represent and work with Australia's leading renewable energy and energy storage businesses, as well as rooftop solar installers, to further the development of clean energy in Australia.

EDL

Grant in 2014
EDL provides sustainable energy solutions and electricity generation through renewable energy, remote energy & waste coal mine gas.

Carnegie Clean Energy

Grant in 2014
Carnegie Clean Energy develops and commercializes the CETO wave energy technology to convert ocean swell into zero-emission electricity. It also develops solar energy, battery storage and microgrid projects, and owns and commercializes its CETO intellectual property as well as Energy Made Clean, an engineering, procurement and construction company for solar and battery microgrids. The company operates projects in Australia, including the Garden Island Microgrid, and generates revenue from electricity sales. It collaborates with Hewlett Packard Enterprise to develop reinforcement learning based controllers for its CETO technology. Carnegie Clean Energy is headquartered in North Fremantle, Australia, and has evolved from Carnegie Wave Energy.

Ocean Power Technologies (OPT)

Grant in 2014
Ocean Power Technologies, Inc. is a leader in developing systems that convert ocean wave energy into electricity. The company operates primarily in North and South America, Europe, and Asia, offering various products, including the PB3 PowerBuoy system, which generates power independently of the electric grid for use in remote offshore locations. Their product line includes both utility and autonomous PowerBuoy systems, as well as hybrid PowerBuoy products and subsea battery systems. Additionally, the company provides services such as electric power generation, real-time data communications, and marine installation for sectors like offshore oil and gas, defense and security, science and research, and communication. Founded in 1984 and headquartered in Monroe Township, New Jersey, Ocean Power Technologies targets public and private entities that require reliable remote power solutions.

ClimateWorks Australia

Grant in 2014
ClimateWorks Australia connects research and action, in order to achieve system-level transformations and net zero emissions globally. They influence decision-makers who have the authority to reduce emissions on a large scale by acting as trusted advisors. It brings together and fosters connections with a global network of groups that support effective regulations, funding, and action to reduce emissions.

Vast Solar

Grant in 2014
Vast Solar delivers modular solar thermal power technology with affordable storage for solar power application projects.

AGL Energy

Grant in 2014
AGL Energy is a major Australian energy company involved in retail electricity and gas, power generation, and an upstream gas portfolio. It operates a diversified generation portfolio that includes coal-fired baseload plants as well as renewable sources such as hydro, wind, biomass and landfill gas, and it is a leading owner, operator and developer of renewable energy assets in Australia. The company serves more than four million retail energy accounts, comprising a large customer base across electricity and gas. Its generation business is underpinned by low-cost coal-fired capacity, contributing to profitability alongside its renewable and other generation assets. Founded in 1837, AGL Energy is the oldest company listed on the Australian Securities Exchange and ranks among Australia’s largest energy retailers and generators, with a portfolio spanning base-load, intermediate and peaking generation across traditional and renewable technologies. AGL pursues a sustainable energy future for investors, communities and customers.

Ecoult

Grant in 2013
Ecoult is a developer of advanced energy storage solutions that enhance energy reliability and efficiency, primarily targeting the renewable energy sector. The company specializes in the Ultrabattery, a novel class of lead-acid battery technology that effectively manages energy intermittencies, smooths power delivery, and facilitates energy shifting in a safe and reliable manner. Ecoult's systems are particularly favored by wind and solar farms, as well as remote microgrid applications, due to their ability to provide grid ancillary services and support energy management. With a proven track record of implementing Ultrabattery technology in large-scale demonstration projects worldwide, Ecoult aims to ensure energy availability whenever and wherever it is needed, while also promoting sustainability and reducing emissions through its innovative storage solutions.

Vast Solar

Grant in 2012
Vast Solar delivers modular solar thermal power technology with affordable storage for solar power application projects.
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