AGL Energy

AGL Energy is one of Australia's foremost integrated energy companies, with a strong emphasis on renewable energy generation. With over 175 years of experience, AGL operates a significant retail and merchant energy business, managing over 4 million electricity and gas accounts, which constitutes approximately one-third of the Australian market. The company boasts a diverse power generation portfolio that includes base-load, peaking, and intermediate generation plants, utilizing both traditional thermal sources and renewable energy such as hydro, wind, landfill gas, and biomass. AGL is committed to advancing a sustainable energy future for its investors, communities, and customers, and it is recognized as the largest ASX-listed owner, operator, and developer of renewable energy assets in Australia.

Gary Brown

CFO

Damien Nicks

CEO, Managing Director and Board Member

Past deals in Electricity

RayGen

Series D in 2025
RayGen is an Australian technology company specializing in advanced solar power and electricity storage solutions. It offers a Solar Power Plant that provides renewable energy on demand, featuring a cost-effective, long-duration solar plus storage system. This utility-scale installation enables time-shifting energy storage and synchronous generation of high-quality power, adaptable to various grid locations. The core technologies include RayGen's proprietary PV Ultra for solar cogeneration and Thermal Hydro for electro-thermal storage. With a team of 30 professionals in engineering, manufacturing, operations, and sales, RayGen has successfully developed and sold 1MWAC PV Ultra projects supported by power purchase agreements. The company manufactures its high-efficiency solar modules at a 25MWAC facility in Melbourne and has received backing from the Australian Renewable Energy Agency and the Victorian Government’s New Energy Jobs Fund.

Kaluza

Corporate Round in 2024
Kaluza is an intelligent grid technology company focused on transforming the energy sector through innovative software and hardware solutions. The company addresses the challenges faced by grid operators, energy suppliers, and device manufacturers in integrating a vast number of energy-intensive appliances, such as electric vehicles, into the grid. By offering a real-time software platform, Kaluza enhances flexibility within the energy system. This platform optimizes individual devices using an energy operating system and demand response strategies, thereby enabling suppliers to promote decarbonization with smart, low-carbon technologies. Kaluza's approach not only reduces operational costs but also enhances customer engagement, contributing to the broader goal of achieving a zero-carbon world.

Tilt Renewables

Acquisition in 2021
Tilt Renewables is an electricity generation and specializes in renewable energy, wind farm development, and operations. The company aims to be the leading developer, owner, and manager of renewable energy generation assets in Australia and New Zealand.

Epho

Acquisition in 2021
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.

Solgen Energy Group

Acquisition in 2021
Solgen Energy Group is a prominent contractor specializing in commercial solar engineering, procurement, and construction (EPC) projects. The company is dedicated to providing accessible clean energy solutions for businesses throughout Australia. With a diverse team of engineers, finance specialists, sales professionals, project managers, installers, and customer relations experts, Solgen Energy Group aims to deliver effective renewable energy solutions tailored to the needs of its clients.

Click Energy Pty

Acquisition in 2020
Click Energy Pty Ltd is an Australian retail company that specializes in the online provision of electricity and gas services. Founded in 2006 and headquartered in Melbourne, the company focuses on delivering energy solutions to consumers across Australia. As of September 30, 2020, Click Energy operates as a subsidiary of AGL Energy Limited. The company aims to provide competitive energy rates and efficient customer service in the ever-evolving Australian energy market.

Macquarie Generation

Acquisition in 2014
Macquarie Generation is a New South Wales State Owned Corporation established in 1996, primarily engaged in the production and wholesale distribution of electricity within the National Electricity Market of Australia. As the owner and operator of electricity power stations, the company plays a vital role in the energy sector, contributing to the generation of electricity to meet the demands of consumers and businesses alike. Through its operations, Macquarie Generation supports the stability and reliability of the electricity supply across the region.
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