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Energy industries

National Renewable Network Secures $67.2 Million Series A Funding Round

Strategic Insights

— 1 min read

Australia's leading distributed energy infrastructure platform, National Renewable Network (NRN), has finalised a $67.2 million Series A funding round, one of the largest ever in Australian climate tech. The raise includes both equity and debt, with major support from a superannuation-linked fund. This significant capital raise will enable NRN to accelerate the rollout of its national platform and expand its role as the connective layer between industry, government, and regulators.

Key Takeaways:

  • NRN has finalised a $67.2 million Series A funding round, one of the largest ever in Australian climate tech.
  • The raise includes both equity and debt, with major support from a superannuation-linked fund.
  • NRN enables energy retailers to offer customers solar and battery systems with no upfront costs, repayments, or system maintenance fees.
  • The company has expanded its network by more than 600% in the past 24 months, with over $12 million in renewable energy assets under management and nearly 10 megawatt hours of installed battery capacity.
  • NRN expects to deploy an additional 40 megawatt hours of battery storage over the next 12 months.
  • The company's platform allows partners to offer solar and battery systems to households with no upfront costs, no hidden fees, no repayments, and no ongoing system maintenance.
  • NRN's model removes the financial barriers for families and enables energy retailers and solar providers to rapidly grow their portfolios without capital exposure.
  • The company is focused on enabling widespread access to renewables, strengthening partner businesses, and delivering meaningful consumer savings.

Statistics:

  • NRN has secured $67.2 million in funding, making it one of the largest Series A funding rounds in Australian climate tech.
  • The company's network has expanded by over 600% in the past 24 months.
  • NRN has over $12 million in renewable energy assets under management.
  • Nearly 10 megawatt hours of battery capacity have been installed.
  • The company expects to deploy an additional 40 megawatt hours of battery storage over the next 12 months.

Sources:

  • (VerticalNews)
  • (Industry News)

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