Investor · 2 deals
Every published round Shell took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted, and a place in one of its own programs is under Cohorts.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| MGA Thermal | Grant | 10 Aug 2022 | $1.3m | Participant | RenewEconomy (Mon 16 Dec 2024), SmartCompany, RenewEconomy (Tue 18 Jun 2024), @AuManufacturing (Tue 18 Jun 2024), mgathermal.com (Tue 18 Jun 2024), RenewEconomy (Wed 17 Apr 2024), @AuManufacturing (Thu 3 Aug 2023), @AuManufacturing (Mon 20 Feb 2023), @AuManufacturing (Wed 31 Aug 2022), ARENA, @AuManufacturing (Wed 10 Aug 2022), RenewEconomy (Wed 10 Aug 2022), mgathermal.com (Wed 10 Aug 2022) | |
| Sonnen | Series D+ | May 2018 | $95m | Participant | RenewEconomy (Mon 18 Feb 2019), RenewEconomy (Mon 11 Feb 2019) |
Everyone Shell has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
| Member | Program | Announced | Cheque | Sources |
|---|---|---|---|---|
| MGA Thermal | GameChanger startup accelerator fund | 2023 | $560k | SmartCompany (Fri 21 Jun 2024), SmartCompany (Fri 19 Apr 2024), SmartCompany (Tue 16 Apr 2024), SmartCompany (Fri 24 Feb 2023) |
Companies Shell has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| MGA Thermal | 10 Aug 2022, Grant | 2 | 1 | |
| Sonnen | May 2018, Series D+ | 1 | 0 |
Fund closes reported for Shell, as distinct from the investments it has made.
Companies Shell has backed that another company then bought. An exit for the holding, not a deal Shell did.
Companies Shell acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Powershop | Acquisition | 24 Nov 2021 | ~$729m | SmartCompany, RenewEconomy |
| ERM Power | Acquisition | 2020 | - | Startup News (WA) (Fri 3 Sep 2021), Startup News (WA) (Thu 17 Dec 2020), Startup News (WA) (Thu 15 Oct 2020) |
| Sonnen | Acquisition | 15 Feb 2019 | - | SmartCompany, RenewEconomy |
| Name | Role | Sources |
|---|---|---|
| Mark Gainsborough | Executive Vice President of New Energies | RenewEconomy |
Stories naming Shell. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Gridcog, an Australian-founded energy modelling platform now headquartered in London, has landed a US$10 million ABB-led Series A, with Axpo, DNV Ventures, VERBUND X Ventures, AlbionVC and CEFC joining.
Also pv-magazine-australia.com·gridcog.com·Cut Through Venture
Ampyr has locked in bank debt above A$340m, a Zen Energy virtual offtake and Fluence as battery supplier for its first large battery in NSW, with a 6 GWh storage goal for 2030.
Analysis of ADNOC's proposed cash takeover of Australian gas producer Santos, arguing the deal may harm domestic gas supply and national interests, with government, regulators and shareholders able to block or condition it.
US investment firm KKR has agreed to buy Zenith Energy, an Australian specialist in off-grid renewable power for mines, in a transaction reported at over A$2 billion following a bidding contest.
Sydney workforce-credential platform MyPass Global has closed a $7.5 million Series A round led by venture firm OneVentures, with funds earmarked for product development and growth across the Americas.
Weekly roundup of seven Australian and New Zealand raises totalling $42.8 million, spanning property-investment AI, workforce credentialing, allied-health practice software, conversation analytics, maths learning games, copper processing and holiday-park bookings.
Workforce credentialing platform MyPass has secured $7.5 million in Series A backing from OneVentures to grow across the Americas and further build its Skills Passport product. Scalare Partners seeded the company in 2020.
Also SmartCompany
Chevron partners with NSW thermal-storage maker MGA Thermal on a FEED study toward a possible trial; the piece also recounts earlier raises from Main Sequence, ARENA, Melt Ventures, Jekara and Shell.
Chevron, MGA Thermal's first major customer, will run an engineering study of a five-megawatt-hour clean steam unit using the Newcastle company's thermal storage technology, with Anacapa as EPC partner; the budget is undisclosed.
Manufacturing news roundup: GreenHY2 and Atomo Diagnostics receive government grants, Seaport Therapeutics closes a US$225m Series B, Orthocell secures $17m, Genevo Marine opens a crowdfunding offer, and the ACCC clears Accolade's wine acquisition.
Oceania Biofuels withdraws its planned Gladstone refinery from federal approval; the article surveys a biofuels sector in retreat, from Fulcrum's US collapse to Carnarvon abandoning a WA plant and Jet Zero's new backers.
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
Weekly roundup detailing funding rounds by five Australian and New Zealand startups: a diversity analytics platform, a thermal energy storage maker, a carbon accounting service, an activated carbon producer, and legal communications software.
Thermal energy storage company MGA Thermal secured $5.7 million from Main Sequence, Melt Ventures and new backer JEKARA, taking its round near $14 million; Shell had earlier invested $560,000 through its GameChanger accelerator fund.
Also Startup Daily·mgathermal.com·RenewEconomy·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·@AuManufacturing·RenewEconomy·RenewEconomy
Roundup of four Australian startups that each announced fresh capital this week: a caregiver healthcare app, a green ammonia producer, a clean energy project modelling platform, and a wellness advice marketplace.
Also SmartCompany
Seven startups, including Australians Economical Energy and Onvol, join the third cohort of Studio X, a Shell-backed California accelerator offering investment and mentorship in energy and climate tech.
Swedish energy group OX2 has acquired Australian solar developer Esco Pacific for $126 million; founder Steve Rademaker gains $42.8 million plus a possible $17 million earnout, while Shell exits its 49 per cent stake.
Weekly roundup covering four startup raises: DataMesh's bank-backed Series A, GigaComm's shareholder funding, Chronicle's presentation-tool round, and MGA Thermal's seed via Shell's accelerator.
A NSW thermal energy storage startup won roughly $560,000 from Shell's GameChanger accelerator for its Tomago pilot, which earlier drew $1.27 million from the federal renewable energy agency.
MGA Thermal won about US$400,000 (A$560,000) from Shell's GameChanger program to speed up its energy-storage demonstration plant near Newcastle, part of a pilot budgeted near A$3 million.
Ex-prime minister Malcolm Turnbull has taken an undisclosed equity stake in US solar steam firm GlassPoint and joined its advisory board, as the Blackrock-rescued company pursues a giant solar heat project in Saudi Arabia.
Wrap-up of conference sessions in Darwin on consumer data, ESG lending and provenance trends for cattle businesses, noting US virtual-fencing startup Vence securing corporate backing from Shell and Merck.
Shell's takeover of Powershop from Meridian Energy has upset green-minded customers; Environment Victoria cut ties, while renewable-focused retailers reported sign-up surges as defectors shop elsewhere.
Also SmartCompany
Two WA startups, Gridcognition and Cass Materials, join other Australian companies pitching at Startmate's first remote demo day; the piece also recalls the founders' earlier sale of Greensense and Shell's takeover of ERM Power.
Windlab shareholders approved a Forrest-backed takeover led by Federation Asset Management and Squadron Energy, valuing the wind developer near $68 million, while Infigen urged caution over a $777 million bid from UPC and AC Energy.
Also RenewEconomy
Oil major Shell has completed its takeover of German home battery maker Sonnen, setting up a contest with Tesla and LG Chem, with the piece also noting Sonnen's Adelaide plant and other oil majors' clean-energy purchases.
Also SmartCompany
Speculation that Shell may deepen ties with or acquire German battery maker Sonnen, recalling Shell's 2018 investment, its Greenlots purchase, and Sonnen's funding history including European Investment Bank money.
Also RenewEconomy