Company
Every investor coverage indicates participated in a round TransGrid raised.
Companies TransGrid acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming TransGrid. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
RenewEconomy covers Ace Power's Narrabri solar and battery proposal entering the federal environment referral queue, and reports TagEnergy has just bought the developer to expand its Australian renewables pipeline.
Edify Energy has referred its Brewongle solar farm and battery project for federal environmental assessment, its third such entry in two months, while reportedly preparing a possible sale with Lazard Australia seeking buyers.
Built-world software firm Sitemate has closed a $27.5m Series A led by Blackbird at a valuation above $150m; Blackbird also backed its 2022 seed, and Sitemate bought Nomad Fleet this year.
Also Startup Daily
ARENA grants GridWise Energy Solutions $337,000 toward its Dynamic Model Validation project, an online platform that lets renewable generators pre-check their models for faster grid entry.
Also RenewEconomy
Opinion piece by Hydrostor's regulatory affairs director arguing Australia's Capacity Investment Scheme should do more to incentivise long-duration storage, pointing to the company's Broken Hill project and reliability risks.
Construction software startup Sitemate has secured $7.5 million in pre-Series A funding, led by Marbruck Investments with Blackbird and Artesian participating, and intends to double headcount during 2024.
Neara, an energy-sector digital twin platform, has raised a $15.25 million Series B extension with Prosus Ventures leading and prior backers Square Peg and Skip Capital returning, to fund US and European expansion.
ARENA awards Infravision a government grant to develop and trial drone-based line monitoring sensors that unlock extra capacity on existing transmission lines, with data supplied to Transgrid.
Also @AuManufacturing
ARENA announced funding for Edify Energy's advanced-inverter battery beside its Darlington Point solar farm in NSW, expanded to 150 MW, with the NSW Government adding money under its Emerging Energy Program.
Canadian compressed air storage developer Hydrostor has secured a US$250 million preferred equity commitment from Goldman Sachs Asset Management, funding its Australian and California projects and expanding its global long-duration energy storage pipeline.
Roundup of Australian manufacturing news: Hemideina's $10 million raise, ARENA funding an electric bus fleet trial, Pure Hydrogen taking a stake in H2X, plus updates on Carbon Revolution, Li-S Energy and Lynas.
Opinion piece by Hydrostor and Energy Estate executives arguing compressed air storage can serve Australia's grid, citing Hydrostor's financing round with Meridiam, its Broken Hill project, and overseas storage investments.