Startup · $43m raised
Adelaide, SA
Every investor coverage indicates participated in a round Zen Energy raised.
| Investor | Rounds | Invested |
|---|---|---|
| HD Renewable Energy Co (HDRE) | Unnamed stage | $43,000,000 |
Companies Zen Energy acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Zen Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Zen Energy faces liquidation after administrators blamed its risky solar-heavy trading strategy; its Zen Futures infrastructure unit was sold for $45 million, and creditors look likely to recover little.
Administrators McGrathNicol say troubled renewable retailer Zen Energy must liquidate, blaming a risky trading strategy; creditors face heavy losses, its infrastructure arm was sold for $45 million, and a Gunvor retail deal collapsed.
A large South Australian battery has stood idle for weeks because part-owner Zen Energy entered voluntary administration, triggering its market suspension, while its hoped-for sale to commodities trader Gunvor collapsed.
Renewable utility Zen Energy has entered voluntary administration despite regulators clearing Gunvor to buy its retail business; McGrathNicol is administrator and customers moved to AGL.
Competition regulator approval lets Swiss trading giant Gunvor proceed with buying Zen Energy's retail arm and power purchase agreements; terms undisclosed. Article weighs whether the newcomer will challenge Australia's dominant gen-tailers.
The competition regulator has cleared Swiss trader Gunvor to buy Zen Energy's retail arm and linked PPAs; terms undisclosed. The article asks whether the deep-pocketed newcomer will challenge Australia's big three gen-tailers.
Zen Energy says its sale process is advancing with a preferred bidder amid reports naming Gunvor; the piece also recaps HDRE's stake purchase and Zen's financial losses.
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.
Australia's renewable energy agency conditionally allocates up to $143 million to twenty named recipients for a national rollout of as many as 370 community batteries, with a second grant round flagged.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
Briefs roundup: LBT Innovations raises extra shareholder funds, Simec de-merges from Zen Energy leaving Garnaut in control, CSIRO flags mission spending, and a Riverina freight hub advances.