The Clean Energy Innovation Fund is the largest dedicated Australian investor of its kind. It was created as a specialist financier to invest $200 million in early-stage clean energy companies.
The Fund targets technologies and businesses that have passed beyond the research and development stage and which can benefit from early stage seed or growth capital to help them progress to the next stage of their development.
It draws on CEFC finance to provide primarily equity finance to innovative clean energy projects and businesses which involve renewable, energy efficiency and low emissions technologies.
The Innovation Fund has made a substantial impact in a short period, with investments that demonstrate the potential for innovative companies to capitalise on the new business opportunities emerging from our clean energy transition. The Innovation Fund operates with the assistance of ARENA.
Relectrify’s ground-breaking technology gives used batteries a second life, optimising energy from stronger cells to unlock unused capacity. The recycled batteries can be used in the home as well as for utility-scale grid backup.
The Zen Ecosystems intelligent energy management solutions could save Australian businesses up to 25 per cent on their energy use industry-leading levels of energy efficiency.
The Wattwatchers devices and data streams, combined with software tools and analytics, allow rooftop solar generation, grid power and overall household and business consumption to be managed remotely through the cloud.
Energylab, Australia’s first dedicated clean energy accelerator program,is supporting innovative start-up businesses in energy generation, monitoring and trading; electric vehicles, energy efficiency, waste management and new farming technologies.