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 already made a substantial impact in a short period, investing some $55 million in nine transactions in its first 18 months. These investments are across a diverse range of technologies - from second life batteries to smart meters; from state-of-the-art car wheels to the internet of things, and many more. They demonstrate the potential of Australian innovators to lead our transition to a low carbon economy, helping to lower carbon emissions and to deliver on the benefits of clean energy. They also demonstrate the potential for innovative companies to capitalise on the new business opportunities emerging from our clean energy transition.
Clean Energy Innovation Fund investments include:
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ZEN ECOSYSTEMS
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REDBACK
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RELECTRIFY
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SEA ELECTRIC
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THINXTRA |
WATTWATCHERS
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GREENSYNC
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CARBON REVOLUTION
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CLEAN ENERGY SEED FUND
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WATCH: GreenSync - creating a smarter electricity grid
WATCH: Carbon Revolution - reinventing the wheel
The Innovation Fund targets a diversified portfolio of Australian-based clean energy investments with a long term commercial outlook.
As part of the Innovation Fund's activities, the CEFC also provides opportunities for private and institutional financiers to support innovative clean energy investments through co-investment opportunities. Eligible investments span renewable energy, energy efficiency and low emissions technologies.
The Innovation Fund is operated in consultation with ARENA, drawing on the complementary experience and expertise of the two organisations. Final investment approval is provided by the CEFC Board, which is responsible for all CEFC investment commitments made under the CEFC Act. The Innovation Fund does not make grants.
