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Australian Renewable Energy Agency

Oceania, Australian Capital Territory, Australia, Canberra

Description

Australian Renewable Energy Agency is a government agency that provides funding to accelerate renewable energy innovation.

Investor Profile

Australian Renewable Energy Agency has backed more than 10 startups, with 8 new investments in the last 12 months alone. The firm has led 6 rounds, about 60% of its total and boasts 56 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Series C, Series B rounds (top funding stages).
  • Majority of deals are located in Australia, United States.
  • Strong thematic focus on Renewable Energy, Energy, Education.
  • Led 6 rounds in the past year.

Stage Focus

  • Grant (70%)
  • Series C (10%)
  • Series B (10%)
  • Series D (10%)

Country Focus

  • Australia (90%)
  • United States (10%)

Industry Focus

  • Renewable Energy
  • Energy
  • Education
  • Clean Energy
  • Software
  • Solar
  • Power Grid
  • Energy Storage
  • Greentech
  • Higher Education
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Australian Renewable Energy Agency frequently co-invest with?

AGL Energy
Oceania, New South Wales, Australia, Sydney
Co-Investments: 2
TotalEnergies Ventures
Europe, Ile-de-France, France, La Défense
Co-Investments: 1
Next47
North America, California, United States, Palo Alto
Co-Investments: 1
Equinor Ventures
Europe, Rogaland, Norway, Stavanger
Co-Investments: 1
UB
North America, California, United States, San Francisco
Co-Investments: 1
Quanta Services
North America, Texas, United States, Houston
Co-Investments: 1
Breakthrough Victoria
Oceania, Victoria, Australia, Melbourne
Co-Investments: 1
Electrifi Ventures
Oceania, New South Wales, Australia, Sydney
Co-Investments: 1

What are some of recent deals done by Australian Renewable Energy Agency?

Orica Limited

Melbourne, Victoria, Australia

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets.

ChemicalManufacturing
GrantJul 4, 2025
Amount Raised: $283,132,759
Luminous

Boston, Massachusetts, United States

Embodied AI for industrials beyond human capacity (e.g. solar construction)

Solar
GrantJul 2, 2025
Amount Raised: $3,224,486
RayGen

Nunawading, Victoria, Australia

RayGen is building lowest cost, long duration solar + storage to deliver the economics of pumped hydro with the flexibility of batteries.

BatteryClean EnergyEnergyEnergy StorageManufacturingRenewable EnergySolar
Series DApr 10, 2025
Amount Raised: $79,040,363
Vast

Darlinghurst, New South Wales, Australia

Vast is a concentrated solar thermal power, delivering clean, dispatchable power and heat, and green fuels.

Power GridRenewable Energy
GrantMar 12, 2025
Amount Raised: $113,247,006
Gelion Technologies

Alexandria, New South Wales, Australia

Stationary energy storage systems and performance additives

Energy Storage
GrantDec 18, 2024
Amount Raised: $2,978,375
MGA Thermal

Newcastle, New South Wales, Australia

Making 24/7 renewables a reality through Thermal Energy Storage.

EnergyEnergy EfficiencyEnvironmental EngineeringRenewable EnergyService IndustrySustainability
Series BDec 3, 2024
Amount Raised: $2,500,000
Fortescue Future Industries

East Perth, Western Australia, Australia

Fortescue Future Industries is a mining company that is engaged in the exploration, production, processing, and sale of iron ore.

GrantDec 3, 2024
Amount Raised: $6,485,101
Vast

Darlinghurst, New South Wales, Australia

Vast is a concentrated solar thermal power, delivering clean, dispatchable power and heat, and green fuels.

Power GridRenewable Energy
GrantNov 25, 2024
Amount Raised: $19,403,837
University of New South Wales

Sydney, New South Wales, Australia

UNSW Australia (The University of New South Wales)one of Australia's leading research and teaching universities.

EducationHigher EducationMedicalUniversities
GrantNov 14, 2024
Amount Raised: $1,097,337
Orkestra

Melbourne, Victoria, Australia

Orkestra is a renewable energy software platform.

Renewable EnergySoftware
GrantNov 7, 2024
Amount Raised: $1,849,005