AGL Energy

AGL Energy is one of Australia's foremost integrated energy companies, with a strong emphasis on renewable energy generation. With over 175 years of experience, AGL operates a significant retail and merchant energy business, managing over 4 million electricity and gas accounts, which constitutes approximately one-third of the Australian market. The company boasts a diverse power generation portfolio that includes base-load, peaking, and intermediate generation plants, utilizing both traditional thermal sources and renewable energy such as hydro, wind, landfill gas, and biomass. AGL is committed to advancing a sustainable energy future for its investors, communities, and customers, and it is recognized as the largest ASX-listed owner, operator, and developer of renewable energy assets in Australia.

Gary Brown

CFO

Damien Nicks

CEO, Managing Director and Board Member

Past deals in Electricity

RayGen

Series D in 2025
RayGen is an Australian technology company focused on solar power and electricity storage. Its Solar Power Plant provides on-demand renewable energy by combining PV Ultra solar cogeneration with electro-thermal storage to deliver utility-scale, time-shifted power and synchronous generation. The system is designed to be located where the grid requires flexibility and can support dispatchable electricity for grid services, cogeneration, and potential green hydrogen production. RayGen manufactures high-efficiency solar modules at a 25 MWac facility in Melbourne and has deployed 1 MWac PV Ultra projects under power purchase agreements. The company employs around 30 people across engineering, manufacturing, operations and sales and has received support from government programs such as ARENA and Victoria’s New Energy Jobs Fund.

Kaluza

Corporate Round in 2024
Kaluza is an intelligent grid technology company focused on transforming the energy sector through innovative software and hardware solutions. The company addresses the challenges faced by grid operators, energy suppliers, and device manufacturers in integrating a vast number of energy-intensive appliances, such as electric vehicles, into the grid. By offering a real-time software platform, Kaluza enhances flexibility within the energy system. This platform optimizes individual devices using an energy operating system and demand response strategies, thereby enabling suppliers to promote decarbonization with smart, low-carbon technologies. Kaluza's approach not only reduces operational costs but also enhances customer engagement, contributing to the broader goal of achieving a zero-carbon world.

Tilt Renewables

Acquisition in 2021
Tilt Renewables is a specialist in renewable energy, focusing on the development and operation of wind farms to generate electricity. The company aims to be a leading player in Australia and New Zealand's renewable energy sector.

Epho

Acquisition in 2021
Epho specialises in the construction and maintenance of large-scale systems. The company serves its clients by developing and delivering renewable distributed energy resources and managing these resources on their commercial and industrial sites.

Solgen Energy Group

Acquisition in 2021
Solgen Energy Group is a prominent contractor specializing in commercial solar engineering, procurement, and construction (EPC) projects, with a mission to make solar power accessible to all. The company employs a diverse team of professionals, including engineers, finance specialists, sales personnel, project managers, installers, and customer relations experts, to deliver renewable energy solutions tailored for businesses throughout Australia. Through its comprehensive approach, Solgen Energy Group aims to facilitate the transition to clean energy, promoting sustainability and efficiency in the commercial sector.

Click Energy Pty

Acquisition in 2020
Click Energy Pty Ltd is an Australian-based retail company that specializes in the provision of electricity and gas. Founded in 2006 and headquartered in Melbourne, the company operates primarily as an online retailer, catering to the energy needs of residential and business customers. As of September 2020, Click Energy is a subsidiary of AGL Energy Limited, which has allowed it to leverage a broader infrastructure and resources within the energy market.

Sunverge

Series C in 2016
Sunverge Energy Inc. is a company that develops and operates a cloud-based platform for the aggregation and management of distributed energy resources. Founded in 2010 and headquartered in San Francisco, California, with an additional office in Fortitude Valley, Australia, Sunverge offers solutions such as the Sunverge Solar Integration System (SIS) Release 1.2, which facilitates the distribution of renewable energy generation and storage. The company also provides the Sunverge SISport load management software, designed to optimize residential energy use by managing peak load demands. Sunverge serves a diverse clientele, including homeowners, small and medium-sized businesses, utilities, and electricity regulators. The company has established strategic partnerships with industry leaders like LG Electronics and Eaton to enhance its service offerings.

Macquarie Generation

Acquisition in 2014
Macquarie Generation is a New South Wales State Owned Corporation established in 1996, primarily engaged in the production and wholesale distribution of electricity within the National Electricity Market of Australia. As the owner and operator of electricity power stations, the company plays a vital role in the energy sector, contributing to the generation of electricity to meet the demands of consumers and businesses alike. Through its operations, Macquarie Generation supports the stability and reliability of the electricity supply across the region.
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