NRN to scale dispersed energy platform ahead of VPP boom
SYDNEY, Aug. 12, 2025/ PRNewswire/– NRN (National Renewable Network), Australia’s leading dispersed energy facilities platform, has actually settled a $ 67.2 million Series A financing round, among the biggest ever in Australian environment tech. The raise consists of equity and financial obligation, with significant assistance from a superannuation-linked fund.
NRN makes it possible for energy sellers like Alinta Energy (an NRN-partner merchant) to use consumers solar and battery systems without any in advance expenses, payments, or system upkeep costs. With NRN, sellers can rapidly develop a dispersed renewable resource portfolio and white-label it as their own Virtual Power Plant strategy.
This substantial capital raise, making up both equity and financial obligation, is backed by a few of Australia’s leading environment innovation financiers, led by Investible, Virescent Ventures, Electrifi Ventures, Ecotone Partners’ freshly developed World Fund, and a significant financial obligation dedication from Infradebt handled funds (consisting of the Australian Ethical Facilities Financial Obligation Fund). Throughout the raise, Neu Capital has actually been serving as NRN’s financial obligation consultant.
The Series A likewise accompanies a huge rise in interest in solar, battery, and VPP strategies in Australia, with significant federal government rewards for house owners who set up renewable resource.
” Countless Australian house owners desire solar however the expenses are expensive, and every energy merchant wishes to scale up their solar power generation” stated Alan Hunter, CEO and Creator of NRN “Our platform incorporates tech, information, capital, compliance, and market gain access to, to nicely resolve the issue at both ends. For consumers, it’s access to solar without any in advance costs. For energy sellers, NRN can immediately develop or scale dispersed energy services without capital-intensive balance sheet problems, while keeping total ownership of the consumer experience. Our distinct design is purposefully structured around empowering partners, never ever taking on them.”
In the previous 24 months, NRN has actually broadened its network by more than 600 percent, with over $ 12 million in renewable resource properties under management and almost 10 megawatt hours of set up battery capability. With overall financing now surpassing $ 85 million, the business is placed as Australia’s relied on, data-driven dispersed energy platform. NRN anticipates to release an extra 40 megawatt hours of battery storage over the next 12 months.
NRN’s design permits partners to use solar and battery systems to homes without any in advance expenses, no concealed costs, no payments, and no continuous system upkeep. This eliminates the monetary barriers for households and makes it possible for energy sellers and solar service providers to quickly grow their portfolios without capital direct exposure.
With this brand-new financing, NRN will speed up the rollout of its nationwide platform and continue broadening its function as the connective layer in between market, federal government, and regulators. The business is concentrated on allowing prevalent access to renewables, reinforcing partner services, and providing significant customer cost savings.
With more than 4 million roof planetary systems now set up throughout Australia, our energy market has actually essentially altered. Each system imitates a small power plant, pressing energy back into the grid unmanaged, triggering volatility in the market, unless all properties are linked into a VPP. However this decentralised boom, while great for renewables, has actually likewise set off increasing energy costs and market volatility, as energy sellers face diminishing need and moving supply.
NRN was constructed to resolve this. By running as an independent facilities layer in between the solar market and energy sellers, NRN assists stabilise the grid, lower expenses for homes, and provide solar and battery systems without any in advance payment, opening tidy energy for those who can’t manage to hand over 10s of thousands to go it alone.
Financier Prices Estimate:
” This Series A marks Investible’s 3rd financial investment in NRN given that leading their seed round in March 2024,” stated Ben Lindsay, Financial Investment Principal at Investible “This newest raise represents the biggest financial investment from our fund to date, highlighting the conviction we have actually integrated in the group, the design, and the scale of the chance. In simply over 18 months, NRN has actually grown its network by more than 505% by fixing among the hardest difficulties in energy: making tidy energy available and economical for homes. We’re enjoyed invite our co-lead, Virescent, and other remarkable financiers to the cap table. NRN is developing both a business and a classification with international capacity, and we’re happy to be on the journey with them.”
“ Virescent Ventures is happy to support NRN in its Series A. Alan and the NRN group have actually constructed a clever, scalable service to among the most important difficulties dealing with Australia’s energy shift– grid stability,” stated Blair Pritchard, Partner at Virescent Ventures. “ Australia’s shift to renewables has actually reached a defining moment– without the quick implementation of battery storage and dispersed generation innovation, the energy shift will stall. NRN’s organization design and innovation can assist resolve this by quickly opening extra storage capability, while democratising access to solar and battery innovation. It will assist more homes gain from renewable resource and battery innovation without the in advance expenses, while assisting sellers and reducing pressure on the grid. NRN provides a clever service for customers and the energy market, and a huge advance in decarbonising the electrical power grid.”
” Infradebt is pleased to supply a custom financial obligation funding service to support the quick development of the NRN platform,” stated Chin-Lee Yu, Co-Founder at Infradebt “The develop out of domestic battery storage and VPPs will be a crucial next action in the energy shift.”
” NRN exhibits the sort of organization the World Fund is created to support, where access to cost-efficient capital is important to accomplishing scale and decreasing emissions,” stated Amanda Goodman, Partner, World Fund “Its ingenious organization design, which needs both equity and non-dilutive financial obligation to scale, lines up with our thesis of releasing versatile capital to speed up environment services and assist individuals conserve cash. We’re especially delighted by NRN’s possible to drive significant family decarbonisation and add to reduce energy emissions strength.”
” We’re happy to have actually supported this critical deal, which places the business to scale its operations and accelerate its Series A equity raise,” stated Jason Watts, Handling Director, Neu Capital “This financial obligation raise highlights the depth of financier cravings for premium chances in the energy shift sector.”
” I’m enjoyed be backing NRN for the 3rd time through Electrifi Ventures, in addition to a number of times personally. It’s been incredible to view their journey, and this raise provides the runway to genuinely remove– accessing capital at an extremely effective rate and having actually effectively bridged the valley of death that many start-ups deal with. I’m happy to be part of assisting get services like this off the ground,” stated Danin Kahn, Electrifi Ventures.
About NRN
NRN is an Australian renewable resource business improving how homes gain access to solar and battery systems. Specialising in Virtual Power Plants, NRN makes tidy energy economical and available. Current collaborations with Alinta Energy and Jacana Energy emphasize NRN’s capability to provide ingenious, scalable energy services throughout the nation.
SOURCE National Renewable Network