The National Renewable Network (NRN), a leading platform revolutionising access to renewable energy assets in Australia, is proud to announce the successful completion of its $1M pre-Series A bridge funding round.
NRN’s model is designed to revolutionise how consumers access distributed energy resources for their homes and businesses, making sustainable energy solutions more accessible and impactful.
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NRN’s model aligns with the objectives of energy retailers and consumers, offering solar and battery installations at no upfront cost. This approach reduces homeowners’ energy bills, increases property values, and supports grid stability.
By 2030, NRN aims to outfit hundreds of thousands of Australian homes with cost-cutting solar and battery systems, significantly advancing renewable energy usage. By 2040, this impact is expected to scale to over 2 million homes worldwide.
The Asia-Pacific-based venture capital firm Investible led this round through its Climate Tech Fund. Investible contributed over $400,000 to the funding round.
“We are thrilled to support NRN in their mission to make renewable energy accessible to all Australians,” Investible Climate Tech Fund investment manager Ben Lindsay said.
“Their innovative model addresses environmental and economic challenges, providing a scalable solution that benefits homeowners, energy retailers, and the broader energy grid.”
NRN CEO Alan Hunter said, “Securing this Pre-Series A funding is a crucial step in setting the foundation for a large Series A round later this year.
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“We are grateful for the support of Investible, Electrifi Ventures, and our other investors. Their backing validates our vision and efforts to make renewable energy solutions affordable and accessible.
“Over the next few months, we will work closely with Investible to prepare for the next capital raise, which will enable us to scale our operations and bring the benefits of solar and battery systems to more homes across Australia.”
