When was Energy Locals founded?

Energy Locals was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is Energy Locals located?

Energy Locals is headquartered in Melbourne, Australia.

How many employees does Energy Locals have?

As of Jul 01, 2024, the latest employee count at Energy Locals is 37.

Is Energy Locals a funded company?

Energy Locals is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Sep 26, 2018.

When was the latest funding round of Energy Locals?

Energy Locals' latest funding was a $***** Series A round on Sep 26, 2018, with participation from 1 investor.

Where does Energy Locals rank among its competitors?

Energy Locals ranks 288th amongst 828 active competitors, of which 42 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Fortum, which secured $99.1M in Jul, 2025.

Who are the top competitors of Energy Locals?

Energy Locals' top competitors include Iberdrola, Saudi Electricity and Fortum. Among them, Fortum secured the most recent funding round in July, 2025.

Energy Locals - 2026 Company Profile, Team, Funding & Competitors

Energy Locals is an acquired company based in Melbourne (Australia), founded in 2016 by Adrian Merrick. It operates as a Fixed prices for electricity. Energy Locals has raised $2M in funding. The company has 828 active competitors, including 42 funded and 259 that have exited. Its top competitors include companies like Iberdrola, Saudi Electricity and Fortum.

Company Details

Energy Locals focusses on helping customers reduce their reliance on the grid and increase their level of energy independence with fixed and affordable prices. They install energy storage units and energy generation units at communities and provide a platform to integrate customers.

Website: energylocals.com.au
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Key Metrics

Founded Year

2016

Location

Melbourne, Australia

Stage

Acquired

Total Funding

$2M in 1 round

Latest Funding Round

Series A, Sep 26, 2018, $*****

Investors

Cape Byron Power

Ranked

288^th among 828 active competitors

Employee Count

37 as on Jul 01, 2024

Similar Companies

Iberdrola & 857 more

Exit Details

Acquired by Palisade Investment Partners (Nov 11, 2024)

View Energy Locals' full profile

Energy Locals got acquired by Palisade Investment Partners on Nov 11, 2024.

Click here to take a look at Energy Locals's acquisition in detail

Energy Locals has raised a total funding of $2M over 1 round. Its latest funding round was a Series A round on Sep 26, 2018 for $*****. 1 investor participated in its latest round. Energy Locals has 1 institutional investor.

Here is the list of recent funding rounds of Energy Locals:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 26, 2018	5646564	Series A	6558459	1043975	7492805	4114647

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View details of Energy Locals's funding rounds and investors

The founders of Energy Locals is Adrian Merrick.

Here are the details of Energy Locals' key team members:

Adrian Merrick: Founder of Energy Locals.

View details of Energy Locals's Founder profiles and Board Members

Energy Locals' employee count trend

Energy Locals has 37 employees as of Jul 24. Here is Energy Locals's employee count trend over the years:

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Top competitors of Energy Locals include Iberdrola, Saudi Electricity and Fortum. Here is the list of Top 10 competitors of Energy Locals, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Iberdrola 1992, Bilbao (Spain), Public	Provider of integrated solutions and services for energy generation and sustainable development.	-	Qatar Investment Authority, IFC & 3 others	76/100
2nd	Saudi Electricity 2000, Riyadh (Saudi Arabia), Public	Electric power generator and distributor	-	Citi, MUFG Bank & 9 others	73/100
3rd	Fortum 1998, Espoo (Finland), Public	Provider of clean energy solutions	-	Taaleri, Finnfund & 3 others	73/100
4th	CESC 1879, Kolkata (India), Public	Electric utility company	$80M	Invesco Mutual Fund, Capital Group & 2 others	71/100
5th	Copel 1954, Curitiba (Brazil), Public	Power generation, transmission, and distribution company	-	-	69/100
6th	FirstEnergy Corp 1997, Akron (United States), Public	Provider of electricity production and distribution services	-	Elliott Management, Japan Asia Investment ... & 4 others	69/100
7th	Salzburg AG 2000, Salzburg (Austria), Series A	Supplier of energy, telecommunications, and internet services	-	Europa, Energie & 1 others	68/100
8th	Georgia Power 1883, Atlanta (United States), Public	Electric utility company	-	DOE, United States Department of Agriculture	68/100
9th	PGE 1990, Lublin (Poland), Public	Provider of renewable energy production services	-	Penton Partners, Europa	67/100
10th	K-Electric 1913, Karachi (Pakistan), Acquired	Public Electric Utility	$361M	FMO, GuarantCo & 1 others	67/100
288th	Energy Locals 2016, Melbourne (Australia), Acquired	Fixed prices for electricity	$2M	Cape Byron Power	27/100