About Blockchain in Energy sector in Australia
The Blockchain in Energy sector in Australia comprises 16 companies, including 5 funded companies having collectively raised $48.1M in venture capital money and private equity. Out of these, 2 are Series A+ funded.
Blockchain in Energy sector in Australia has seen 1 acquisition. This represents almost 6.3% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies which leverage the blockchain technology to cater to the energy sector.
Companies developing blockchain-based applications which cater to the energy industry are included in this sector. Companies developing decentralized blockchain platforms and companies developing applications which cater to industries other than energy are excluded.
Top Blockchain in Energy Companies in Australia
There are 16 Blockchain in Energy startups in Australia which include Power Ledger, Evergen, Enosi, GreenSync, RedGrid. Out of these, 5 startups are funded, with 2 having secured Series A+ funding.
Notably, several of these startups have been founded by alumni of University of Cambridge.
Here is the list of top Blockchain in Energy startups in Australia
1. Power Ledger
Online platform offering energy trading solutions. It provides a transparent, auditable, and automated market trading and clearing mechanism for the sale of surplus renewable energy generated on-site at multi-unit, multi-tenanted residential, and commercial developments and at homes and businesses connected to microgrids and the distribution network.
Key facts about Power Ledger
- Founded Year: 2016
- Location: Perth (Australia)
- Stage: Seed
- Investors: 27th Street Capital, Shell and 17 Others
- Latest Funding Round: Seed, Jun 16, 2022, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 1 of 16 Competitors
2. Evergen
Provider of decentralized renewable energy management solutions. The platform offers site optimization solutions to predict solar energy generation, asset management solutions, energy trading solutions, virtual power plant management solutions, and more.
Key facts about Evergen
- Founded Year: 2015
- Location: Newcastle (Australia)
- Stage: Series B
- Total Funding till date: $17.2M
- Investors: AMP Capital, CSIRO and 4 Others
- Latest Funding Round: Series B, Jun 22, 2022, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 12 of 165 Competitors
3. Enosi
Blockchain-based platform offering clean energy traceability solution. The platform allows customers to source electricity directly from solar and wind farms. Additionally, It allows the operators of renewable plants to offer a price directly to the end consumer.
Key facts about Enosi
- Founded Year: 2018
- Location: Sydney (Australia)
- Stage: Seed
- Total Funding till date: $1.48M
- Investors: Artesian, ReNu Energy and 3 Others
- Latest Funding Round: Seed, Oct 14, 2021, $*****
- Tracxn Score: 48/100 What is this?
4. GreenSync
GreenSync provides an online platform for decentralised energy marketplace and forecasting power prices for distributed energy resources. The "dex" platform can forecast and auto-despatch load curtailment and demand-side resources in response to peak events in markets, networks, and large facilities. GreenSync helps businesses avoid those extra costs, by helping them manage their energy need and shifting the load to those peak times. For this, they have developed automation systems to reduce the load by switching on generators, switching off pumps. Works with major retailers, big business, and large facilities. GreenSync received the Victorian Government Inspiration Award, and the Startup Award under the Pioneer Domain section at the National iAwards.
Key facts about GreenSync
- Founded Year: 2010
- Location: Melbourne (Australia)
- Stage: Acquired
- Total Funding till date: $10M
- Investors: Australian Renewable Energy Agency, Virescent Ventures and 1 Other
- Latest Funding Round: Series A, Apr 05, 2019, $*****
- Tracxn Score: 38/100 What is this?
- Competitors Rank: 16 of 80 Competitors
5. RedGrid
RedGrid is an open-source protocol and platform on the blockchain to decentralize traditional energy distribution networks. It uses a digital "energy token" to exchange the value of energy between market participants. The platform enables owners of rooftop solar panels to sell excess power generation to their neighbours via a peer-to-peer energy-trading platform.
Key facts about RedGrid
- Founded Year: 2015
- Location: Melbourne (Australia)
- Stage: Funding Raised
- Investors: Dizer capital, Free Electrons and 1 Other
- Tracxn Score: 32/100 What is this?
- Competitors Rank: 1 of 16 Competitors
Companies founded year-on-year in the Blockchain in Energy sector in Australia
5 Blockchain in Energy startups in Australia were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 2 |
2020 | 1 |
2019 | - |
2018 | 5 |
2017 | 1 |
Stage-wise distribution of Blockchain in Energy sector companies in Australia
Out of the total 16 Blockchain in Energy companies in Australia, 5 have secured funding. Among them, 2 have reached Series A or higher, and 2 to Series B or beyond.
Founded - 16
Funded - 5
Series A+ - 2
Series B+ - 2
Series C+ - 1
Company Stage | No. of companies |
|---|---|
Founded | 16 |
Funded | 5 |
Series A+ | 2 |
Series B+ | 2 |
Series C+ | 1 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Blockchain in Energy sector in Australia
Total funding year-on-year in the Blockchain in Energy sector in Australia
The Blockchain in Energy sector in Australia saw a total funding of more than $48.1M in the last 10 years. The most amount of funding was in 2017 at more than $19.5M.
- Total Funding
Year | Total Funding |
|---|---|
2022 | $10.5M |
2021 | $1.48M |
2020 | $3M |
2019 | $10M |
2017 | $19.5M |
Recent Funding Rounds in Blockchain in Energy in Australia
In the year 2022, till June 2022, Blockchain in Energy companies in Australia have raised $10.5M in equity funding across 2 rounds.
Here are some recent, important funding rounds in Blockchain in Energy companies in Australia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 1421 | Jun 22, 2022 | ||
Seed | 1983 | Jun 16, 2022 | ||
Seed | 7239 | Oct 14, 2021 | and 2 more | |
Series A | 6136 | Oct 05, 2020 | ||
Series A | 5732 | Apr 05, 2019 |
Top Investors in Blockchain in Energy in Australia
CollinStar is the top investor in Blockchain in Energy companies in Australia based on number of companies invested.
Here are some top investors in Blockchain in Energy companies in Australia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
- | ||
Sydney (Australia) | ||
Melbourne (Australia) | ||
Brisbane (Australia) | - | |
Sydney (Australia) | - |
M&A activity in Blockchain in Energy sector in Australia
In the year 2022, till April 2022, 1 acquisition happened in Blockchain in Energy sector in Australia.
Here are some recent, important acquisitions in Blockchain in Energy sector in Australia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 26, 2022 |
Acquisition trends in Blockchain in Energy sector in Australia
Here are the acquisition trends in Blockchain in Energy sector in Australia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
Top News in Blockchain in Energy in Australia
•
•
•
•
•
•
Powerledger partners with BCPG to expand Thailand projectThe West Australian•Apr 20, 2022•Power Ledger, BCPG Public Company
•
•
Tata Power unveils first-of-a-kind live solar energy trading in DelhiPower Engineering International•Mar 04, 2021•Tata Power, Power Ledger
•
