National Renewable Network (NRN), Australia’s leading distributed energy infrastructure platform, has closed a landmark $67.2 million Series A funding round, marking one of the largest climate tech raises in Australian history. The round, comprising both equity and debt, received major backing from a superannuation-linked fund and top-tier climate-focused investors.
Empowering Energy Retailers with Solar & Battery Solutions
NRN’s innovative platform enables energy retailers such as Alinta Energy to offer customers solar and battery systems with no upfront costs, repayments, or maintenance fees. Retailers can white-label NRN’s solutions as their own Virtual Power Plant (VPP) offerings, rapidly building distributed renewable energy portfolios without capital-intensive balance sheet exposure.
This partner-first model gives retailers full customer ownership while NRN handles the integration of technology, data, capital, compliance, and market access.
“Millions of Australian homeowners want solar but the costs are prohibitive, and every energy retailer wants to scale up their solar energy generation,” said Alan Hunter, CEO & Founder of NRN. “Our model gives customers solar access without upfront fees and empowers energy retailers to scale distributed energy without heavy capital investments.”
Record Growth & Future Expansion
Over the last 24 months, NRN has grown its network by over 600%, now managing $12 million in renewable energy assets and nearly 10 MWh of installed battery capacity. With this Series A funding, total capital raised now exceeds $85 million.
The company plans to deploy an additional 40 MWh of battery storage in the next 12 months, accelerating nationwide adoption of renewable energy while stabilising the grid.
Addressing Australia’s Energy Transition Challenges
Australia’s 4+ million rooftop solar systems have created a decentralised power boom but also grid volatility and rising energy prices. NRN acts as an independent infrastructure layer, connecting households, the solar industry, and energy retailers to:
-
Stabilise the grid by integrating assets into VPPs
-
Lower household energy costs
-
Remove financial barriers to renewable adoption
-
Help retailers scale renewable offerings without heavy capex
Investor Endorsements
The Series A round was led by Investible and Virescent Ventures, with participation from Electrifi Ventures, Planet Fund, and a major debt commitment from Infradebt.
-
Investible: “NRN has grown its network by 505% in just over 18 months by making clean energy affordable for households. This is our third investment in NRN,” said Ben Lindsay, Investment Principal.
-
Virescent Ventures: “Without rapid deployment of battery storage, Australia’s energy transition will stall. NRN’s scalable model democratises access to renewables,” said Blair Pritchard, Partner.
-
Infradebt: “We are proud to provide bespoke debt financing to support NRN’s rapid growth in residential battery storage,” said Chin-Lee Yu, Co-Founder.
-
Planet Fund: “NRN’s business model aligns with our goal of financing scalable climate solutions that save money and reduce emissions,” said Amanda Goodman, Partner.
The Road Ahead
With Series A funding secured, NRN will:
-
Expand its national platform for solar & battery deployment
-
Strengthen partnerships with energy retailers
-
Enhance VPP integration to reduce grid volatility
-
Increase renewable energy accessibility for households
By acting as the connective tissue between industry, government, and regulators, NRN is positioning itself as a pivotal player in Australia’s renewable energy transition.
