Australia’s NRN Secures $67M Series A to Expand Distributed Energy Network

Australia's National Renewable Network (NRN), a leading distributed energy infrastructure platform, has secured $67.2 million in one of the largest Series A funding rounds in Australian climate technology. The financing, comprising both equity and a significant debt component led by Infradebt-managed funds, supports NRN’s mission to enable households to access solar and battery systems with no upfront costs, no repayments, and no maintenance fees. NRN partners with energy retailers, such as Alinta Energy, to rapidly build and white-label virtual power plant (VPP) offerings, allowing retailers to scale distributed renewable energy portfolios without capital-intensive balance sheet burdens, while retaining customer ownership. The funding round attracted top climate tech investors including Investible, Virescent Ventures, Electrifi Ventures, and Ecotone Partners’ Planet Fund, underscoring strong confidence in NRN’s scalable, technology-driven approach to overcoming the financial barriers to clean energy adoption. With over 600% network growth in the past two years and more than $12 million in renewable assets under management, NRN plans to deploy an additional 40 megawatt hours of battery storage over the next year, addressing both consumer demand and grid stability challenges. NRN’s integrated platform optimizes technology, data, capital, compliance, and market access to democratize renewable energy and empower energy retailers amid Australia’s renewable energy transition.