Distributed energy infrastructure platform National Renewable Network (NRN) has closed a landmark $67.2 million Series A funding round—one of the largest in Australian climate tech.
This significant capital raise is backed by some of Australia’s premier climate tech investors, led by Investible, Virescent Ventures, Electrifi Ventures, Ecotone Partners’ newly established Planet Fund, and a major debt commitment from Infradebt managed funds.
NRN operates as the comprehensive infrastructure backbone for Australia’s distributed energy sector, providing energy retailers such as Alinta Energy (one of NRN’s partner retailers) and solar retail partners (SRPs) with advanced digital platforms, robust data solutions, contractual frameworks, and market-integrated business support.
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NRN enables energy retailers to enter and scale in the distributed energy market without taking on capital risk, asset ownership, or operational overhead. Retailers lead with their own brand and customer relationship, while NRN provides the VPP (Virtual Power Plant) infrastructure, solar and battery systems, and technical expertise to deliver solar and battery plans that are financially compelling and operationally seamless.
NRN founder and CEO Alan Hunter said, “Our core strength lies in seamlessly integrating technology, data, capital, compliance, and market access, allowing our energy partners to unlock exponential growth.
“With NRN, retailers can quickly build a distributed renewable energy portfolio and white-label it as their own Virtual Power Plant plan that doesn’t carry a customer conflict of interest. This enables energy retailers to instantly establish or scale distributed energy businesses without capital-intensive balance sheet burdens, while maintaining complete ownership of their customer experiences.”
In the past 24 months, NRN has expanded its distributed energy network by more than 600%, now managing over $12 million in renewable energy assets and approaching 10MWh of installed battery capacity. With total funding now exceeding $85 million, the company expects to deploy an additional 40MWh of battery storage over the next 12 months.
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Hunter said, “NRN isn’t selling solar or batteries to end consumers. We’re building the infrastructure that lets our partners deliver real value to households with no upfront cost.
“On average, customers are saving $800 to $1,000 per year on their energy bills. While a traditional $18,000 solar and battery setup might save more, around $2,000 annually, most households can’t afford that investment. With NRN, energy retailers can offer the smarter, more accessible path forward and as more partners join the network, the more valuable and powerful the entire ecosystem becomes.”
NRN’s scalable platform enables energy retailers and solar providers to offer customers solar and battery systems with zero upfront costs, no hidden fees, no repayment options, lower energy bills, and no system maintenance, all while removing traditional financial barriers and rapidly expanding their distributed renewable portfolios.
