National Renewable Network Secures $67 Million in Debt-Led Series A

NRN, also known as the National Renewable Network, has closed a $67.2 million Series A funding round, marking one of the largest ever investments in Australian climate technology. The round includes both equity and debt, with significant backing from a superannuation-linked fund.

The company operates as Australia’s leading distributed energy infrastructure platform. It enables energy retailers such as Alinta Energy, one of its partners, to provide customers with solar and battery systems without any upfront costs, repayments, or ongoing maintenance fees. Through NRN, retailers can quickly create their own distributed renewable energy portfolio and even white-label it as their own Virtual Power Plant plan.

The funding round was supported by some of the country’s most prominent climate tech investors. Leading the raise were Investible, Virescent Ventures, Electrifi Ventures, and Ecotone Partners through its new Planet Fund. Infradebt-managed funds, including the Australian Ethical Infrastructure Debt Fund, contributed a significant debt commitment. Throughout the process, Neu Capital served as NRN’s debt advisor.

This raise comes at a time of growing demand for solar, battery, and Virtual Power Plant plans in Australia. Strong government incentives have driven a surge in adoption among homeowners seeking to reduce energy costs and transition to renewable energy sources.

"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 and Founder of NRN. "Our platform integrates tech, data, capital, compliance, and market access to neatly solve the problem at both ends. For customers, it's access to solar with no upfront fees. For energy retailers, NRN can instantly establish or scale distributed energy businesses without capital-intensive balance sheet burdens, while maintaining complete ownership of the customer experience. Our unique model is intentionally structured around empowering partners, never competing with them." 

Over the last two years, NRN has expanded its network by more than 600 per cent, managing over $12 million in renewable assets and installing nearly 10 megawatt-hours of battery capacity. With total funding now surpassing $85 million, NRN has positioned itself as a trusted, data-driven leader in distributed energy. The company plans to deploy an additional 40 megawatt-hours of battery storage within the following year.

The strength of NRN’s model lies in its ability to eliminate financial barriers for households. Partners can offer solar and battery systems without asking families to pay upfront, cover hidden fees, or worry about maintenance. This makes clean energy accessible while allowing energy retailers and solar providers to expand their portfolios at scale without incurring direct capital risk.

With its latest injection of capital, NRN is preparing to accelerate the rollout of its national platform. The company’s focus is on connecting industry, government, and regulators while expanding access to renewable energy, empowering its partners, and generating meaningful savings for consumers.

Australia’s energy landscape has already been transformed by more than four million rooftop solar systems. Each one acts as a small power plant feeding electricity back into the grid. While this growth has been positive for renewables, it has also created challenges. The unmanaged flow of energy contributes to price volatility, while retailers face shrinking demand for traditional supply.

NRN was designed to address these problems. By serving as an independent infrastructure layer between solar providers and energy retailers, it helps to stabilise the grid, reduce costs for households, and make solar and battery systems available to people who would otherwise struggle to afford the transition. In doing so, NRN is helping Australia unlock its full renewable energy potential.