Enosi, based in Sydney, Australia, has developed Powertracer, the world’s first grid-scale, clean energy traceability solution for businesses and households. Clean energy suffers from a lack of transparency. Current electricity offers can be heavily green-washed with certificates and offsets hiding the real source of our power.
- Consumers want transparent access to honest clean energy.
- Companies around the world want – and regulators will soon be forcing this issue – a carbon action plan with the highest integrity.
That’s Enosi’s Powertracer.
To date, four Australian retailer suppliers have deployed Powertracer live with customers, including Simply Energy, the Australian subsidiary of Engie, one of the world’s top 10 largest retailers. Engie’s Singapore subsidiary, Senoko, will go live in Oct 2022. Major customers have now been signed and are using Powertracer for all its use cases, meaning that Powertracer is proven and ready to replicate its success internationally.
Enosi has just signed a deal with Google’s global clean energy team to use Powertracer. Other major clients include multi-billion dollar tech firms Canva and WiseTech Global, property company Mirvac, the Port of Brisbane, Hobsons Bay City Council and the multi-national manufacturer Hunter Douglas.
As Steve Hoy, Founder and CEO, explains, “We sell through partnerships with retail energy suppliers, integrating with their billing systems. The diversity of our retail partnerships proves the relevance of Powertracer in all market segments. Engie, Senoko and Momentum Energy work with us to use Powertracer with major commercial and industrial clients like Google, Port of Brisbane, councils and water utilities. Energy Locals is using Powertracer to attract and retain SME & residential customers with an innovative offer that enables customers to buy and sell cheap, clean energy from rooftop solar systems. This is fantastic validation of our platform. We are now scaling up, raising funds to meet demand and excited to be pitching to Greenbackers’ investor network.”
Greenbackers will be managing Enosi’s private placement via their Investment Showcase, a deal room connecting VCs, Corporate Venture Funds, Impact funds, Angel Syndicates and other professional investors to pre-screened, curated, investment-ready ventures. By providing a secure, deal-sharing platform to streamline origination and increase efficiency, they now have over 320 professional funds participating, enabling syndication and co-investment.
Andrew Smith, Greenbackers Partner and lead on Enosi said “The commercial traction that Enosi has secured is a clear sign of market pull for this solution. There is an experienced team, focused on their immediate market but with clear ambition to deliver across the globe. We look forward to working with them.”
About Greenbackers Investment Capital: Greenbackers is a specialist venture firm focussed on climate & cleantech capital globally. They operate from London, Glasgow and Houston. Their mission is to accelerate equity capital flows into investable climate technology businesses. https://greenbackers.com