What is Solar Analytics?
Founded in Australia in 2013, Solar Analytics is a leading provider of cloud-based data and analytics for the rooftop solar industry. Its platform analyzes local weather, grid data, and energy production/consumption to offer actionable insights for cost savings for customers and fleet management for system providers. With over 30,000 customers across Australia, New Zealand, and the USA, and a team of over 40 professionals, Solar Analytics is a certified B Corp committed to social and environmental responsibility. The company emphasizes diversity and inclusivity, fostering a collaborative and supportive work environment.
How much funding has Solar Analytics raised?
Solar Analytics has raised a total of $8.4M across 3 funding rounds:
Series A
$4.4M
Grant
$2.1M
Grant
$1.9M
Series A (2016): $4.4M with participation from AGL Energy Limited
Grant (2017): $2.1M led by Australian Renewable Energy Agency (ARENA)
Grant (2017): $1.9M, investors not publicly disclosed
Key Investors in Solar Analytics
AGL Energy Limited
AGL Energy Limited is a prominent Australian energy company involved in electricity generation and retail, with a specialization in solar, wind, and other renewable energy sources. Their investment likely signals a strategic alignment with Solar Analytics' mission to advance solar energy adoption and management.
Australian Renewable Energy Agency (ARENA)
The Australian Renewable Energy Agency (ARENA) supports the development and deployment of renewable energy technologies in Australia, aiming to enhance the nation's energy competitiveness and contribute to emission reduction goals. Their backing underscores the technological significance and market potential of Solar Analytics' platform.
What's next for Solar Analytics?
The recent major strategic investment signifies a pivotal moment for Solar Analytics, likely enabling the company to accelerate its product development, expand its market reach, and enhance its data analytics capabilities. This infusion of capital is expected to fuel further innovation in the rapidly evolving energy landscape, reinforcing Solar Analytics' position as a key player in the renewable energy transition. The company's focus on empowering users with data to navigate energy changes suggests a future centered on smart grid integration and advanced energy management solutions.
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