Clean Energy Innovation Fund backs intelligent Zen Ecosystems technology to cut energy costs

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The Clean Energy Finance Corporation (CEFC), through the Innovation Fund, has made a $5 million equity investment in Zen Ecosystems’ series B capital raising for the further development and deployment of its Zen HQ and Zen Thermostat products.

The Clean Energy Innovation Fund draws on the combined skills and experience of the CEFC and the Australian Renewable Energy Agency (ARENA) and invests using CEFC finance.

Innovation Fund Executive Director Ben Gust said the technology innovations and behind-the-meter management solutions offered by Zen Ecosystems could unlock major opportunities for reducing energy consumption for retailers, hotels and motels, schools, universities, car dealerships and fast food outlets.