The Series A capital raise saw investment from predominantly UK and Australian resident investors, with eleXsys Energy itself being incorporated in the UK.
EleXsys Energy’s unique eleXsys Operating System enables grid-connected commercial and industrial solar and battery microgrids, with the raise to allow it to continue its investment as it looks to grow rapidly globally including in North America, the EU, UK the Middle East, and the Asia-Pacific.
Its flagship project – the IKEA eleXsys microgrid – is currently under construction in Adelaide.
This unique grid-connected microgrid will demonstrate how, with the increasing integration of distributed renewables like rooftop solar, its eleXsys OS will be an essential enabling technology if global energy networks are to continue to provide safe and stable clean energy supplies to consumers without the need for expensive network infrastructure upgrades.
EleXsys is a cost-effective solution to the increasing challenge of energy export curtailment by grid operators which reduce returns on investment from commercial and industrial rooftop solar installations.
EleXsys Energy is being incorporated in the UK to allow the group to establish a strategic base for international growth and capital raising.
Executive director of eleXsys Energy, Richard Romanowski, said that “as a rapidly growing, global, cleantech business, London is an obvious strategic location for a business with our ambitions”.
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