To many with a passion and vested interest in renewable and non-fossil fuel energy, the term “green energy” often elicits a rolling of the eyes, in recognition of the fact that words like “green” and “clean” don’t always convey the true net effects of these alternative energy sources, nor do they specify much. While that is undoubtedly the case, wind, solar, hydro and nuclear energy are inarguably what will help make or break human survivability on this planet long term.
The capital required to fund and get these projects and get them off the ground will involve government will and public mandates, but it will also involve a considerable amount of private and institutional money. Here is how financial institutions are investing in green energy.
20 January 2021
Australian start-up AgriWebb will accelerate the deployment of innovative software designed to improve farm productivity and reduce greenhouse gases through soil carbon, after securing a $5 million investment from the Clean Energy Finance Corporation (CEFC).
The Sydney-based start-up, which has developed a digital livestock management platform, says the platform provides a greater ability to capture and analyse data on agricultural production, boosting productivity and provide farmers with greater visibility of their contributions to greenhouse gas emissions.
The CEFC made the $5 million commitment through its Clean Energy Innovation Fund, with the software able to track methane emissions produced from livestock and the amount of carbon stored through soil carbon sequestration.
Agriwebb co-founders Kevin Baum, John Fargher and Justin Webb. Source: supplied.
Aussie agtech startup Agriwebb has secured a massive $30 million in Series B funding, giving it a valuation of over $100 million.
And, as this sector heats up on a global scale, there are huge opportunities for Australian players, co-founder and chair Justin Webb says.
Founded in 2014 by Webb and co-founders John Fargher and Kevin Baum, Agriwebb offers a cloud-based Software-as-a-Service livestock-management platform, designed to help farmers digitise operations and increase efficiency.
This latest funding round was led by the venture arm of Canadian telco TELUS, and also included a $5 million investment from the Australian government-backed Clean Energy Finance Corporation.