Pacific Channel acquires ENGIE ‘startup studio’
Venture capital firm Pacific Channel has acquired ENGIE Factory Asia Pacific, a startup studio belonging to the ENGIE Group. The acquisition expands Pacific Channel's portfolio in the energy sector.
What does Pacific Channel's acquisition of ENGIE Factory mean for energy sector?
Energy sector tradies may see new tech solutions and innovation affecting tools, systems, and work methods as the startup studio develops under new ownership.
Related
Fox ESS and OSW sign 5GWh battery storage supply agreement
Fox ESS and OSW have signed a two-year battery energy storage supply agreement targeting 5GWh for the Australian market. The deal aims to expand commercial and residential battery storage availability.
Why it matters: Electricians installing battery storage systems may see increased product availability and potentially more competitive pricing on Fox ESS units through OSW.
REB26: Opportunities in a carbon-constrained built environment
Australia's first Reshaping Existing Buildings Conference examined retrofit opportunities in the built environment as the country works toward net zero. The event focused on practical solutions and real-world success stories rather than the scale of the challenge.
Why it matters: Builders, electricians, and HVAC trades could see growing demand for retrofit and energy upgrade work as net zero targets drive building upgrades across Australia.
Melbourne's vacant office buildings could be answer to housing shortage
Melbourne's high commercial office vacancy rates could help ease Australia's housing shortage through office-to-residential conversions. Government and property owner cooperation is needed to make it happen.
Why it matters: Builders and electricians could see new work from office conversion projects. Retrofitting commercial buildings for residential use requires significant structural, electrical, and plumbing upgrades.