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
Australia reaches 500,000 home battery milestone as household storage surges
Australia has hit 500,000 residential battery installations, marking a major milestone in household energy storage uptake. Demand for home battery systems continues to grow rapidly across the country.
Why it matters: Electricians installing battery storage systems will see continued strong demand. Growing residential battery market means more work for licensed electrical contractors.
Queensland to invest $95M to fast-track 4,900 new homes
Queensland is investing $95M through its Residential Activation Fund Round 2 to build trunk infrastructure and deliver 4,900 new homes across North Queensland.
Why it matters: Builders, plumbers, and electricians in North Queensland can expect a surge in residential project work as infrastructure is laid and new housing construction ramps up.
New CEO for Clean Energy Regulator
Tony Chappel has been appointed as the new CEO and Chair of the Clean Energy Regulator by Energy Minister Chris Bowen. No further operational details were provided in the announcement.
Why it matters: Electricians and solar installers working under CER-regulated schemes may see policy or administrative shifts under new leadership.