Evergen to further develop software after closing AU$15m funding round

Facebook
Twitter
LinkedIn
Reddit
Email
With the new investment funding Evergen aims to expand its presence in Australia as well as expand overseas. Image: Fotowatio Renewable Ventures.

Australian energy software company Evergen has closed a AU$15 million (US$10.4 million) series B funding round, its largest capital investment to date.

The fundraise was led by FRV-X, the innovation and venture division of renewable development group Fotowatio Renewable Ventures (FRV), and will allow Evergen to further develop its software to enhance the assets of large-scale renewable energy and battery projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

It will also help its expansion both in Australia and overseas as it aims to become a “global clean-tech leader”.

Evergen’s software platforms are able to control, monitor and optimise the performance of residential, commercial and utility-scale solar and battery systems.

Moreover, it also allows utilities to change the way energy is delivered and traded through virtual power plants (VPPs).

Ben Hutt, CEO and managing director at Evergen, said: “The new government’s renewable energy focus is proving to be a green light for investors who are ready to back clean-tech companies like Evergen, and the current instability in electricity markets in Australia is evidence that the transition to renewables is accelerating faster than ever before.”

Evergen controls 100MW of assets including 7,000 residential battery systems in Australia.

Read Next

October 6, 2025
Genesis Energy and FRV Australia have mutually agreed to terminate their solar development joint venture while maintaining co-ownership of the 63MWp Lauriston solar PV power plant in Canterbury, New Zealand.
Premium
October 2, 2025
Australia's solar sector delivered a strong September performance in the National Electricity Market (NEM) as the country entered spring, with combined solar PV generation reaching 3,933GWh - a 17.83% increase from August's 3,338GWh.
October 2, 2025
FRV Australia has announced the completion of its largest solar project to date, the 300MW Walla Walla Solar Farm in New South Wales.
October 1, 2025
Engie Australia's 250MW Goorambat East Solar Farm has registered with AEMO, marking the project’s readiness for the commissioning phase.
September 30, 2025
SynergyRED, a wholly owned subsidiary of Synergy, has submitted a development application for a 2GW hybrid renewable energy project in Western Australia's Mid-West Region.
September 29, 2025
Fortescue has established a strategic partnership with Chinese solar manufacturing giant LONGi to supply solar PV modules as part of its ‘Real Zero’ emissions by 2030 strategy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland