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Australian energy firm EcoJoule raises $15m for solar solutions
EcoJoule Energy, an Australian energy company, has raised US$15 million in a recent funding round to support its expansion efforts both nationally and internationally.
The investment was led by Ellerston Capital’s Ellerston Industrial Growth Fund and Fifth Estate Asset Management.
The company announced that this funding will help address energy grid instability related to the increasing adoption of household solar systems. This poses challenges to energy infrastructure.
Co-founder and CEO Dr. Mike Wishart noted that this investment will contribute to EcoJoule Energy’s growth strategy amid the global energy transition.
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