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1Komma5 Targets Australian Acquisitions to Accelerate Climate Tech Growth

  • Written by Newsfile

Climate tech growth is on the rise in Australia, spearheaded by 1Komma5

New South Wales, Australia--(Newsfile Corp. - July 18, 2023) - 1Komma5°, the world's latest climate tech unicorn, has set its sights on strategic acquisitions in Australia as part of its ambitious expansion plans. Backed by a recent €430 million ($699.8 million) Series B funding round, the Hamburg-based company aims to revolutionize the Australian market with its smart home energy management systems, batteries, and solar panels.[1]

Chris Williams, the Head of Asia-Pacific for 1Komma5° and Chief Executive of Natural Solar[2], revealed that discussions are already underway for potential acquisitions of solar battery suppliers in Australia. Over the past nine months, 1Komma5° has successfully completed two acquisitions, namely Natural Solar and Solaray, positioning itself as a major player in the region.

In a bold move, 1Komma5° plans to introduce a groundbreaking concept to Australia by launching "Apple-style" retail stores in Sydney and Melbourne. These stores will offer a unique experience where homeowners and small business owners can explore and interact with a wide range of cutting-edge energy products. Building on the success of similar stores in Germany and the Nordic countries, 1Komma5° aims to provide unparalleled customer engagement and showcase the potential of sustainable energy solutions.

1Komma5 Targets Australian Acquisitions to Accelerate Climate Tech Growth

Caption: Chris Williams, CEO of Natural Solar and CEO 1Komma5 APAC

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9870/173897_10ce32d454097879_001full.jpg[3]

The recent Series B funding round, led by Silicon Valley sustainable technology investor G2 Venture Partners, propelled 1Komma5° into unicorn status with a valuation exceeding $1 billion. The company, founded two years ago by former Tesla manager Philipp Schröder and Micha Grüber, has rapidly gained recognition for its innovative approach to addressing climate challenges.

Expanding its business operations through strategic acquisitions will not only strengthen 1Komma5°'s market position but also enhance its purchasing power for panels and batteries. This, in turn, will drive down payback times for customers and make renewable energy solutions more accessible than ever before. According to Williams, Australia's escalating electricity and gas tariffs have created an urgent demand for affordable and reliable energy alternatives. Customer inquiries have surged by a remarkable 350% in the past few weeks alone, reflecting the growing concerns about rising energy costs, reduced feed-in tariffs, and the stability of the national grid.

1Komma5 Targets Australian Acquisitions to Accelerate Climate Tech Growth

Caption: Philipp Schröder ,CEO, 1Komma5°

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9870/173897_10ce32d454097879_002full.jpg[4]

Williams also emphasized the significant reduction in payback time for solar and battery systems, which has dropped to six to eight years from the two-decade-long period just seven years ago when Natural Solar entered the market.

With the successful funding round and the surge in customer interest, 1Komma5° is poised for further expansion in the Australian market. The company anticipates announcing additional acquisitions in the coming months, leveraging the fragmented nature of the industry and the growing interest from smaller solar and battery installers seeking to join forces with a larger, dynamic group.

To learn more about 1Komma5° visit https://www.1komma5grad.com/en[5].

About 1Komma5°:1Komma5° was founded in the summer of 2021 by a group of entrepreneurs and industry professionals with the aim of achieving carbon neutrality in buildings through the utilization of solar energy, heat pumps, and charging infrastructure. The company invests in innovative businesses specializing in photovoltaics, electricity storage, charging infrastructure, and heat pumps, enabling regional craftsmanship and providing high-quality customer advice and installation services.

Media ContactChris Williams, CEO of Natural Solar and CEO 1Komma5 APACEmail: sales@naturalsolar.com.au[6]Phone: +61 1300060928

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173897[7]

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