The ‘bad habit’ that turned into a $7.5m business opportunity
Using refurbished components to overcome supply shortages for renewables projects turned into a lucrative business.
Agnes KingContributor
Newcastle-based energy solutions company Australian Power Equipment is on track to double revenue this year to $15 million, having inked a major supply contract with an ASX20 miner.
The start-up has carved out a niche as a problem solver in an energy sector grappling with supply chain volatility and acute skills shortages. Its revenue growth of 190 per cent over three years has it ranked 45 on the Fast Starters List.
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Agnes KingContributorAgnes is a former reporter at the Financial Review. Connect with Agnes on Twitter.
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