A conglomerate of European clean-tech entrepreneurs, including Porsche Ventures and a founder of Tesla’s European operations, has embarked on a $100 million spending spree to take a lead role in Australia’s move to low-emission households.
The conglomerate, which runs the German solar technology developer and retailer 1komma5°, has bought a controlling stake in Australia’s largest Tesla battery installer, Natural Solar. It also plans to invest up to €65 million ($99.7 million) more in the next 18 months, buying controlling stakes in similar “last mile” clean-tech companies around the nation.
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John Davidson is an award-winning columnist, reviewer, and senior writer based in Sydney and in the Digital Life Laboratories, from where he writes about personal technology. Connect with John on Twitter. Email John at jdavidson@afr.com
