Tech group EcoJoule Energy secures $15m capital investment to support its growth ambitions

Tech group EcoJoule Energy has secured a $15m capital investment to ramp up its national and international growth ambitions.

EcoJoule Founder and CEO Dr Mike Wishart

Technology group EcoJoule Energy has secured a $15m capital investment to support its national and international growth ambitions and help manage the problem of energy grid instability caused by household solar adoption.

As the world accelerates towards decarbonisation, Loganholme-based EcoJoule’s technology platforms include pole-mounted community energy storage units that stores the excess solar energy from local residents for later use and a voltage regulation device to help integrate more renewables into the grid.

The company, which was established nearly a decade ago, currently has around 20 employees with major customers including Endeavour Energy, Essential Energy, Ausgrid and AusNet Services.

EcoJoule’s latest capital investment comes from an investor group led by Ellerston Capital’s

Industrial Growth Fund and Fifth Estate Asset Management.

With Ellerston’s Industrial Growth Fund it is the first time EcoJoule has taken on institutional equity partner, with the capital primarily used to fund a national and international expansion strategy.

EcoJoule founder and chief executive Dr Mike Wishart.

EcoJoule founder and chief executive Dr Mike Wishart says the investment was a significant milestone for the company and would help to accelerate its growth strategy.

“Their support will help us capitalise on the enormous opportunity presented by the global energy transition,” he says.

Wishart says the company’s community energy storage units and voltage regulators can help network operators avoid the need to invest significant capital in major upgrades to the grid.

“Our technology is globally unique and backed by a worldwide patent.”

Cancellation

The impact of ex-tropical cyclone Alfred is behind the cancellation of the first QUT Business Forum for the year at The Event Centre, The Star Brisbane.

Airbnb boss Susan Wheeldon would have headlined the lunch on Wednesday but organisers say “the safety of our attendees is our top priority”.

“Given the significant disruptions to homes, businesses, and travel in Brisbane, we have decided to cancel the Forum. We are working to reschedule the event with Susan Wheeldon for a later date,” they say.

The next QUT Business Forum will be on May 8 with Buildcorp’s Josephine Sukkar.

Airbnb country director – AU, NZ & Oceania Susan Wheeldon.

Elite

Yepoon’s own Jayde Mulholland has been recognised as one of the Elite Women in Insurance for 2025 by Insurance Business Australia.

The award celebrates exceptional female leaders who are driving change and making a significant impact in the insurance industry.

Over the past year, Mulholland – as co-chief executive of Qikio and Add Insure – has led transformative growth across both businesses, leading digital transformation initiatives and enhancing the customer experience.

Mulholland (illustrated) said being named among the Elite Women in Insurance is an incredible honour. “This recognition reflects not only my journey but also the hard work and dedication of the teams at Qikio and Add Insure,” she says.

“I am driven by a vision to modernise the insurance experience while ensuring we create opportunities for under represented voices in our industry.”

With over 12 years in the insurance industry, the Cathedral College old girl in Rockhampton started her career in uinsurance on the Sunshine Coast, working her way up to management positions in the industry.

Originally published as Tech group EcoJoule Energy secures $15m capital investment to support its growth ambitions