ADELAIDE, Australia, Dec. 19,
2024 /PRNewswire/ -- A leading Australian energy
management software and services company has today announced a
growth capital investment from Angeleno Group, a long-standing
clean energy and climate solutions venture capital and growth
equity investment firm headquartered in Los Angeles, with a track record of investing
in Australian-based sustainability businesses.
This investment aims to accelerate AZZO's geographical
expansion and the development and impact of its
EnergyX IoT platform helping organisations comprehensively manage
their energy including renewables and electrification initiatives
for efficiency, sustainability and resilience through
microgrids.
AZZO's EnergyX IoT platform has made a significant impact in
Australia by optimising renewable
energy management, addressing grid instability and supporting the
transition to a more sustainable, resilient energy ecosystem,
helping businesses reduce energy costs, improve efficiency and meet
sustainability goals.
Founded in Adelaide by
John Azzollini in 2005, AZZO has
grown from its innovation roots in Australia to become a trusted global
leader in the energy transition, with operations
nationwide and a well-established presence in North
America.
"I am incredibly proud of the AZZO team for their dedication
and achievements. This partnership with Angeleno Group marks a
significant milestone in our journey, and I'm excited about what we
can achieve together," says John Azzollini, Founder, AZZO.
"Our commitment to sustainability and energy management
remains our guiding purpose, and Angeleno Group's backing allows us
to make a broader impact in the energy transition alongside
its other innovative portfolio companies advancing decarbonisation
and sustainability outcomes," says James
DiLiberto, CEO, AZZO.
The organisation delivers cutting-edge energy solutions for
energy efficiency, reduces costs, orchestrates Distributed Energy
Resources (DERs) and helps in achieving sustainability goals.
"AZZO has developed a compelling energy management solution
that aligns well with our mission to invest in and help scale
innovative clean energy and climate solutions businesses," says
Daniel Weiss, Co-founder and
Managing Partner, Angeleno Group. "We are excited to contribute
to AZZO's growth journey and support their expansion into new
markets" says Anil Tammineedi, Partner, Angeleno
Group.
This partnership with Angeleno will enable AZZO to further
extend its presence in existing markets and enter new territories.
With Angeleno Group's experience in scaling transformative energy
businesses, AZZO is well-positioned and capitalised to
expedite the development and deployment of its innovative
solutions through partnerships, investments, and
acquisitions.
As part of this investment, Dominic
Drenen will join AZZO as Chairman of the
Board in Melbourne,
bringing over 25 years of experience in the energy
sector. Dominic's leadership and industry expertise will be
invaluable as AZZO continues to drive growth and
innovation. Dominic is an Operating Partner of Angeleno Group
and the former CEO of the Angeleno Group portfolio company, Click
Energy, which was acquired by AGL in 2020.
The collaboration between AZZO and Angeleno Group represents a
major milestone in AZZO's journey to help organisations unlock the
full potential of their energy ecosystem. Through targeted
investments and partnerships, both companies aim to contribute
meaningfully to the transition towards cleaner energy and greater
sustainability.
About AZZO
With a 19-year history of customer-focused innovation and
offices in Oceania and North
America, AZZO is a leader in renewable energy &
electrification management solutions. The company offers technology
and services that help businesses achieve sustainability goals and
reduce energy costs while increasing resilience and energy-related
revenues. The EnergyX IoT platform is central to AZZO's offerings,
providing monitoring, analytics, applications, and control and
management capabilities for traditional and renewable energy
systems. For more information,
visit https://www.azzo.com.
About Angeleno Group
Founded in 2001, Angeleno Group is a pioneer in providing growth
capital for clean energy and climate solutions companies. Angeleno
Group has become one of the United
States' longest standing dedicated clean energy and
sustainability focused investment firms, making growth investments
on a global basis. The firm's core strategy is to invest in
high-growth, well managed, innovative businesses with proven
technologies and established customer traction. Angeleno Group
invests in a range of deal types, with a strategy that is
sector-focused and research-driven. Angeleno Group is headquartered
in Los Angeles, California. For
more information, visit www.angelenogroup.com.
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SOURCE AZZO
