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AL CIRCLE

CleanPeak acquires SEI to expand solar and battery footprint in Australia

EDITED BY : 2MINS READ

solar

CleanPeak Energy has taken full ownership of Sustainable Energy Infrastructure, adding a mix of smaller-scale solar and battery projects to its portfolio across multiple Australian states.

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SEI mainly focuses on projects under 5 MW, but together they add up. The deal brings in about 71 MWac of solar capacity across 16 sites and another 42 MW of battery storage spread over 11 locations, covering New South Wales, Victoria and South Australia.

The move is part of CleanPeak’s plan over the next few years, roughly a three to five year window, where it’s trying to scale up its “in-front-of-the-meter” operations. Basically, power that goes straight into the grid or to customers, not just behind-the-meter setups. The company is also looking to strengthen its retail energy side through this.

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What probably matters more here is the mix of solar plus storage. CleanPeak says bringing SEI’s assets in gives it more room to manage energy risk and improve how these systems perform day to day. The spread across different regions also helps smooth things out a bit in terms of supply.

CEO Philip Graham said the acquisition lines up with the company’s longer-term plan to build a more stable and flexible energy system, adding that SEI’s assets give them a stronger presence nationally and more capacity to deliver lower-cost power.

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CleanPeak itself has been around since 2017 and has grown fairly quickly in the distributed energy space. Most of its work involves installing systems directly at customer sites, helping businesses cut energy costs and emissions. It’s also involved in larger infrastructure setups in cities, including heating, cooling and EV charging.

The deal was backed by Gresham Partners as financial advisor and Maddocks as legal counsel.

With SEI now part of the business, CleanPeak is positioning itself to handle more demand coming from both commercial users and government, especially as Australia keeps pushing toward lower-carbon energy.

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