On its website, CEFC mentioned that Australian firm Thinxtra is utilising Sigfox Low Powered Wide Area Network (LPWAN) technology. The said technology is part of a global network that connects billions of devices to the Internet while using as little energy as possible, and as simply as possible.
The CEO of CEFC Ian Learmonth stated, “Australia is a vast country with a scattered population. A large amount of energy is expended in physically monitoring millions of pallets, waste containers, gas canisters, farm gates, livestock, and more. By providing a low-cost solution for tracking and monitoring these assets, we can save a huge amount of emissions.”
Learmonth further added that the funding for Thinxtra will aid in establishing valuable support technology that is about to play a major role in switching the Australian economy to net zero emissions by the second half of the century.
“We are talking about the potential to operate smarter cities, more energy efficient and livable buildings, better monitoring of environmental assets, better health monitoring, and more sustainable agricultural practices,” Learmonth said.
The $10 million investment of the CEFC is through the Clean Energy Innovation Fund and it will be part of Thinxtra’s $20 million Series B capital raising. Together with the CEFC and the Australian Renewable Energy Agency (ARENA), the Clean Energy Innovation Fund assist in boosting advanced clean energy technologies and businesses, both essential to Australia’s clean energy journey.
According to Blair Pritchard, CEFC Investment Development Director, a wide variety of devices that are presently available on the market can be operated more effectively through the LPWAN technology.
He added, “The proliferation of devices that enable remote monitoring, tracking and operation is transforming the way we live. However, connecting them to existing internet services can be a bit like using a four-lane highway when a footpath would suffice, or hiring a whole bus to send one person to the shops.”
To read the full story about this investment, visit this link.
Phillip Riley Takes the Lead in Powering Queensland’s Energy Transition We’re thrilled to announce a significant milestone in our journey – Phillip Riley has been selected as the preferred international acquisition partner for the groundbreaking