Australian company Thinxtra is deploying the world-leading Sigfox Low Powered Wide Area Network (LPWAN) technology to provide a low-cost operating framework for Internet of Things Technologies focused on cutting energy use. CEFC committed up to AU$10 million to assist the expansion of Thinxtra, through the Clean Energy Innovation Fund, as part of a AU$20 million Series B capital raising.
Thinxtra’s support technology is set to play a key role in transitioning the Australian economy to net zero carbon emissions by the second half of the century. While a whole range of devices already on the market can be connected to existing internet services, Thinxtra’s LPWAN technology requires far less power and provides much longer battery life for devices that only require the transmission of small amounts of data and intermittent internet connectivity.