By: greenbank On: May 01, 2018 In: Comments: 0

CEFC through the Clean Energy Innovation Fund has made a AU$5 million cornerstone equity investment in Zen Ecosystems. The investment is part of a series B capital raising to further develop and deploy the Zen HQ and Zen Thermostat products in Australia.

Zen Ecosystems has developed intelligent energy management solutions that could save Australian businesses up to 25 percent on their energy costs. The company is increasing deployment of its innovative Zen HQ and Zen Thermostat products in Australia, drawing on finance from the Clean Energy Innovation Fund. Retailers, hotels and motels, schools, universities, car dealerships and fast food outlets are among businesses that could save on energy costs using the Zen technology.

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