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.