Case Study – Meridian Energy Ltd
Jane Capital was retained for 3 years by Meridian Energy Ltd to advise it on technology investments and strategy in new alternative energy ventures. Meridian Energy Ltd is one of the leading renewable energy companies in the AsiaPacific region with wind, hydro, and solar generation operations in Australia, New Zealand, and the US.
The Meridian cleantech venture portfolio was in excess of $150 mm in smart metering, micro CHP, software, superconductors, and energy storage. We advised Meridian on building and investing in a number of businesses in the alternative energy sector, including:
- IP risk assessment of smart meter technology, valuation in energy storage, and business case development for superconductors, carbon markets, and EVs;
- A $100 mm commitment from the Meridian Board for the creation of their solar development venture, Meridian Solar. We sourced and executed entry into North American solar market with the acquisition of Cleantech America in 2009 (including a 385 MW project development pipeline) resulting in the first large scale PV plant for California’s renewable portfolio standard in 2010;
- An RFI on the state of technology in grid scale energy storage with EPRI as the technical consultant; and
- Strategic investment in Carbonflow by Meridian.