ZEN Energy Systems
ZEN Energy Systems is an Australian private renewable energy retailer and utility-scale asset developer that supplies 100% renewable electricity to large commercial, industrial, and government customers through long-term 5-15 year contracts, while owning and developing solar, battery storage, and pumped hydro assets.
- Company typePrivate
- Founded2017
- HeadquartersNorwood, Australia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What ZEN Energy Systems does
ZEN Energy Systems is an Australian privately-held renewable energy retailer and asset developer headquartered in Adelaide with offices in Melbourne, Sydney, and Brisbane. The company sells 100% renewable electricity to large commercial, industrial, and government customers through long-term 5-15 year contracts (RENEW100% and stepped RENEW X), matches every megawatt-hour consumed with Large-Scale Generation Certificates, and supports compliance with Climate Active, RE100, and Science Based Targets frameworks. Its customer base spans industrial gases (BOC Australia), manufacturing (Electrolux), out-of-home media (JCDecaux), resources (Magnetite Mines, SACOME members), wine and agriculture, and government (SSROC representing 25 NSW councils, South Australian Government).
The company operates a vertically integrated model combining retail electricity supply with ownership and development of utility-scale generation and storage assets. Core technology includes lithium-iron-phosphate (LFP) battery storage at utility scale (Templers Battery, 111 MW/291 MWh, operational), solar PV with DC-coupled battery configuration (Solar River, 256 MW combined dispatchable power), a proposed 1,000 MW pumped hydro project at Lake Burragorang (14-16 hours storage), and virtual offtake agreements (150 MW of AMPYR's Wellington Stage 1 BESS). Pricing is quote-based with bespoke contracts, while PACE provides a self-serve online procurement platform for progressive energy buying. Residential and SMB solar/battery installations are referred to channel partner MAC Trade Services.
Revenue is generated from electricity supply margins, LGC sales, capacity payments, FCAS and grid services from owned BESS assets, energy arbitrage, virtual tolling fees, and developer/asset management margins. Capital sources include Stonepeak (lead infrastructure investor for Templers) and a six-bank syndicate financing Wellington Stage 1. ZEN positions itself as Australia's first 1.5°C-aligned electricity retailer with science-based emissions targets, and is expanding into industrial decarbonization through a Green Iron Initiative with Magnetite Mines.
ZEN Energy Systems firmographics
Firmographics- Name
- ZEN Energy Systems
- Legal name
- ZEN Energy Retail Pty Ltd
- Website
- https://zenenergy.com.au
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- ZEN Energy Systems is an Australian private renewable energy retailer and utility-scale asset developer that supplies 100% renewable electricity to large commercial, industrial, and government customers through long-term 5-15 year contracts, while owning and developing solar, battery storage, and pumped hydro assets.
- Ownership category
- akta.pro rank
ZEN Energy Systems industry classification
Industry- Product category
- Renewable Electricity Retail
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)
- akta.pro secondary industries
- Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where ZEN Energy Systems is headquartered
LocationHeadquarters
- HQ city
- Norwood
- HQ country
- Australia
- HQ region
- Oceania
Offices4 records
Markets served
ZEN Energy Systems business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Retail Electricity Supply: ZEN generates revenue by selling 100% renewable electricity to commercial, industrial, and government customers through long-term contracts. Revenue comes from electricity supply plus Large-Scale Generation Certificates (LGCs). ZEN matches every MWh consumed with one LGC.
- Energy Storage Asset Ownership: Development and ownership of utility-scale battery energy storage systems (BESS) including Templers Battery (111MW/291MWh). Revenue generated through tolling agreements, capacity payments, FCAS services, and arbitrage.
- Pumped Hydro Development: Development of 1,000 MW Western Sydney Pumped Hydro project with 14-16 hours of continuous storage. Revenue to be generated from capacity payments and energy arbitrage once operational by 2031.
- Solar Generation with Storage: Solar River project (256MW combined dispatchable power) generates revenue from electricity sales and storage services. Hybrid solar+battery configuration enables delivery of firm renewable power.
- Energy Procurement Services (PACE): PACE platform enables strategic energy procurement for large customers. Revenue model based on contract volume managed through the platform with flexible pricing throughout procurement period.
- Virtual Tolling Agreements: ZEN enters into virtual offtake/tolling agreements for battery storage projects owned by partners (e.g., AMPYR Wellington BESS). ZEN contracts capacity and provides optimization services for customer portfolio.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | RENEW100% - Full 100% renewable energy from day one |
| Subscription | Annual | RENEW X - Stepped approach to 100% renewable |
| Hybrid | Pay-as-you-go | PACE - Progressive Acquisition of Energy |
| Subscription | Annual | Asset Linkage Options |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
ZEN Energy Systems product offering
Product offeringCore offering
ZEN Energy Systems is an Australian renewable electricity retailer and renewable energy project developer. It supplies 100% renewable electricity to commercial, industrial, and government customers through long-term contracts (5-15 years), and develops, owns, and operates utility-scale renewable energy assets including the 111MW Templers Battery, the proposed 1,000MW Western Sydney Pumped Hydro project, and the 256MW Solar River hybrid solar-plus-storage project. Residential and SMB solar/battery installations are delivered through partner MAC Trade Services.
Product overview
ZEN Energy Systems operates as a multi-product energy company offering both retail energy services and utility-scale renewable energy project development. The retail side provides renewable electricity contracts (RENEW100%, RENEW X) and energy procurement tools (PACE platform) to commercial and residential customers. The development arm operates major storage and generation assets including the Templers Battery (111MW BESS), Western Sydney Pumped Hydro (1GW), and Solar River (256MW solar plus storage). Additional offerings include commercial and residential solar/battery installations through partner MAC Trade Services, the Green Iron Initiative for sustainable steel production, and community programs including the Curious Minds Graduate Program and ZEN-A Women's Network.
Differentiator
Problem solved
Functional benefit
Brands
- MAC Trade Services: Partner company recommended by ZEN for commercial and residential solar PV and battery sales and installations.
- ZEN-A
Products and services
- RENEW100% 100% renewable electricity supply contract from day one for organizations seeking to meet Climate Active, RE100, and Science Based Targets certification. Includes minimum load size thresholds.
- RENEW X Stepped approach contract enabling customers to progressively build energy supply up to 100% renewable over the contract life, with flexible adaptation if more than 3 years are needed.
- PACE (Progressive Acquisition of Energy) Online energy procurement platform enabling large electricity customers to strategically purchase energy parcels (as small as 5% of contracted volume per period) at varying prices throughout the contract period to mitigate timing and market volatility risk.
- Templers Battery 111MW/291MWh utility-scale battery energy storage system (BESS) in South Australia using Lithium-Iron-Phosphate (LFP) chemistry, providing frequency and voltage control, dispatchable fast-response generation, and grid stabilization services to the National Energy Grid. Capable of powering 96,000 South Australian homes.
- Western Sydney Pumped Hydro Proposed 1,000 MW pumped hydro storage project using Lake Burragorang as the lower reservoir with 400m elevation change over 3.1km. Closed-loop system with no water loss, 70-100 year lifespan, providing 14-16 hours of continuous storage for 500,000 homes and businesses.
- Solar River Project 256MW hybrid solar-plus-storage project in South Australia with approximately 400,000 solar panels and DC-coupled battery configuration enabling expansion of battery capacity with no impact on facility performance. Plans for up to 8 hours of battery storage.
- Commercial Solar & Battery Solutions Commercial solar PV and battery installation services for businesses, delivered through partner MAC Trade Services, with ZEN providing warranty and after-sales support.
- Solar & Battery Sales and Service Residential solar PV and battery sales and installation services delivered through referral partner MAC Trade Services, while ZEN maintains warranty and customer support relationships.
Quantifiable outcome
- 150,000 tonnes CO2 reduction per year for SSROC partnership
- +5 more outcomes
Companies that use ZEN Energy Systems
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles4 records
ZEN Energy Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ZEN Energy Systems partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- AMPYR Australiacore10-year virtual offtake agreement for 150 MW of Wellington Stage 1 BESS capacity (300 MW/600 MWh). ZEN provides flexibility in capacity contracting while enabling portfolio firming.
- ACEN AustraliacoreTri-party deal with BOC Australia involving PPA for approximately 23% of solar generation from ACEN's 400 MW New England Solar project in NSW.
- RES (Renewable Energy Systems)coreZEN acquired Templers Battery Project from RES. RES had guided the project through approvals and provides ongoing construction and asset management support services.
- SungrowcoreSungrow is the OEM and maintenance provider for the Templers BESS battery system. ZEN operates the asset while Sungrow provides ongoing maintenance services.
- ElectraNetcoreElectraNet is the transmission service provider for Templers Battery. The project connects to the SA grid via ElectraNet infrastructure.
- WaterNSWcoreWaterNSW granted ZEN access to Lake Burragorang (Sydney's largest water storage) to conduct feasibility studies for the 1,000 MW Western Sydney Pumped Hydro project.
- SADA Dunbier GroupcorePartner in Western Sydney Pumped Hydro project at the former Wollondilly Coal Washery site at Nattai. Joint presentation to NSW Parliament inquiry as case study for post-mining land use.
- Vena EnergycorePartnership to purchase renewable energy from Tailem Bend 2 Solar Project (87 MW). Innovative power purchase agreement supporting SA customers.
- SACOME Joint Electricity Purchasing GroupcorePartnership with South Australian Chamber of Mines and Energy joint buying group to supply renewable energy to members including Foodland, IGA, Viterra, Central Irrigation Trust.
- Magnetite MinesminorMOU renewal with Magnetite Mines for green iron production in South Australia as part of Razorback iron ore project. ZEN to provide renewable energy for green steel production.
- MAC Trade ServicescoreRecommended partner for all residential and commercial solar PV and battery sales and installations. Handles warranty and after-sales service for existing ZEN installations.
- NeoenminorOfftake agreement partner with some of Australia's premier renewable energy projects.
- PalisademinorOfftake agreement partner for renewable energy supply.
- DeltaminorOfftake agreement partner for renewable energy supply.
- AccionaminorOfftake agreement partner for renewable energy supply.
- Impact Investment GroupminorOfftake agreement partner for renewable energy supply.
- SSROC (Southern Sydney Regional Organisation of Councils)corePartnership with 25 NSW councils to supply 214 GWh of renewable electricity annually. One of Australia's largest renewable energy contracts for local government.
- South Australian Governmentcore10-year energy supply contract through 2030 for government facilities. Includes construction of 280 MW solar farm and 100 MW battery storage.
Scale indicators18 records
Recent moves7 records
Expansion highlights6 records
ZEN Energy Systems competitors and assessment
Company assessmentDirect peers
- Powershop Australia: Powershop Australia is a 100% renewable electricity retailer that pioneered transparent, app-based energy retail in Australia. It is a direct peer to ZEN's renewable supply business, serving similar residential and SMB customers with carbon-neutral power, and was acquired by Shell Energy in 2021.
- Diamond Energy: Diamond Energy is an Australian electricity retailer specializing in 100% renewable energy supply to commercial and industrial customers, including solar PPAs and on-site generation. It directly competes with ZEN in the C&I renewable retail segment with similar long-term contract offerings.
- Edify Energy: Edify Energy is an Australian utility-scale solar and battery storage developer with operational projects including the Whitsunday and Hamilton Solar Farms plus grid-scale BESS assets. Highly comparable to ZEN's solar+BESS development business (Solar River, Templers), targeting the same NEM grid services and offtake customers.
- Neoen Australia: Neoen is a French-listed global renewable energy IPP with major Australian wind, solar, and storage projects and an offtake business. Comparable to ZEN's development pipeline and offtake aggregation model; Neoen is one of ZEN's named offtake partners.
- Nectre: Nectre is an Australian retail platform offering renewable electricity plans to households and businesses through a tech-enabled model. It competes with ZEN's RENEW100% and RENEW X retail offerings, particularly for the residential and SMB segments ZEN refers to MAC Trade Services.
Broad incumbents
- Origin Energy: Origin Energy is one of Australia's largest integrated energy retailers and generators, with a growing renewable portfolio (including pumped hydro development at Lake Lyell). Comparable to ZEN as a competing electricity retailer and asset developer, though Origin's portfolio spans gas, coal, and renewables.
- AGL Energy: AGL is Australia's largest electricity retailer and a major thermal and renewable generator, actively developing utility-scale BESS and pumped hydro assets. It is a broad incumbent peer that competes with ZEN across retail supply, BESS grid services, and large-scale renewable development.
- EnergyAustralia: EnergyAustralia is a major Australian integrated energy retailer and generator with coal, gas, wind, and battery assets, including the Mt Piper BESS. It competes with ZEN in C&I renewable retail and is developing its own grid-scale storage and renewable projects.
- Shell Energy Australia: Shell Energy Australia is the Australian energy retail and generation arm of Shell, owning Powershop and serving large C&I customers with renewable PPAs and trading. It is a broad incumbent peer that competes with ZEN for large C&I renewable supply contracts using balance-sheet scale and global LNG integration.
- Iberdrola Australia: Iberdrola (through Avangrid/Iberdrola Australia) is a global renewable utility with Australian wind and storage projects and a C&I renewable PPA business. Comparable as a large-scale renewable developer competing with ZEN for grid-scale storage and corporate offtake opportunities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ZEN Energy Systems social profiles
Digital presenceZEN Energy Systems compliance and trust
Trust signalCompliance1 record
ZEN Energy Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
ZEN Energy Systems leadership team
Management profileNumber of profiles
Profiles5 records
ZEN Energy Systems funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ZEN Energy Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ZEN Energy Systems
What does ZEN Energy Systems do?
ZEN Energy Systems is an Australian renewable electricity retailer and renewable energy project developer. It supplies 100% renewable electricity to commercial, industrial, and government customers through long-term contracts (5-15 years), and develops, owns, and operates utility-scale renewable energy assets including the 111MW Templers Battery, the proposed 1,000MW Western Sydney Pumped Hydro project, and the 256MW Solar River hybrid solar-plus-storage project. Residential and SMB solar/battery installations are delivered through partner MAC Trade Services.
Is ZEN Energy Systems a public or private company?
ZEN Energy Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ZEN Energy Systems founded?
ZEN Energy Systems was founded in 2017. It employs 51 to 100 people.
Where is ZEN Energy Systems based?
ZEN Energy Systems is headquartered in Norwood, Australia, in the Oceania region.
How does ZEN Energy Systems make money?
Six revenue lines are on record. Retail Electricity Supply is the primary driver. The others are energy Storage Asset Ownership, pumped Hydro Development, solar Generation with Storage, energy Procurement Services (PACE) and virtual Tolling Agreements.
Who are ZEN Energy Systems's main competitors?
Direct peers on record are Powershop Australia, Diamond Energy, Edify Energy, Neoen Australia and Nectre. Broad incumbents are Origin Energy, AGL Energy, EnergyAustralia, Shell Energy Australia and Iberdrola Australia.
Does ZEN Energy Systems have an API?
No public API is recorded for ZEN Energy Systems.
What industry is ZEN Energy Systems in?
ZEN Energy Systems's product category is Renewable Electricity Retail. Its primary akta.pro industry code is EUAMAGAJ, Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence), with a secondary code of EUACAFAH, Hybrid Wind Power Plants (Wind+Solar+Storage Co-located). Its NAICS code is 22111 and its SIC code is 4991.