Nectr
Nectr is an Australian energy retailer backed by Hanwha Energy that sells retail electricity plans alongside turnkey residential and commercial solar, battery, and Virtual Power Plant (VPP) services to households, SMBs, and C&I customers across six Australian states.
- Company typePrivate
- Founded2018
- HeadquartersNorth Sydney, Australia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Nectr does
Nectr is an Australian energy retailer, wholly owned by Hanwha Energy Retail Australia Pty Ltd (a subsidiary of South Korea's Hanwha Group), operating across six states and territories (NSW, QLD, VIC, ACT, SA, TAS). Founded in 2018 and headquartered in North Sydney, the company serves residential households, small-to-medium businesses, and commercial & industrial (C&I) customers with a bundled offering of retail electricity plans and turnkey solar and battery installations. As of the latest disclosed milestone, Nectr has surpassed 20,000 Australian customers and is positioned among the country's top greenest retailers per the Greenpeace Green Electricity Guide.
The company's product portfolio spans residential, business, and enterprise electricity plans (flat, time-of-use, and GreenPower variants), solar and battery systems ranging from 3kW to 18kW using hardware from Qcells, Tesla, Sungrow, SolarEdge, and AlphaESS, and a Virtual Power Plant (VPP) platform that aggregates enrolled residential batteries for energy market dispatch. Underlying infrastructure comprises the Nectr mobile app for real-time energy monitoring, a Battery Rebate & Savings Calculator, Clean Energy Council certified installer networks, and Tesla Energy Certified Installer credentials. Nectr also operates large-scale virtual battery off-take contracts, including at Neoen's Western Downs BESS in Queensland.
Nectr monetizes through recurring electricity supply charges (daily supply + cents/kWh usage billed monthly), one-time solar/battery hardware sales with bundled installation fees, interest income from zero-interest financing plans (3-6 year terms), managed services revenue from VPP market dispatch, and long-dated Power Purchase Agreements (5-10 year PPAs) for business and enterprise customers. Go-to-market combines direct sales (phone, web quote, in-home assessment), self-serve online plan comparison, partner channels (Penrith Panthers, Pharmacy Guild, Cumberland Council), and B2B account management for C&I deals. The company has won multiple consecutive Mozo Experts Choice Awards (2021-2026) and Finder Customer Satisfaction Awards (2022-2024) for value and customer experience.
Nectr firmographics
Firmographics- Name
- Nectr
- Legal name
- Hanwha Energy Retail Australia Pty Ltd
- Website
- https://nectr.com.au
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nectr is an Australian energy retailer backed by Hanwha Energy that sells retail electricity plans alongside turnkey residential and commercial solar, battery, and Virtual Power Plant (VPP) services to households, SMBs, and C&I customers across six Australian states.
- Ownership category
- akta.pro rank
Nectr industry classification
Industry- Product category
- Retail Electricity and Solar & Battery Installation Services
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Community Choice Aggregation (CCA) / Municipal Aggregation Retail Supply (EUAGABAF)
- akta.pro secondary industry
- Contracts for Differences (CfDs) & Virtual PPAs (VPPAs) (EUAGADAH)
Keywords
Where Nectr is headquartered
LocationHeadquarters
- HQ city
- North Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
Nectr business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Electricity Retail Plans: Nectr sells electricity plans (residential, business, enterprise) with competitive rates, offering flat tariff, time-of-use (TOU), and controlled-load options across Australian distribution networks. Revenue is generated through supply charges (daily supply charge in cents/day) and usage charges (cents/kWh), billed monthly or quarterly. Plans include GreenPower options (100% renewable electricity) at a premium.
- Solar & Battery Systems (Sales, Installation & Bundles): Nectr sells and installs turnkey solar and battery packages (3kW to 18kW systems) using branded bundles (Qcells, Tesla, Sungrow, AlphaESS). Revenue is earned on hardware margins, installation fees, and financing plan interest. Promotional zero-interest payment plans (3–6 year terms) facilitate affordability. Approved battery products include Sungrow, SAJ, SolarEdge, Tesla Powerwall, and AlphaESS.
- Solar & Battery Professional Installation Services: Nectr provides Clean Energy Council certified installation for residential and commercial solar and battery systems, using in-house or accredited installer networks. Installation service revenue is bundled with hardware sales.
- Virtual Power Plant (VPP) Participation: Nectr operates a VPP aggregating enrolled home battery systems, earning revenue from energy market dispatch while providing participants bill credits (VPP credits). Separate VPP terms and conditions apply per plan (Nectr BEEyond VPP, Nectr Plan BEE VPP, Nectr BEE Super FiT VPP).
- Power Purchase Agreements (PPAs) for Business & Enterprise: Nectr offers commercial PPA solutions where businesses commit to 5–10 year contracts for renewable energy sourced from large-scale solar/wind projects. Revenue is generated through energy supply contracts at negotiated rates below market, supporting corporate sustainability goals.
- GreenPower Plans (Premium Renewable Electricity): Nectr sells 100% GreenPower-accredited electricity plans for residential and business customers at a premium price, where a portion of revenue is directed to accredited renewable generators.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential Flat Tariff — Ausgrid Network (2026-2027) |
| Subscription | Monthly | Residential Time of Use Tariff — Ausgrid Network (2026-2027) |
| Subscription | Monthly | Small Business Flat Tariff — Ausgrid Network (2026-2027) |
| Unit Pricing | Pay-as-you-go | Nectr & Qcells Family & Friends Solar & Battery Bundle |
| Unit Pricing | Pay-as-you-go | Nectr & Qcells QMAXX Solar Only Offer |
| Subscription | Annual | Nectr Power Perks Loyalty Program |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels9 records
Nectr product offering
Product offeringCore offering
Nectr is an Australian energy retailer that sells residential, business, and enterprise electricity plans (including GreenPower 100% renewable options) bundled with turnkey solar panel and battery storage installation services (3kW–18kW systems). The company also operates a Virtual Power Plant (VPP) that aggregates enrolled home batteries into the energy market, and offers long-term Power Purchase Agreements (PPAs) for commercial and industrial customers. All operations are supported by an in-house mobile app for real-time energy monitoring and a Clean Energy Council certified installer network across six Australian states and territories.
Product overview
Nectr is an Australian energy retailer offering a comprehensive suite of energy products and services. The core offering consists of residential, business, and enterprise energy plans (including GreenPower options and Power Purchase Agreements), complemented by solar and battery installation services. The solar and battery portfolio includes various system sizes (3kW to 18kW) featuring products from partners like Qcells (panels, Q.HOME CORE battery), Sungrow, Tesla, and AlphaESS. Nectr also operates a Virtual Power Plant (VPP) enabling customers with home batteries to participate in the energy market. The company is backed by Hanwha Energy Australia and holds Tesla Energy Certified Installer status. Key products include Nectr Power Perks (loyalty program), the Nectr App for energy monitoring, and various government rebate assistance programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Home Energy Plans Electricity plans for Australian households offering flat tariff, time-of-use (TOU), and controlled-load options across Australian distribution networks, with competitive rates and a $75 bill credit every six months via Power Perks.
- Green Home Energy Plans (GreenPower) 100% GreenPower-accredited electricity plans for households that choose renewable energy sourced from accredited generators, at a premium price.
- Business Energy Plans Flexible short- and long-term electricity plans for Australian small and medium businesses, including competitive flat tariff options and GreenPower choices.
- Enterprise Energy Plans (Commercial & Industrial) Customised C&I energy solutions for large operations including custom pricing, Power Purchase Agreements (PPAs), and renewable energy sourcing, accessed via a dedicated expression-of-interest form.
- Power Purchase Agreements (PPAs) Long-term energy contracts (5–10 years) allowing businesses to source electricity directly from renewable generation projects, providing price certainty and sustainability credentials.
- Home Solar & Battery Systems Turnkey residential solar panel and battery storage systems in sizes from 3kW to 18kW, installed by Clean Energy Council certified installers using approved products (Sungrow, SAJ, SolarEdge, Tesla Powerwall, AlphaESS).
- Business Solar & Battery Systems Onsite solar and battery solutions for commercial properties with full-service support from system selection through installation and ongoing monitoring.
- Virtual Power Plant (VPP) Cloud-based network that aggregates enrolled home battery systems to optimise interaction with the energy market, allowing participants to earn bill credits while supporting grid stability. Includes Nectr BEEyond VPP, Nectr Plan BEE VPP, and Nectr BEE Super FiT VPP variants.
- Nectr App Mobile application on iOS and Android that enables customers to monitor energy usage, track solar generation and battery storage, manage their energy account, and access VPP features.
- Nectr & Qcells Solar & Battery Bundle Bundled solar panel (Qcells Q.MAXX G5+, 25-year warranty) and battery (Q.HOME CORE with Samsung SDI technology, 15-year warranty) package offered with promotional zero-interest payment plans starting from $157/month over 3–6 years.
- Federal Battery Rebate Program Program applying the federal battery estimated rebate amount as an upfront discount when installing an eligible battery system from approved products including Sungrow, SAJ, and SolarEdge.
Quantifiable outcome
- Customers can reduce quarterly power bills by ~50% or more (e.g., Glen from Normanhurst: from ~$900 to $400–$500; Rosie from Brisbane: from ~$900/month to $0)
- +3 more outcomes
Companies that use Nectr
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Nectr technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nectr partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, flagship, minor and major.
- Neoen AustraliacoreNectr signed virtual battery contracts with Neoen Australia for Stages 2 and 3 of the 845 MW / 2,300 MWh Western Downs Battery Energy Storage System (BESS) in Queensland. This adds Nectr to Neoen's portfolio of five virtual battery off-takers (alongside AGL Energy, Shell Energy, ENGIE, and SmartestEnergy), covering 540 MWh / 1,080 MWh of contracted capacity in Stages 2 and 3. The project uses 312 Tesla Megapack 2XL units targeting commercial operation during the 2027/28 Australian summer.
- SmartestEnergycoreSmartestEnergy signed virtual battery contracts with Neoen Australia for Stage 3 of the Western Downs BESS project, alongside Nectr. SmartestEnergy joins the virtual battery program alongside AGL Energy, Shell Energy, ENGIE, and Nectr, bringing total off-takers to five and achieving full contracted capacity coverage for the project.
- Penrith Panthers Rugby League ClubflagshipNectr secured naming rights for the Nectr Rugby League Academy (renamed from Panthers Rugby League Academy) through 2026–2027 seasons. The partnership includes solar installation on the academy (100 kW, saving $54,000/year), grassroots support for 8,500+ junior players across 23 clubs, and a $500 installation discount for Panthers members. Branding appears on playing and training shorts (since 2022) and academy naming rights.
- PlentiminorNectr partnered with Plenti to offer low-cost green loans enabling customers to finance solar and battery installations with favourable interest rates. Plenti's financing options help customers overcome upfront cost barriers, supporting higher conversion rates for solar/battery bundle sales.
- Tesla EnergycoreNectr is a Tesla Energy Certified Installer, enabling certified installation of Tesla Powerwall and related Tesla Energy products as part of its solar and battery bundle offerings. This certification is featured as a key credential on the Nectr website and supports premium battery storage positioning.
- Pharmacy Guild of AustraliamajorNectr entered an industry-leading deal with the Pharmacy Guild of Australia to deliver energy relief for community pharmacies and their customers. This partnership leverages the Pharmacy Guild's network to offer competitive energy plans and solar/battery solutions to pharmacy businesses, with co-branded promotions and dedicated support for Guild members.
- Ark EnergyminorNectr and Hanwha Energy partnered with Ark Energy, expanding renewable energy solutions into the broader Hanwha ecosystem. Ark Energy is associated with large-scale solar and battery projects that may complement Nectr's retail and VPP operations.
- Qcells (Hanwha Group)majorNectr offers exclusive Qcells (Hanwha Group) solar and battery bundle promotions, including Q.MAXX G5+ solar panels (engineered in Germany, 25-year warranty) and Q.HOME CORE battery storage (Samsung SDI technology, 15-year warranty). Multiple limited-time offers (Family & Friends, premium bundles, Tesla bundles) feature Qcells products exclusively for Nectr customers.
- Cumberland Council (NSW)minorNectr signed a landmark deal with Cumberland Council (NSW) to provide energy solutions to council operations and/or residents, showcasing benefits of a shift to greener, cleaner energy. This landmark agreement was featured as a case study in community energy adoption.
- BrighteminorNectr offers interest-free solar finance through Brighte, allowing customers to spread installation costs over time. Brighte specialises in green home improvement financing, supporting Nectr's accessibility and affordability positioning.
- HummminorNectr partnered with Humm to provide interest-free solar finance options, enabling customers to pay for solar and battery installations in manageable instalments. This expands Nectr's financing ecosystem alongside Plenti and Brighte.
Scale indicators7 records
Recent moves6 records
Nectr competitors and assessment
Company assessmentDirect peers
- AGL Energy: Australia's largest retail energy provider serving residential, business, and C&I customers with electricity, gas, and increasingly solar/battery/VPP offerings. AGL is one of the five Western Downs BESS off-takers alongside Nectr, making it a directly comparable player across retail supply, VPP, and large-scale energy storage contracting.
- Origin Energy: Major Australian integrated energy retailer with residential, SMB, and C&I electricity offerings plus solar/battery installation services. Origin's solar division (formerly part of acquired businesses) and Kraken platform compete directly with Nectr's bundled retail-plus-hardware-plus-VPP model.
- EnergyAustralia: One of Australia's 'Big Three' energy retailers with residential, business, and C&I customers across NSW, VIC, QLD, SA, and the ACT—the same geographies as Nectr. EnergyAustralia offers competitive retail plans, commercial solutions, and increasingly renewable PPAs and solar offerings, making it a direct competitor in overlapping markets.
- Shell Energy Australia: Shell's Australian retail energy business (incorporating Powershop and formerly Click Energy) serves residential and C&I customers with competitive plans, renewable options, and large-scale BESS contracting. Shell Energy is also a Western Downs BESS off-taker with Nectr, making it a directly comparable peer across retail supply and grid-scale storage.
- ENGIE Australia: Global energy major with a substantial Australian retail energy business serving commercial and industrial customers, plus utility-scale renewable development. ENGIE is the fifth Western Downs BESS off-taker with Nectr and competes directly for the same enterprise PPA and large-scale renewable contract opportunities.
Emerging players
- Amber Electric: Australian retail electricity provider offering real-time wholesale pricing, smart battery control, and VPP-style services to tech-savvy residential customers. Amber is a closer scale match to Nectr and competes for the same prosumer and battery-owning household segment through differentiated, app-driven offerings.
- Mojo Power: Australian retail energy challenger focused on transparency, no-lock-in contracts, and customer-friendly pricing. Mojo Power competes with Nectr in the residential switching market, particularly for customers seeking straightforward plans without bundled solar commitments.
Broad incumbents
- Tesla Energy: Global provider of Powerwall home batteries, solar roof, and Megapack grid-scale storage. Tesla is both a partner (Nectr is a Tesla Energy Certified Installer) and adjacent incumbent shaping the residential battery market Nectr serves, with its own VPP ambitions via Tesla Electric in select US markets.
- Enphase Energy: Global supplier of microinverters, IQ Battery home storage, and the Enphase IQ8 VPP-enabled system widely deployed in Australian homes. Enphase provides the underlying hardware ecosystem for many of Nectr's competitor installers and operates its own VPP program, making it an adjacent incumbent in the same value chain.
Others
- Neoen Australia: French-Australian independent power producer developing utility-scale solar, wind, and battery storage (including the 845 MW Western Downs BESS where Nectr is a virtual battery off-taker). Neoen is a partner/supplier to Nectr rather than a direct competitor, but operates in the adjacent renewable generation and PPA ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Key risks6 records
Key highlights7 records
Customer concentration
Nectr social profiles
Digital presenceNectr compliance and trust
Trust signalCompliance2 records
Nectr financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nectr leadership team
Management profileNumber of profiles
Profiles1 record
Nectr subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nectr funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nectr 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 Nectr
What does Nectr do?
Nectr is an Australian energy retailer that sells residential, business, and enterprise electricity plans (including GreenPower 100% renewable options) bundled with turnkey solar panel and battery storage installation services (3kW–18kW systems). The company also operates a Virtual Power Plant (VPP) that aggregates enrolled home batteries into the energy market, and offers long-term Power Purchase Agreements (PPAs) for commercial and industrial customers. All operations are supported by an in-house mobile app for real-time energy monitoring and a Clean Energy Council certified installer network across six Australian states and territories.
Is Nectr a public or private company?
Nectr is a private company. It is classified as corporate owned and is currently operating.
When was Nectr founded?
Nectr was founded in 2018. It employs 11 to 50 people.
Where is Nectr based?
Nectr is headquartered in North Sydney, Australia, in the Oceania region.
How does Nectr make money?
Six revenue lines are on record. Electricity Retail Plans are the primary driver. The others are solar & Battery Systems (Sales, Installation & Bundles), solar & Battery Professional Installation Services, virtual Power Plant (VPP) Participation, power Purchase Agreements (PPAs) for Business & Enterprise and greenPower Plans (Premium Renewable Electricity).
Who are Nectr's main competitors?
Direct peers on record are AGL Energy, Origin Energy, EnergyAustralia, Shell Energy Australia and ENGIE Australia. Emerging players are Amber Electric and Mojo Power. Broad incumbents are Tesla Energy and Enphase Energy. Neoen Australia is listed as an others.
Does Nectr have an API?
No public API is recorded for Nectr.
What industry is Nectr in?
Nectr's product category is Retail Electricity and Solar & Battery Installation Services. Its primary akta.pro industry code is EUAGABAF, Community Choice Aggregation (CCA) / Municipal Aggregation Retail Supply, with a secondary code of EUAGADAH, Contracts for Differences (CfDs) & Virtual PPAs (VPPAs). Its SIC code is 4991.