This Month
Neara reaches unicorn status with AI models to reinvent power grids
Neara, which uses AI to create digital versions of critical power infrastructure, has cracked the billion-dollar valuation milestone after raising $90 million.
GIP restarts $565m-a-year Pacific National sale; flyers sent
A sale flyer, sent to potential buyers in recent weeks, shows the rail freight group is making close to $600 million in EBITDA.
It took investors 18 minutes to hate billionaire’s switch from concrete to AI
The Bobcat king is trading his shovel for a chip in the year’s biggest pivot by a $2 billion-plus Australian company. The stock tanked.
Octopus strikes deals for $3.3b battery outlay
The acquisition of projects Queensland includes one set to be the country’s biggest battery, as NSW kicks off its largest rollout of big batteries.
The banker-turned-architect boosting house values with parks
Landscape architect Leonard Ng says the way to win over critics of large projects – and ensure the best design – is to measure the benefits.
Home batteries smash records, but households miss out on extra dollars
Many Australians are not getting the full value of their solar and storage because they are not confident about signing up to virtual power plant programs.
Private credit meets AI factories at Firmus. What could go wrong?
American-style data centre deal-making and financing is coming to Australia. And the numbers are getting bigger.
How NSW’s investment vehicle returned 11.3pc a year
OneFund will return $2.2 billion more than would have been earned under a previous investment approach, NSW Treasurer Daniel Mookhey says.
Aware Super launches sale of $4b Victorian land titles registry
The deal could value SERV, responsible for registering every property sale in Victoria, at $4 billion after the government privatised it in 2018.
January
Can AI data centres save Australia’s fading exceptionalism?
Executing a successful AI data centre build-out will demand a level of political and policy co-ordination that is seldom achieved in this country.
Australia’s data centre ambition depends on two things
We could earn billions building AI factories for US tech giants. But data centres could use 15 per cent of grid power and 25 per cent of Sydney’s water.
Ausgrid launches $3b sale of Plus Es smart meters business
It comes after the NSW government and its private capital partners have overcome years of disagreement on Plus Es’ ownership to launch a 100 per cent sale.
NIMBY threat to Brisbane’s Olympic ambitions
Heritage and other anti-development applications are eating up time as the city scrambles to be ready for the 2032 Games.
Bevan Slattery’s $700m subsea AI cable plan revealed
The tech infrastructure entrepreneur says international connectivity is the missing piece in the AI infrastructure investment boom, and his company will fill it.
No, thanks! Macquarie courts GIC for $11.6b Qube bid as its mates pass
Singapore’s sovereign wealth fund has discussed joining the logistics takeover as major infrastructure investors decline to stump up the required equity.
New failure hits outage-plagued Queensland coal power plant
The unusual twin failure of both generating units at Callide C has revived doubts about the state government’s plan to run coal power stations for longer.
This UK spa town has a water problem. Australian investors are nervous
Residents and businesses in Royal Tunbridge Wells are up in arms over supply cuts that are forcing them to use bottled water for drinking, cooking and cleaning.
PE-backed consultant RP Infrastructure merges with rival
DCWC is among the top consultants on its patch in Melbourne, while the Sydney-headquartered RP Infrastructure has been expanding nationally.
Canavan brother’s Mayfair takes stake in Queensland coal power plant
A private resources company led by the brother of former resources minister Matt Canavan has taken an interest in Queensland’s biggest power generator.
Macquarie asks bankers to put it out of its misery at Bingo Industries
MA Moelis’ Paul Rathborne and Chris Wyke, who’ve built their careers on finding paydays for owners stuck with challenging assets, have snaffled the gig,
