Metro Power Perth Raises $10M For Expansion
The Sydney and Perth offices of BlueMount Capital have raised $10M for expansion capital for Perth based Metro Power Company.
Metro Power Company is positioned to be to be part of a disruption to the $5B wholesale power industry in Western Australia by supplying and trading energy. The Company’s wholesale power services business is underpinned by its unique patented E2M analysis software, a change in the government’s energy policy, and Metro Power’s ready-to-construct solar farm assets. Metro Power is positioned to take electricity supply to the large energy user.
Metro Power was established in 2005, and has successfully transitioned from its exclusive contracts with Western Australia’s largest government electricity generator/retailer, Synergy, to commence its new disruptive business plan to ‘cut out the retailer middle man’ and supply wholesale power direct from the generator to the large end-users in the industrial and resources segments.
The Quality endorsed business has developed a $188M pipeline of solar farm projects consisting of 4 locations totalling 147 MW to be connected before 2020.