Planet Ark Power opens Singapore office in APAC expansion drive during Series A share offer

Brisbane-based engineering start-up, Planet Ark Power, is opening a Singapore office and looking for investors to support their international expansion after having won global recognition.

Their rise was accelerated when they were recognised as a leading global energy transition pioneer by winning at the Start Up Energy Transition (SET) Awards in April. The awards, part of the 5th Berlin Energy Transition Dialogue, were held by the German Energy Agency (dena) in cooperation with the World Energy Council.

eleXsys Energy, trading under the brand Planet Ark Power, won in the category of ‘Intelligent Grids, Platforms and Cyber Security’. Their pitch on their innovative grid-transforming solution received the unanimous support from the jury of global energy and climate change experts.

Last week, Planet Ark Power exhibited their game-changing technology alongside other innovators committed to a clean energy future at the 24th World Energy Congress hosted by the World Energy Council in Abu Dhabi as a #SET100 Startup. On this world stage, Planet Ark Power launched its Series A share offering, seeking AUD 20 million in share capital to spur an international expansion into markets where pilot projects have been established, namely France and the USA.

As part of this, Singapore was identified as an important base for expansion into APAC. In establishing the Singapore office, Planet Ark Power is seeking investment capital and pilot projects. Key Planet Ark Power personnel will be attending the Emergence 2019 conference, hosted by Wholesale Investor, which is APAC’s flagship conference for investment and raising capital on 20 September 2019.

In opening the Planet Ark Power Singapore Office, John Coates has been engaged to represent Planet Ark Power in Singapore during the Series A capital raise process and perform the investor relations role. John Coates is a renewable technology and IT professional engineer based in Singapore, with a background in technologies and renewable energy. Having worked in senior positions at REC Solar and Cisco Systems, his experience provides a deep understanding of the technologies and industry fundamentals to assist in enabling Planet Ark Power to expand into APAC. John has previously been engaged with Planet Ark Power during his role as Head of Australasia for REC Solar.

Singapore Office – 7 Straits View, Marina One East Tower

Set in the heart of the financial business district, Marina One East Tower is situated in the iconic integrated development at Marina Bay. Please come and visit Planet Ark Power to get an understanding of how the technology is enabling renewable grids of the future.

About Planet Ark Power

Planet Ark Power is looking to dynamise the world’s energy grids with distributed clean energy. They were recognised as an energy transition pioneer at the 2019 Start-Up Energy Transition Awards in Berlin for its game-changing behind-the-meter technology.

Planet Ark Power’s technology allows every rooftop to be filled with solar panels, resulting in a 1,300% increase compared to today’s limitations. Their unique solution can also cut the cost of supplying energy off-grid and in the developing world, by delivering off-grid clean energy at up to 75% less than current diesel or renewable alternatives.

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