Australia’s first First Nations-owned retail energy provider, Yurringa Energy has begun operating in Victoria, marking a significant milestone in the state's energy sector. With support from Invest Victoria and the Victorian Government, it will help power the state's biggest road project - North East Link.
This pioneering initiative not only aims to transform the energy landscape but also highlights a commitment to powering Victoria's North East Link project with 100% renewable energy. By integrating cultural values and environmental stewardship, Yurringa Energy sets a new standard for the energy sector, fostering both economic growth and sustainable practices.
In a major early success, the company secured the energy supply contract for the North East Link, and in partnership with Alinta Energy, is contributing to the state’s once-in-a-generation renewable electricity transition and transformation by delivering 100 per cent renewable power during the construction of the tunnels.
Since 2023, the Victorian Government has provided critical support to establish Yurringa Energy's operations within the state's thriving energy sector.
Invest Victoria, in collaboration with the Aboriginal Economic Development unit of the Department of Jobs, Skills, Industry and Regions, has played a vital role in facilitating Yurringa Energy's development. This support has significantly accelerated the establishment process, enabling the company to avoid potential delays and continue its operations effectively.
“The Victorian Government’s support and willingness to walk with us with a shared vision to interrupt the cycle of economic exclusion for Indigenous people has been significant to our success.” said Yurringa Energy Founder and Managing Director, Daniel Briggs
In addition to financial support, Invest Victoria provided Yurringa Energy with essential business guidance and advisory services.
Through these connections, Yurringa Energy was introduced to networks that included key government bodies, such as the Department of Energy, Environment and Climate Action (DEECA) and the State Electricity Commission of Victoria, as well as business mentors - support that has been crucial in driving the project’s early success.
“Invest Victoria played an incredibly important role in assisting Yurringa Energy to achieve what many said was impossible. As an Australian first, investment of the kind we were assisted with demonstrates the importance of an “investment model” as opposed to a cost model. Invest Victoria’s commitment, courage and willingness to work with us on this journey was the “enabler” for this exciting achievement to be realised.” said Yurringa Energy Founder and Managing Director, Daniel Briggs
To drive the company’s long-term sustainability, Yurringa Energy will create employment and training opportunities for Indigenous people in the growing renewable energy sector.
The Victorian Government has set world-leading renewable energy targets of 65 per cent by 2030 and 95 per cent by 2035 and achieve net zero by 2045. To achieve these ambitious targets, Victoria offers unparalleled opportunities for businesses seeking to innovate, develop, and profit in the rapidly growing clean energy market.
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