October 2026
Largest Renewable Energy Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
Tamboran Resources, Graphene Manufacturing Group, LGI Ltd., Frontier Energy and VivoPower.
 | Tamboran Resources Corp is a gas company focused on supporting the Net Zero CO2 energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Australian Northern Territory. The group is in the exploration and appraisal stage, focusing on its primary assets consisting of rights to working interests in exploration acreage in the Beetaloo sub-basin, Northern Territory, Australia. | $30 | +91% | $855M | $894M | - | (27.0x) | ||
| Graphene Manufacturing Group Ltd is an Australian clean-technology company that produces graphene powder through a proprietary process using natural gas as feedstock. The company focuses on energy-saving solutions and energy storage products enabled by graphene. Its product range includes THERMAL-XR, a graphene-enhanced coating system for improved heat transfer; G Lubricant, a graphene-based lubricant additive; and a graphene aluminum-ion battery under development. The company targets sectors such as HVAC refrigeration, automotive, energy storage, utilities, and infrastructure. The revenue is generated from two sources: Thermal-XR and G-Lubricant product sales and Thermal-XR coating services. | $1 | +88% | $199M | $193M | 383.0x | (9.7x) | ||
| LGI Ltd is engaged in the recovery of biogas from landfills, and the subsequent conversion into renewable electricity and saleable environmental products. | $2 | -40% | $182M | $179M | 5.9x | 11.8x | ||
| Frontier Energy Ltd is a renewable energy company whose principal activity is the development of a large-scale integrated renewable energy facility and is involved in mineral exploration. Its project include the Waroona Renewable Energy Project located in Australia and the Superior Lake Zinc and Copper project in Canada. | $0 | -34% | $143M | $141M | - | (37.2x) | ||
| VivoPower PLC is engaged in building, owning, and leasing powered land and data center infrastructure for AI compute applications. The group delivers specialized infrastructure solutions across the AI Data Centers, Power-to-X, and Electric Mobility. It is develop and operated infrastructure that enables sovereign nations and institutional partners to secure control over power, data, and national intelligence, supporting AI, compute-intensive workloads, and energy transition use cases. | $2 | -28% | $68M | $101M | 1648.6x | (10.3x) | ||
| Janus Electric Holdings Ltd Formerly Renu Energy Ltd delivers clean energy products and services. It is engaged in identifying and developing green hydrogen projects and investing in renewable and clean energy technologies. The company seeks to be a supplier of green hydrogen to support its customers reduce emissions and to do this by pioneering green hydrogen ecosystems that decarbonize heavy transport and power generation. The company's operating segments are; Hydrogen, and Renewable and Clean Energy Investments. It derives a majority of its revenue from the Hydrogen segment. | $0 | +213% | $64M | $67M | 44.6x | (12.9x) | ||
| Gold Hydrogen Ltd engages in the exploration of a natural hydrogen prospective resource in Australia. It holds 100% interest in the Ramsay Project, a Gold Hydrogen exploration project in South Australia. | $0 | +0% | $60M | $54M | - | - | ||
| Hazer Group Ltd is engaged in commercialising the production of hydrogen gas from methane with negligible carbon dioxide emissions and the co-production of high-purity graphite. The Group has intellectual property rights to a technology (the Hazer Process), which enables the production of hydrogen gas from the thermo-catalytic decomposition of methane (natural gas) with negligible carbon dioxide emissions and the co-production of a high-purity graphite product. | $0 | -45% | $55M | $48M | 3497.5x | (6.4x) | ||
| NH3 Clean Energy Ltd is an Australian company engaged in reducing carbon emissions by providing clean energy solutions. The company focused on Future Energy project development and Future Energy materials exploration and project development. It is developing a business to deliver decarbonized hydrogen (low-emissions ammonia) into export and domestic markets at scale, via its WAH2 Project. The Company plans to use renewable energy to the extent practicable. The group owns the McIntosh Nickel-Copper-PGE project and the Halls Creek Gold and Base Metals project in Western Australia. It has two joint ventures on its Graphite properties. | $0 | -10% | $47M | $46M | 667.6x | (8.9x) | ||
| Carnegie Clean Energy Ltd is the developer of utility-scale solar, battery, wave, and hybrid energy projects. The firm is mainly engaged in CETO wave energy technology/microgrid build, own, operate, which is developing and commercializing technology for zero-emission electricity generation from ocean swell, and the production and sale of energy through the ownership of microgrids; and Solar and Battery engineering and procurement. The firm realizes a majority of its revenue from Garden Island Microgrid through electricity sales. | $0 | +116% | $45M | $46M | 206.9x | (42.4x) | ||
| Calix Ltd is an Australian technology company. The company's patented core platform technology delivers efficient indirect heating of minerals to enable the electrification of industries, efficient capture of unavoidable CO2 emissions, and green industrial processing solutions. Its core technology platform includes the Calix Flash Calciner (CFC). The group operates in three business segments, namely: Leilac (CO2 mitigation), Sustainable Processing, and Magnesia. It has operations in Australia, New Zealand, Asia, Europe, and the United States of America. The company generates the majority of its revenue from Magnesia. | $0 | -46% | $32M | $27M | 1.1x | (0.9x) | ||
| Environmental Clean Technologies Ltd is engaged in investment, research, development, and the commercialisation of technologies that bridge the gap between today’s use of low-grade and waste resources and tomorrow’s zero-emissions future, with an emphasis on producing low-emission, net-zero, and carbon-negative products for the agriculture, industry, and energy sectors. Its activities include: continuing to develop the COLDry Commercialisation Project at Bacchus Marsh (BM Project); developing commercial opportunities for the company's commercial site at Yallourn; and managing the development of, and extracting value from, the group's intellectual property and potential new opportunities. Its projects are the COLDry Commercial Demonstration and Coldry Fertiliser Project. | $0 | -20% | $29M | $28M | 152.5x | (9.3x) | ||
| Eden Innovations Ltd is engaged in developing clean technology solutions. It develops, manufactures, and markets EdenCrete, a concrete admixture, and OptiBlend, a retrofit dual fuel kit developed for diesel generator sets. The group has two segments, namely the Eden Innovations LLC segment, which includes EdenCrete sales and development, and Optiblend sales, service, and manufacturing; and the Eden Innovations India Pvt Ltd segment, which includes Optiblend sales, service, and manufacturing in India. It generates the majority of its revenue from the Eden Innovations LLC segment. | $0 | +2% | $23M | $20M | 11.8x | (6.1x) | ||
| ClearVue Technologies Ltd is a technology company specializing in the integration of solar technology within building surfaces. Its patented solar technology enhances the sustainability and energy efficiency of both new and existing buildings by generating energy from nearly all building facade surfaces. The company's product offerings include BIPV materials that generate power from all vertical surfaces of the building, such as solar vision glass, spandrel, cladding, balustrade, skylights, and rooftop solutions. Geographically, it operates and derives revenue from Australia. | $0 | -66% | $14M | $13M | 167.4x | (1.6x) | ||
| Pure One Corp Ltd is a clean technology company focused on delivering zero-emission mobility and energy solutions. Its portfolio spans battery-electric, hydrogen and hybrid technologies, supported by plans to supply domestically sourced clean hydrogen fuel in Australia and internationally. | $0 | -52% | $12M | $11M | 6.4x | (0.9x) | ||
| HyTerra Ltd is dedicated to the exploration and production of natural hydrogen. Natural hydrogen is generated through naturally occurring processes in the subsurface. The company explores natural hydrogen by drilling wells in prospective regions around the world. Its projects include Projects Geneva, Nebraska, USA, and Nemaha Ridge, Kansas, USA. | $0 | -69% | $9M | $6M | ||||
| Median | $0 | -24% | $51M | $47M | 160.0x | (9.1x) |
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