ElectraNet Funding, Investors & Competitors

Discover ElectraNet funding history, investors and competitors like Energie Steiermark, NextEra Energy, Iberdrola and Enel.

ElectraNet Overview

About ElectraNet

ElectraNet is South Australia's regulated electricity transmission network operator spanning 8,200 circuit kilometers. Headquartered in Adelaide since privatization in 2000, it connects generators including Hornsdale Power Reserve and Snowy 2.0 to 1.8 million customers. The company invests $1 billion annually in grid upgrades for 100% renewables integration by 2030, managing voltage from 66 kV to 275 kV across deserts and urban areas.


Founded

2000

HQ

AustraliaAdelaide

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

ElectraNet Funding History

ElectraNet has 2 recorded secondary share sales and no primary funding rounds.

ElectraNet funding rounds

ElectraNet funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2025SecondaryAustralian Retirement Trust-The Infrastructure Fund, managed by Macquarie Asset Management, sold its 17.1 per cent indirect interest in South Australian transmission network ElectraNet, held through the Australian Utilities Trust, to Australian Retirement Trust. The sale was executed through pre-emption rights at a price the seller said was consistent with comparable competitive processes, and lifted the combined direct interest held by ART and the Utilities Trust of Australia to 54.1 per cent. The Infrastructure Fund had held ElectraNet since 2003 and added to its stake in 2022.
Feb 2022SecondaryUtilities Trust of Australia (lead); Morrison & Co; Macquarie Asset Management; Australian Retirement Trust$748MElectraNet operates South Australia’s principal high-voltage electricity transmission network, spanning 5,900 km of lines across 200,000 square km to serve 1.7 million customers. Australian Utilities Trust (AUT), comprising Utilities Trust of Australia, The Infrastructure Fund, and Australian Retirement Trust (formerly Sunsuper), acquired an additional 33.5% stake from YTL Power International for A$1.026 billion on February 8, 2022, increasing AUT's ownership from 19.94% to 53.4%. AUT has held a stake in ElectraNet since 2003, supporting network investments for renewable energy transition, including Project EnergyConnect. State Grid Corporation of China holds the remaining 45.89% stake.

Who has invested in ElectraNet?

4 investors have backed ElectraNet across its funding rounds, including Australian Retirement Trust, Macquarie Asset Management, Morrison & Co and Utilities Trust of Australia.

Lead investors include Utilities Trust of Australia.


ElectraNet Investors

Investors in ElectraNet by funding rounds participated
InvestorHQRoundsRoleFirst check
Australian Retirement TrustAustraliaBrisbane2ParticipantFeb 2022
Morrison & CoNew ZealandWellington1ParticipantFeb 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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ElectraNet Competitors

ElectraNet competitors include listed companies like NextEra Energy, Iberdrola, Enel and Constellation Energy, and private ones like Energie Steiermark and GNDB.

Public and private companies comparable to ElectraNet
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Energie SteiermarkAustriaGrazPrivate--$557M-
NextEra EnergyUnited StatesUnited StatesPublicly listed$27B$16B$170B9.6x
IberdrolaSpainSpainPublicly listed$51B$17B$158B4.3x
EnelItalyItalyPublicly listed$78B$21B$102B2.1x
Constellation EnergyUnited StatesUnited StatesPublicly listed$26B$5B$93B3.8x
GNDBSpainBarcelonaPrivate-$1B$16B-

ElectraNet Public Comps

ElectraNet is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, TotalEnergies, NextEra Energy, ConocoPhillips, Iberdrola and CNOOC.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B3.9x3.7x8.2x7.1x
ExxonMobil$324B$68B2.2x1.8x10.5x8.0x
Chevron$184B$41B2.4x2.0x10.8x7.2x
PetroChina$427B$70B0.8x0.7x4.7x4.4x
Shell$267B$55B1.2x1.0x5.8x4.5x
TotalEnergies$182B$38B1.3x1.2x6.3x5.0x
NextEra Energy$27B$16B10.5x9.6x17.9x16.2x
ConocoPhillips$59B$25B3.0x2.6x7.0x5.8x

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Common questions about ElectraNet

When was ElectraNet founded?ElectraNet was founded in 2000.
Where is ElectraNet headquartered?ElectraNet is headquartered in Adelaide, Australia.
Is ElectraNet publicly listed?No, ElectraNet is a private, VC-backed company.
Who are ElectraNet's investors?ElectraNet's investors include Australian Retirement Trust, Morrison & Co, Macquarie Asset Management and Utilities Trust of Australia.
Which companies are comparable to ElectraNet?Companies comparable to ElectraNet include Energie Steiermark, NextEra Energy, Iberdrola, Enel, Constellation Energy and GNDB.

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