ADELAIDE,Australia,Dec. 20,2024 -- A leading Australian energy management software and services company has today announced a growth capital investment from Angeleno Group,a long-standing clean energy and climate solutions venture capital and growth equity investment firm headquartered in Los Angeles,with a track record of investing in Australian-based sustainability businesses.

Thisinvestment aims to accelerate AZZO's geographical expansion andthe developmentand impactof its EnergyX IoT platform helping organisations comprehensively manage their energy including renewables and electrification initiatives for efficiency,sustainability and resilience through microgrids.

AZZO's EnergyX IoT platform has made a significant impact in Australia by optimising renewable energy management,addressing grid instability and supporting the transition to a more sustainable,resilient energy ecosystem,helping businesses reduce energy costs,improve efficiency and meet sustainability goals.

Founded in Adelaide by John Azzollini in 2005,AZZO has grown from itsinnovationroots in Australia to become a trusted global leaderin the energy transition,with operations nationwideand a well-established presence in North America.

"I am incredibly proud of the AZZO team for their dedication and achievements. This partnership with Angeleno Group marks a significant milestone in our journey,and I'm excited about what we can achieve together,"says John Azzollini,Founder,AZZO.

"Our commitment to sustainability and energy management remains our guiding purpose,and Angeleno Group's backing allows us to make a broader impactin the energy transition alongside its other innovative portfolio companies advancing decarbonisation and sustainability outcomes," saysJames DiLiberto,CEO,AZZO.

James DiLiberto,AZZO

The organisation delivers cutting-edge energy solutions for energy efficiency,reduces costs,orchestrates Distributed Energy Resources (DERs) and helps in achieving sustainability goals.

"AZZO has developed a compelling energy management solution that aligns well with our mission to invest in and help scale innovative clean energy and climate solutions businesses," says Daniel Weiss,Co-founder and Managing Partner,Angeleno Group. "We are excited to contribute to AZZO's growth journey and support their expansion into new markets" says Anil Tammineedi,Partner,Angeleno Group.

Daniel Weiss,Angeleno Group

This partnership with Angeleno will enable AZZO to further extend its presence in existing markets and enter new territories. With Angeleno Group's experience in scaling transformative energy businesses,AZZO is well-positionedand capitalisedto expedite the development anddeployment of its innovative solutionsthrough partnerships,investments,and acquisitions.

As part of thisinvestment,Dominic Drenen will join AZZOas Chairmanof the Boardin Melbourne,bringingover 25 years ofexperience in the energy sector. Dominic's leadership and industry expertise will be invaluable asAZZOcontinuesto drive growth and innovation.Dominic is an Operating Partner of Angeleno Group and the former CEO of the Angeleno Group portfolio company,Click Energy,which was acquired by AGL in 2020.

The collaboration between AZZO and Angeleno Group represents a major milestone in AZZO's journey to help organisations unlock the full potential of their energy ecosystem. Through targeted investments and partnerships,both companies aim to contribute meaningfully to the transition towards cleaner energy and greater sustainability.

About AZZO

With a 19-year history of customer-focused innovationand offices inOceania and North America,AZZO is a leader in renewable energy & electrification management solutions. The company offers technology and services that help businesses achieve sustainability goals and reduce energy costs while increasing resilience and energy-related revenues. The EnergyX IoT platform is central to AZZO's offerings,providing monitoring,analytics,applications,and control and management capabilities for traditional andrenewable energy systems. For more information,visithttps://www.azzo.com.

About Angeleno Group

Founded in 2001,Angeleno Group is a pioneer in providing growth capital for clean energy and climate solutions companies. Angeleno Group has become one of the United States' longest standing dedicated clean energy and sustainability focused investment firms,making growth investments on a global basis. The firm's core strategy is to invest in high-growth,well managed,innovative businesses with proven technologies and established customer traction. Angeleno Group invests in a range of deal types,with a strategy that is sector-focused and research-driven. Angeleno Group is headquartered in Los Angeles,California. For more information,visitwww.angelenogroup.com.