REG - IP Group PLC - New climate fund launch with Australia's CEFC

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RNS Number : 6344Y  IP Group PLC  30 March 2026

 FOR RELEASE ON  30 March 2026

IP Group announces new fund with Australia's Clean Energy Finance Corporation
to support Australian cleantech companies

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), which invests in
breakthrough science and technology companies with the potential to create a
better future for all, announces that it has launched the IP Group Climate
Catalyst Fund with Australia's Clean Energy Finance Corporation ("CEFC").

The new fund will help scale Australian technologies that can decarbonise
hard‑to‑abate industries and has a target size of up to A$150m. The launch
demonstrates continued execution of IP Group's strategy to grow private
capital under management and accelerate the commercialisation of breakthrough
science and technology.

The IP Group Climate Catalyst Fund will target Seed and Series A investments
in areas including industrial processes (cement, steel and chemicals); mineral
processing and supply chain; heavy transport (aviation, shipping and freight);
energy-efficient AI and data centres; agriculture and land use; and
dispatchable energy and grid balancing. First close of the fund has been
reached with IP Group contributing A$30m and CEFC A$20m as cornerstone
investors. Fundraising is underway to bring additional third party investors
into the Fund.

In Australia, IP Group's cleantech portfolio includes Hysata, developing the
world's most efficient hydrogen electrolyser; Electralith, an innovator in
lithium extraction and refining; Optigrid, an asset optimisation platform for
grid-scale batteries; and Banksia Minerals Processing, which is developing a
novel process for refining copper from challenging ores.

IP Group currently manages over £0.5bn in third‑party capital, including a
A$435m mandate for Hostplus, one of Australia's top ten superannuation funds.
The IP Group Hostplus Innovation fund, managed by the Group's Australian team,
has already supported a range of IP Group portfolio companies including Oxford
Nanopore, Genomics, First Light Fusion, Oxa and Hysata, providing additive
growth capital as these businesses scale.

Greg Smith, Chief Executive of IP Group, said: "This fund strengthens IP
Group's ability to back the breakthrough technologies that will define the
next era of decarbonisation. The launch of the Climate Catalyst Fund with the
CEFC, alongside the recently announced relationship with Aberdeen in the UK,
is clear evidence that we are executing our strategy to grow institutional
private capital under management and support the scale-up of high-impact
science."

Malcolm Thornton, CEFC Head of Growth Capital, said: "This is a strategic
relationship between IP Group Australia and the CEFC that is targeting a
USD30-50 trillion global decarbonisation opportunity by investing in
Australian-emerging climate technologies. Mobilising private capital directed
at decarbonising industry is a huge part of what the CEFC is trying to
achieve."

Alistair McCreadie, IP Group Australia CIO, said: "The global race to
decarbonise is driving unprecedented demand for breakthrough technologies, and
achieving material emissions reductions will require the largest reallocation
of capital in modern history, creating a generational investment opportunity.
While renewable energy has led the charge, the hard-to-abate sectors
(accounting for over 30% of global greenhouse gas emissions) represent the
next frontier. These sectors demand transformative innovation, not incremental
change."

For more information, please contact:

 

 IP Group plc                       www.ipgroupplc.com
 Liz Vaughan-Adams, Communications  +44 (0) 20 7444 0062/+44 (0) 7967 312125
 Portland
 Lewis Bendall-Craft                +44 (0) 7931 973950

 

Notes for editors

 

About IP Group

 

IP Group accelerates the impact of science for a better future. As the most
active UK based, early stage science and technology investor, we develop and
support some of the world's most exciting businesses in healthtech, deeptech
and cleantech. Including through Parkwalk, the UK's largest growth EIS fund
manager, we back world-changing innovation emerging in leading universities
and research institutions. Our specialist investment team combines sector
expertise with an international approach. Together we have a strong track
record of success, having backed high-profile companies including Oxford
Nanopore Technologies plc, Hinge Health, Featurespace, First Light Fusion,
Hysata, and Oxa. IP Group is listed on the Main Market of the London Stock
Exchange under the code IPO.

 

For more information, please visit our website at www.ipgroupplc.com
(http://www.ipgroupplc.com/) .

 

About the CEFC

The CEFC is Australia's specialist climate investor, helping cut emissions in
the race towards net zero by 2050. We invest in the latest technologies to
generate, store, manage and transmit clean energy. Our discounted asset
finance programs help put more Australians on the path to sustainability, in
their homes and on the road. CEFC capital is also backing the net zero
transformation of our natural capital, infrastructure, property and resources
sectors, while providing critical capital for the emerging climate tech
businesses of tomorrow. With access to more than A$33 billion from the
Australian Government, the CEFC invests with commercial rigour and is governed
by an independent board.

ENDS

 

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