Best Energy Companies in New Zealand
The 105 best Energy companies in New Zealand in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Contact.
Energy in New Zealand has real capital behind it. This directory ranks 105 tracked companies by disclosed equity funding and recent momentum, with $709M in total disclosed funding across the field. Contact leads at $240M raised, followed closely by Vector at $230M. Those two alone account for two-thirds of the pool. Lodestone Energy sits further down at $34M, but it's moving fast in the utility-scale solar buildout that's reshaping the country's generation mix.
So what's actually driving the heat here? Solar PV, EV battery technology, and energy management systems are the themes pulling capital right now, and solar's push beyond early adopters is accelerating that. The broader global energy management market was pegged at roughly $61.7B in 2020, and New Zealand's slice is increasingly competitive. App-layer momentum confirms it: median install growth across energy apps hit 28% YoY across 138 tracked products. I'd watch the investor side too. Icehouse Ventures, Outset Ventures, and NorthStar Impact are the names backing earlier-stage bets, while the bigger funded players suggest institutional appetite is solidifying. You're looking at a market that's moved well past the pilot phase.
- Siemens Smart Infrastructure
Our analysis of 441 Energy companies
$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in New Zealand
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Contact Contact Energy is one of New Zealand's leading energy generators and retailers. | $240M | 131 mo ago | Public | Dennis Barnes CEO | 1996 | Kentico CMSFroala EditorMicrosoft ASP.NET+17 | — | — |
| 2 | Vector Provider of electricity, gas, and fibre network services | $230M | 109 mo ago | Public | Bruce Gordon CEO | 1999 | Cart FunctionalityKentico CMSApple iCloud Mail+18 | 2 patents Provides equipotential bonding solutions for electrical safety in power installations. | 1 partnership |
| 3 | WEL Networks Provides innovative electricity distribution solutions & services | $101M | 95 mo ago | Funding Raised | Michael Underhill CEO | 1988 | Apple iCloud MailMicrosoft 365Ruby+19 | — | 1 launch · 1 partnership |
| 4 | Genesis Energy Integrated power and gas company | $87M | 108 mo ago | Public | Marc England CEO | 1999 | Apple iCloud MailMicrosoft 365Node.js+22 | — | 1 partnership · 2 awards |
| 5 | Lodestone Energy Leading the development of solar energy sector with large-scale solar farm projects | $34M | 13 mo ago | Series C | Gary Holden Managing Director | 2020 | WordPressApple iCloud MailMicrosoft 365+26 | — | 1 job opening · 1 partnership · 2 expansions |
| 6 | Ecodiesel Limited Producer of biodiesel from animal fats | $4M | 200 mo ago | Series A | Gary Brockett CEO | 2009 | — | — | — |
| 7 | Solagri Developer of solar energy projects | $4M | 54 mo ago | Series A | — | 2018 | — | — | — |
| 8 | Lightyears Solar Developer of utility scale solar energy power projects | $4M | 26 mo ago | Series A | Sean Tobin Co-Founder | 2019 | Squarespace CommerceCart FunctionalitySquarespace+18 | — | 3 job openings · 1 expansion |
| 9 | EnergyBank Manufacturer of batteries | $3M | 56 mo ago | Seed | Rhys Foster Co-Founder | 2020 | — | — | — |
| 10 | HydroWorks Provider of civil contracting services for industrial and housing projects | $1M | 126 mo ago | Seed | — | 2001 | — | — | — |
| 11 | New Zealand Energy Oil and natural gas exploration and production company | $991K | 11 mo ago | Public | John Greig Co-Founder | 2010 | WordPressMySQLPHP+16 | — | — |
Top 12 Energy companies in New Zealand
#1
Series C · Auckland, Auckland · founded 2020 · 16 employees$33.6Mraised▾
Lodestone Energy is a company focused on transforming New Zealand's electricity sector through the development of solar farms. They aim to increase New Zealand's solar production significantly and contribute to the decarbonization of the energy sector.
- Apr 2025Series C$30M
- Feb 2024Series C$33.6M
#2
Public · Wellington, Wellington · founded 2010$990.6Kraised▾
New Zealand Energy Corp is involved in exploration, development, and production of oil & natural gas from conventional & unconventional reserves in Taranaki Basin of New Zealand. Asset portfolio includes 100% working interest in Eltham Permit which produces 1100 BOE of oil per day; 65% operating interest in Alton Permit; 50% working interest in Waihapa which can produce 25k BOE of oil per day. Also, has interests in gas processing and pipeline midstream infrastructures.
- Jul 2025Post IPO$597.7K
- Oct 2024Post IPO$540.8K
- May 2024Post IPO$5M
- Dec 2023Post IPO$1.7M
#3
Series A · Auckland, Auckland · founded 2019 · 5 employees$3.6Mraised▾
Developer of utility scale solar energy power projects
- Mar 2024Series A$3.6M
#4
Public · Auckland, Auckland · founded 1999 · 970 employees$230.2Mraised▾
Provider of electricity, gas, and fibre network services. It offers electricity and gas services, including network maintenance and smart energy solutions. The company also provides fibre network services and related technological solutions. Additional services encompass outage reporting, planned power outage information, and safety resources for network-related emergencies. It supports distributed generation and battery connection for electricity customers. The company also addresses customer complaints and disputes related to pricing and utility services.
- May 2017Conventional Debt$218.2M
- Jan 2010Conventional Debt$12M
#5
Public · Wellington, Wellington · founded 1996$240Mraised▾
Provider of electricity, gas, broadband, and mobile services. It offers bundled services, providing energy credits for adding broadband or mobile to existing electricity plans. The company also features renewable energy generation initiatives and energy-saving tips for customers. Support services and account management are available online. A focus on decarbonization is a key aspect of the business.
- Jun 2015Venture Debt$240M
#6
Funding Raised · Hamilton, Waikato · founded 1988 · 324 employees$101.4Mraised▾
The company distributes electricity to Hamilton region for over 100 years,connecting over 160,000 people to electricity through 93,000 installation connection points.
- Jun 2018Conventional Debt$101.4M
- Jun 2018PE—
#7
Public · Auckland, Auckland · founded 1999$87.5Mraised▾
Genesis Energy is engaged in the natural gas & electricity production and distribution activities. Operating a thermal, hydro & wind power project which generate 1629-megawatt power. Claims to be operating the largest power station in New Zealand. Supplies bottled natural gas to residential & commercial customers. Provides a mobile application through which customers can select an electricity plan and can monitor the services. Holds 46% interest in Kupe oil and gas field located in Taranaki basin. Also supplies & installs solar power systems.
- Jun 2017Conventional Debt$18.1M
- Mar 2016Conventional Debt$69.4M
#8
Series A · Christchurch, Canterbury · founded 2018 · 8 employees$4Mraised▾
Developer of solar plant designed to generate low-cost solar electricity. The company's technology generates its own renewable electricity from sunlight, offering farmers capital-free solar as a service, enabling clients to optimize environmentally sustainable agribusiness.
- Dec 2021Series A$4M
#9
Seed · Auckland, Auckland · founded 2020 · 9 employees$2.7Mraised▾
Developer of energy storage technology designed for the offshore wind market. The company's technology works by moving multiple thousand-tonne masses back and forth between the ocean floor and its surface over vertical distances, enabling customers to store energy with radically improved economics.
- Oct 2021Seed$2.7M
#10
Series A · Auckland, Auckland · founded 2009$4Mraised▾
Ecodiesel, co-founded by Pacific Channel is developing a biodiesel production plant in New Zealand. Uses tallow as a feedstock to produce biodiesel. Also utilizes other raw materials like animal fats, vegetable fats and waste fats. Claims that the plant will produce 20-million liters of biodiesel per year.
- Sep 2009Series A$3.3M
- Mar 2009Seed$786.8K
#11
Seed · Christchurch, Canterbury · founded 2001 · 57 employees$1.4Mraised▾
Provider of civil contracting services for industrial and housing projects. This includes the construction of industrial buildings, housing complexes, power plants, and stadiums. They utilize modern management and construction techniques, employing qualified engineers and artisans. The company has a history of successfully completing diverse projects within specified timelines. Their expertise spans various sectors, demonstrating a capability to handle large-scale undertakings.
- Dec 2015Seed$1.4M
#12
Public · Wellington, Wellington · founded 2011 · 326 employees—raised▾
Z is a fuel retailing company which operates 150 retail stations in New Zealand and offers gasoline, diesel, biodiesel, LPG, and premium fuels. Also supplies aviation & marine fuel and diesel oil for fleet operators and logistics companies.
- Mar 2022Grant (prize money)—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.