5B Australia
Mascot · Founded 2013
About 5B Australia
Since 5B’s inception in 2013 by solar engineers Chris McGrath and Eden Tehan, the company has been on a mission to transform the solar energy landscape. Proudly hailing from Australia, 5B specialises in the rapid expansion of large-scale solar deployment with the company’s innovative prefabricated, pre-wired ground mount technology. Initially working on some of Australia's earliest large-scale solar projects, McGrath and Tehan envisioned a departure from conventional methods, reimagining the very basis of solar farm design and construction. This gave rise to 5B’s flagship technology: the 5B Maverick, an accordion-style prefabricated solar array that can be quickly deployed by a small crew. Representing a paradigm shift in the traditional deployment and construction of solar projects, 5B Maverick offers speed, efficiency, and reliability. At the core of 5B’s ethos lies prefabrication, a philosophy aimed at streamlining processes by shifting tasks from the unpredictable field environment to a controlled factory setting. This approach not only improves efficiency but also mitigates risks associated with on-site construction, ensuring superior quality control and reducing the likelihood of issues such as faulty connections and dead modules. Fuelled by a commitment to innovation, 5B is shaping the future of energy. By reengineering the solar supply chain from the ground up, the company is making clean energy more accessible and competitive than ever before, catalysing a global transition towards sustainable power solutions with over 140 project sites worldwide. The company's name, 5B, is a reference to the almost infinite amount of energy potential in the 5 billion years of sunshine the earth has left. The name serves to urge stakeholders to contemplate how this boundless resource can be harnessed most effectively. As 5B continues to expand its network of partners and deploy projects across the globe, the technology manufacturer remains steadfast in its commitment to being the safest, fastest, and most cost-effective solar array technology available to customers worldwide.
Company Facts
- Founded: 2013
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 101 – 250
- Estimated revenue: $50K – $100K
- Total funding: $57.1M
- Funding stage: Early Stage Venture
- Last round: Series B (Dec 2022)
- Website: https://5b.co/
Industries & Categories
CleanTech, Energy, Renewable Energy, Solar
Social Profiles
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