Power
Grid orchestration, storage, EV charging, distributed energy. Cannot connect without compliance proof.
The need
Storage, EVs, buildings, and distributed assets are becoming active grid participants, not passive loads. A heatwave hits. Rooftop solar floods the grid with no coordination. Batteries sit idle because nobody filed the dispatch paperwork. The blackout was avoidable.
Tier 1: grid connection licensing, renewable targets, building energy codes. Tier 2: carbon pricing, embodied carbon disclosure.
The filter
Of those, 7 have effective dates between 2024 and 2030.
Effective dates
In-flight regulations across the four markets, by effective year.
Source: hmm Ventures regulatory dataset.
| Market | Regulation | Tier | Effective |
|---|---|---|---|
| AU | Capacity Investment Scheme. Renewable Targets | T2 | 2027 |
| AU | NCC 2025. State Adoption Completion | T1 | 2027 |
| SG | Carbon Tax Increase (SGD 45/tonne) | T1 | 2027 |
| JP | GX Carbon Pricing. Full Implementation | T1 | 2028 |
| JP | Building Standards Act. Digital BIM Mandate | T1 | 2028 |
| NZ | Building Code Update. Embodied Carbon Requirements | T1 | 2028 |
Source: hmm Ventures regulatory dataset.
The cohort
Each mark is one company in the four-market dataset. Highlighted marks are the named exits already on the dataset.
581 Power Systems companies. Highlighted marks: named regulated-company acquisitions.
Across the four markets
A$893M
Status: in flight.
Status: in flight.
Status: in flight.
If you allocate capital
A short note on the office, the mandate, and what you have read.
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