Sydney, 30 June 2026: HMC Capital announces the launch of Illuma Energy, unifying its energy platform under a single identity to scale its next phase of growth. Illuma Energy integrates investment, development and operating capability to deliver large-scale energy infrastructure critical to Australia’s energy system.

The launch of Illuma Energy follows the integration of StorEnergy and the Neoen Victorian portfolio into the platform, and the financial close of a strategic partnership with KKR.

Illuma Energy currently operates more than 650 megawatts (MW) of wind, solar and battery energy storage assets, including the Victorian Big Battery, Bulgana Wind Farm and Numurkah Solar Farm.

The platform also holds a development pipeline of nearly 6 gigawatts (GW) of energy projects nationwide. This includes the Moorabool BESS project (VBB2), which was recently awarded a Capacity Investment Scheme Agreement (CISA) providing a long-term, Federal Government-backed revenue underwrite.

Together, the operating portfolio and development pipeline position Illuma Energy to deliver reliable, flexible and affordable energy at scale. The assets enhance grid stability while supplying new clean electricity to power homes, businesses and high-growth sectors such as digital infrastructure.

Illuma Energy is wholly owned by HMC Capital, with the KKR partnership providing global capital and deep infrastructure expertise. Illuma Energy’s near-term pipeline is fully funded to FID-ready status, enabling the accelerated delivery of its development pipeline.

Gerard Dover, Chief Executive Officer, Illuma Energy: “The name Illuma speaks to the role energy plays in illuminating the path to progress. The Illuma Energy launch and the KKR financial close mark an important milestone for the platform. With the right capital partners and team in place, and a strong project pipeline, Illuma Energy is well positioned to play a major role in Australia’s energy future."