Angeleno Group and Energy Impact Partners Announce AUD$50M Commitment to IND Technology – The Leading Global Provider of Early Fault Detection (EFD™) Systems to Prevent Grid Failures and Reduce the Risk of Wildfires

Investment Will Accelerate IND Technology’s North American Expansion and Deployment of Its Industry-Leading EFD™ System to Prevent Outages, Protect Infrastructure and Improve Grid Reliability Worldwide

Angeleno Group, the pioneering Los Angeles-based investment firm providing venture capital and growth equity to clean energy and climate solutions companies, and Energy Impact Partners LP (EIP), a global technology investor specialized in the energy transition, announced today a AUD $50 million commitment to IND Technology, the leading global provider of Early Fault Detection (EFD™) systems to prevent power outages and wildfires caused by failing power grids and safeguard communities across the globe. The round includes participation from Edison International, one of the largest electric utility holding companies in the U.S., and Virescent, Australia’s largest dedicated climate and energy venture investor.

As lead co-investors, Angeleno Group and EIP’s commitment will support IND Technology’s global expansion, particularly in North America, and accelerate the deployment of its flagship Early Fault Detection (EFD™) system, a breakthrough preventative monitoring solution for electric utilities, which has helped prevent more than 500 potential fire events worldwide. IND Technology also intends to use the capital to expand its machine-learning engineering team, further enhancing the platform’s ability to interpret complex fault data and deliver actionable insights for utilities.

Founded in 2013, IND Technology developed the world’s first continuously monitoring EFD™ system capable of identifying incipient electrical faults across high-, medium- and low-voltage electrical systems. IND Technology’s preventative technology utilizes AI and ML to identify faults long before they lead to outages, safety incidents or wildfires. Driven by a commitment to lasting impact, IND Technology has grown into a global enterprise with operations across the United States, Australia, Canada, Europe, and Southeast Asia. The company has sold more than 15,000 EFD™ systems to utility companies. This year, IND Technology received the Manufacturing and Advanced Materials Award from Global Victoria and was named a national finalist in the 63rd Australian Export Awards.

Today, the company’s proven EFD™ platform helps utilities modernize inspection and maintenance practices, replacing costly manual patrols with real-time, data-driven monitoring. IND Technology is dedicated to improving the safety and reliability of electrical networks for asset owners and the communities they serve. Its expanded product offering includes solutions for low-voltage and underground markets, transmission markets, as well as the capability to integrate solar systems and weather stations for data collection.

"We are thrilled to partner with IND Technology in this next phase of growth,” said Cassie Bowe, Partner at EIP. “Grid reliability and wildfire prevention are increasingly urgent priorities for utilities, and IND Technology’s early fault detection platform stands out for its proven performance, scalability and real-time insights. We see significant opportunity for their solution as utilities modernize infrastructure and respond to growing climate risks."

“We are excited to support IND Technology’s mission to revolutionize the way critical power infrastructure assets are monitored,” said Anil Tammineedi, Partner at Angeleno Group. “For decades, utility companies have relied on manual inspections, sending crews to check lines mile by mile. IND Technology’s solution represents a true step change, enabling continuous detection of emerging electrical faults before they escalate into outages or wildfires. It’s one of the most advanced and impactful grid monitoring systems we’ve seen, and no team is better positioned to capitalize on the growing demand for smarter, safer and more efficient networks.”

“Protecting communities with proven innovation has always been our purpose. The commitment from Angeleno Group and EIP is a strong vote of confidence in the EFD™ system as a crucial layer of grid safety and reliability. Across North America, utility companies are moving from periodic checks to continuous monitoring, and the demand we’re seeing reflects that shift,” said Alan Wong, CEO of IND Technology.

“With more electrification, ageing infrastructure and increasingly severe weather, network owners need clear, early warnings so maintenance teams can act before a fault becomes an outage or an ignition and we’ve seen the EFD™ system do exactly that. With our partners, we’ll expand our delivery, field support and analytics across North America, working closely with utility companies to bring this life-saving innovation to the communities that need it most,” Dr Wong added.

About IND Technology

IND Technology develops advanced monitoring solutions that enable electric utilities to prevent faults, enhance reliability, and improve the safety of power networks. The company’s proprietary Early Fault Detection (EFD™) system uses distributed sensors and patented ML-driven algorithms to detect partial discharge and other early-stage faults on transmission and distribution lines—helping utilities identify and address issues before they cause outages, wildfires, or equipment damage. Founded in 2013 and headquartered in Melbourne, Australia, with offices in the U.S., Canada and Malaysia, IND Technology partners with leading utilities across North America, Australia, and Asia to support a safer, more resilient, and efficient electric grid. For more information, please visit https://ind-technology.com

About Angeleno Group

Founded in 2001, Angeleno Group is a pioneer in providing growth capital for clean energy and climate solutions companies. Angeleno Group has become one of the United States' longest-standing dedicated clean energy and sustainability focused investment firms, making investments on a global basis. The firm invests in high-growth, well-managed, innovative businesses with proven technologies and established customer traction. Angeleno Group invests in a range of deal types, with a strategy that is sector-focused and research-driven. Angeleno Group is headquartered in Los Angeles, California. For more information, visit www.angelenogroup.com.

About Energy Impact Partners

Energy Impact Partners LP (EIP) is a global energy investor with a proprietary model designed to drive innovation. EIP brings together entrepreneurs and some of the world’s most forward-thinking energy and industrial companies to advance innovation for a better energy future. Investing in venture, growth, private equity and credit, EIP seeks attractive risk-adjusted returns for its investors by leveraging its differentiated strategy and industrial ecosystem. With over 80 corporate partners and over $4.5 billion in assets under management, EIP invests globally with over 100 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.

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