UON accelerates renewables future with ITOCHU investment

Feb 15, 2024

  • UON welcomes ITOCHU Corporation as strategic shareholder.

  • The deal will accelerate access to decarbonising energy solutions for all areas of industry including mining clients.

The development of SMART energy solutions by UON will be bolstered through the investment of leading global industrial company ITOCHU Corporation of Japan.
An energy and water management solutions company, UON has welcomed the capital and business alliance agreement under which ITOCHU becomes a strategic minority shareholder alongside UON Founder Mark Keogh and Macquarie Group.
Unlocking both customer and supply chain opportunities through its global network, the investment by ITOCHU demonstrates the quality and strength of the locally developed UON SMART™ Solutions.
For more than 26 years, WA based UON has been creating leading integrated energy and water solutions for its customers, driving the efficiency of off-grid energy infrastructure and now integrating decarbonizing solutions through its SMART range of products.
Locally manufactured, monitored, maintained and supported end-to-end, UON’s range of industry leading solutions are specifically built (50 deg C with no derating) for the harsh Australian environment. UON SMART™ solutions are Scalable, Modular, Automated, Renewable and Temperature-Controlled. This means clients get the right equipment for the task that deliver capex, opex and environmental savings.

Personal comments by UON Founder and Chairman Mark Keogh:
“We welcome ITOCHU to UON as shareholder and it is a demonstration of both the quality of products we have developed and their importance to decarbonising remote operations.
“ITOCHU’s investment doesn’t change our day-to-day operations and focus on customer solutions, but instead accelerates the growth of UON and access to advanced renewal solutions and supply chain.
“The history and global presence of ITOCHU brings additional benefits of supply chains, systems, processes and equipment that will further support our industry leading products.
“This is another great milestone for UON and our skilled team, that will ultimately deliver benefits to our clients, as we continue to deliver the decarbonising energy and water solutions they need.
“UON as a business is continuing to attract interest in our vision to deliver energy for every future and this investment in UON’s future demonstrates the significance of UON SMART™ solutions.
“Our values at UON strongly align with our key partners. We value our team and do what is right for the company; we value our clients and we do what is right for them; we value our environment and we are focused on what is right for the planet.”