Termina

Termina operates as an energy technology firm focused on reducing power expenses for businesses through its specialized software platform.

Founded in 2020 by Michael Koopman, Rodrigo Garcia-Mulder, and Tom Dempster, the company, formerly known as Threadlet, is headquartered in South Yarra, Australia. Koopman, who serves as CEO, has a background in the battery sector and at the Australian Energy Market Operator (AEMO), and he built the initial version of the software. The company secured a $3 million pre-Series A funding round, led by EVP with participation from Archangel and Skalata, to advance its platform and expand its reach.

The core of Termina's business is an energy management platform that centralizes administration and analytics for multi-site businesses. It serves clients such as Betty's Burgers, Pizza Hut, and Fishbowl by automatically switching them to the most favorable energy plans available. The platform leverages collective buying power, enabling smaller businesses to access pricing typically reserved for larger corporations. This allows clients to manage energy accounts, bills, and data in a single, consolidated system.

Termina's revenue model is directly tied to customer savings; the company earns a portion of the money it saves for its clients, rather than taking commissions from energy retailers. This performance-based model ensures the company's incentives are aligned with its customers' goals of cost reduction. The service requires no hardware installation and provides a single monthly invoice that covers the electricity supply and the management service.

Keywords: energy management, cost reduction, collective energy buying, multi-site business solutions, energy procurement, utility management software, electricity savings, automated switching, energy analytics, power purchase agreements, Australian CleanTech, energy administration, business utility management, commercial energy solutions, Michael Koopman, Tom Dempster, Rodrigo Garcia-Mulder