‘Highly unusual’: The mystery energy deal underpinning Firmus’ IPO pitch
The company’s cornerstone green energy deal has sparked anger in Tasmania, where details around the state-sanctioned agreement remain murky.
As AI infrastructure company Firmus embarks on a globetrotting investor roadshow ahead of one of the biggest local IPOs of the year, the green energy deal underpinning its entire pitch is facing scrutiny back in Tasmania.
Co-founder and co-CEO Oliver Curtis confirmed last month that his company — which was founded in Tasmania before moving its headquarters to Singapore — had secured an agreement with state-owned energy retailer Aurora Energy for the supply of 104 megawatts of hydro-electric power from Hydro Tasmania.
But Tasmanian Greens MP Tabatha Badger is concerned about how Firmus reached a deal with Aurora when a long line of companies have been knocked back.
“There’s never been any details on what exactly was promised to Firmus, or what Firmus was promising to deliver for the Tasmanian community,” she told Capital Brief. “So there’s been a lot of concerns, and we’ve been waiting for details of that deal.”
