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Australian Industrial Energy was originally formed as a consortium comprised of Squadron Energy, major Japanese investment company Marubeni Corporation and Japanese energy giant JERA Co.,Inc.

In October 2020, Squadron moved to 100% ownership of AIE.

Squadron Energy invests in a range of energy and related infrastructure businesses.

Squadron is a company of Tattarang, one of Australia’s largest private investment groups, owned by Western Australian businessman Andrew Forrest and his family.

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© Australian Industrial Energy 2020