The Western Australian Government intends to appoint Plenti Group (ASX:PLT) as an administrator and financier for its Residential Battery Scheme to aid the state’s transition towards clean energy.
By 1 July 2025, the Residential Battery Scheme will offer Western Australian households up to $1,300 for Synergy customers and $3,800 for Horizon Power customers. Households will be able receive up to $5,000 and $7,500 respectively for the installation of a solar battery system.
Households with a combined gross annual income of less than $210,000 will be able to apply for a no-interest loan, valuing up to $10,000.
The budget allows for $337 million to provide a safe and sustainable level of battery uptake, and in turn ensure greater stability across the state’s electricity grid.
Plenti will aid participants that are looking to decrease their energy bills and carbon footprint by offering streamlined access to the rebate and financing.
CEO Adam Bennett says the company is proud to deliver the battery initiative alongside the government.
“With up to 100,000 rebates available, this is one of the most significant programs of its kind, and we’re excited to facilitate its impact,” Bennett says.
“With our proven track record of running government funding programs that help Australian households decarbonise, we’re confident in our ability to support the successful rollout of this scheme and play our part in accelerating Australia’s transition to a smarter, more resilient energy system.”
Mining.com.au reported the Labor party’s plans to build a 50 megawatt battery in the major mining hub of Kalgoorlie following re-election in March to support the state’s emerging vanadium industry. The battery is scheduled to be operating by 2029.
Write to Maddison Elliott at Mining.com.au
Images: Plenti Group
