GemLife CEO Adrian Puljich (pictured right) has secured a deal to provide renewable power to over 10,000 homes in its land lease portfolio that will cut bills by 60%.
The Gold Coast-based operator has agreed a partnership with Evergen, a software developer, and Evo Power, a VIC battery company.
GemLife, which is a joint venture with Singapore-listed Thakral Corporation, will invest more than $75 million over the next six years to develop Virtual Power Plants (VPP) across its 11 existing and new communities in QLD, NSW and VIC.
The communities will be up to 90% energy independent.
GemLife is the first operator in the country to install the technology in a large-scale masterplanned community, with VPPs now operating at GemLife Maroochy Quays, GemLife Bribie Island and GemLife Palmwoods resorts, all in South East Queensland.
The deal follows a successful trial of the innovative technology at its GemLife Palmwoods community, in the Sunshine Coast hinterland, where the average power bill reduced to just $8 during the six-month testing period.
“The VPP shields residents from soaring electricity prices, offering bill consistency, which is vitally important for our residents, the majority of who are on fixed incomes,” says GemLife Director and CEO Adrian Puljich.
“At the same time, we’re contributing to a more sustainable future, with the initiative projected to significantly reduce carbon emissions, while limiting our reliance on the national energy grid, to assist with energy firming – so it really is win-win.”
“Across the first three communities, we’ve already connected 700 homes to VPPs, at no cost to our homeowners, and will be installing the system in all our existing communities by the end of 2024, with all our new communities to open with the technology already in place.”
GemLife Palmwoods residents Eric and Margaret Martin said the VPP was a welcome relief, given the volatility of energy pricing amidst other cost of living pressures.
“Our bills have been very small and once the senior’s discount has been applied, we’ve had nothing to pay at all,” said Margaret.
