The federal government's green bank has tipped $35 million into WA startup Plico Energy to expand the rollout of its discounted loan scheme for its rooftop solar and home battery systems.
WA Labor's $387 million election promise to provide rebates for household battery installation has been cautiously welcomed by industry, who say cracks in the policy are already surfacing.
Plico Energy has locked in $2.4 million from investors while also agreeing to a $1.6 million debt facility with a major lender, with the funds to go towards its WA marketing initiatives.
