Summary:
- The CEFC has committed $50 million to Scape Australia, a leading PBSA provider, to electrify and decarbonise 17,000 student accommodation beds across Sydney, Melbourne, Brisbane, and Adelaide, targeting gas infrastructure removal in up to 20 residential buildings to enhance energy performance and support net-zero goals.
- This investment marks the CEFC’s largest residential apartment electrification project to date, establishing a pilot for ‘behind-the-meter’ load-shifting technologies to optimise energy use and cost-efficiency, while supporting Scape’s exploration of PassivHaus principles for new developments to improve energy efficiency by up to 70 percent.
- With Australia’s residential sector responsible for 10 percent of national carbon emissions and retrofit rates below targets, the CEFC’s $3.5 billion property sector investment, including over $2 billion in residential projects, aims to accelerate decarbonisation and set new sustainability benchmarks in the PBSA and broader residential markets.
Original article:
https://www.miragenews.com/cefc-pours-50m-into-electrifying-aussie-student-1571410/
