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Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

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Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business
Business

Business

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

2026-08-15 13:56 Last Updated At:14:15

SYDNEY, Aug. 15, 2026 /PRNewswire/ -- Yesterday, the Smart Energy Council and RKS Energy Solutions, an authorised retailer for Fox ESS, hosted a press conference in a local warehouse in Castle Hill. Government leaders joined the celebrations, marking Australia's milestone of 500,000 home battery installations and reinforcing the impact of the Cheaper Home Batteries Program (the program) on household adoption of residential energy storage. Fox ESS's brand ambassador, Ian Thorpe, also witnessed this achievement.

Targeting more than two million installations by 2030, the program is now tracking at around 25% of the goal midway through 2026, illustrating how targeted upfront support can rapidly reshape an energy market and strengthen consumer confidence.

Building on earlier success, the Government has expanded the program beyond its original $2.3 billion commitment, with funding of $7.2 billion over four years. For local households, solar and home storage mean permanently lower power bills and real control over their energy costs.

The Government's policy direction continues to evolve, including a renewed focus on the "missing middle" for commercial and industrial (C&I) energy storage. This includes further regulatory work to support solar-plus-storage and additional state-based incentives designed to accelerate uptake.

"This has been an extraordinarily successful scheme. It's creating jobs and generating economic activity, while also reducing power bills. And it's making a genuine difference to climate change by cutting our emissions. Overall, this is a complete win-win," said Hon Anthony Albanese MP, Prime Minister of Australia.

"This is a story of global significance! Australian households have delivered 14 gigawatt hours of storage. We're installing around 2,000 batteries every single working day across the country. And for many households, that has brought their power bills down to zero," said Hon Chris Bowen MP, Minister for Climate Change and Energy.

Fox ESS has been a key contributor to this momentum, supporting strong demand through its local footprint. The company has offices in Sydney and Melbourne, with a service team of more than 50 experts dedicated to the Australian market. In this June, Fox ESS also opened its second factory, further supporting the shift to clean energy, and strengthening its capacity to meet growing demand.

"Fox ESS is now No. 1 in the Australian market, and I'm proud to be their brand ambassador, helping Australians make the most of renewable energy at home. We're backing a future where Australia can run on the abundant resources we have, especially our renewable ones," said Ian Thorpe, Olympian and Fox ESS Brand Ambassador in Australia.

Moving forward, with sustained government support, Australia is poised to strengthen energy resilience, delivering lower bills, and cleaner power nationwide.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

DUBAI, UAE, Nov. 15, 2026 /PRNewswire/ -- EFICYENT, a cross-border payment platform, is going to attend the Singapore FinTech Festival (SFF) 2026, which is going to be one of the world's largest gatherings of the global financial and technology ecosystem.  It will take place between November 18 - 20, 2026, at Singapore. This event will converge policymakers, financial institutions, fintech companies, and investors to discuss the developments that are going to shape the future of fintech.

As financial institutions are desperately discovering new technologies, evolving payment infrastructure, and better ways to move money across borders, SFF 2026 is going to be an ideal platform for industry collaboration and knowledge exchange. The event will explore key forces transforming the financial system, including technology, geoeconomics, capital, talent, and policy, developing opportunities for businesses to engage with global industry leaders and explore emerging possibilities.

By participating in this event, EFICYENT is looking forward to connecting with other fintech companies, banks, financial institutions, and peer industry stakeholders to share their ideas, discover potential collaborations, and hold a conversation on the growing demand for efficient global payment infrastructure. Also, the company's presence will provide an opportunity to demonstrate how its capabilities can assist businesses navigating increasingly interconnected financial markets.

Ahead of the participation, Aravinth Ramesh, CTO at EFICYENT, said:

"As financial services entered a chapter where businesses expect something beyond the ability to transfer money. They need payment platforms that offer speed, transparency, flexibility, and access to global markets. So I think events like SFF create a better opportunity to know in which direction the industry is moving, to share our perspectives with industry leaders, and explore partnerships that drive meaningful progress."

Balasubramanyam K, CEO at EFICYENT, added:

"The future of fintech will be shaped by how effectively technology, financial institutions and payment networks work together. And this SFF event is going to remain an excellent opportunity to connect with industry leaders, better understand emerging requirements, and discover new approaches to making cross-border payments more accessible and efficient."

About EFICYENT

EFICYENT is a global cross-border payments and financial infrastructure platform that concentrates on enabling seamless international money transfers.

They focus on simplifying international transactions and advancing digital finance. EFICYENT is committed to supporting a seamless and interconnected global payments ecosystem.

Media Contact: 
EFICYENT
Dubai, UAE
Website: https://eficyent.com/ 
Email: support@eficyent.com
LinkedIn: https://www.linkedin.com/company/eficyent/

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

EFICYENT to Join Banks and Fintech Companies at Singapore FinTech Festival 2026

EFICYENT to Join Banks and Fintech Companies at Singapore FinTech Festival 2026

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