Locality Planning Energy Holdings Limited provided an update on its activities. Leveraging $10 million Credit Facility to Drive Growth LPE has secured a $10 million credit facility from funding partner, Roadnight Capital, to expand its embedded network customer base. The Board will utilise the credit facility, which has a 3 year term, to install and upgrade strata communities' capital works (whether it be switchboard or metering replacement or upgrades), centralised hot water systems and/or renewable generation - at no upfront cost to the community - in return for long-term stable supply contracts.

Incrementally, LPE will pursue acquisition opportunities to further grow the embedded network customer base through existing retailers and billing agents looking to exit the industry or join forces with a well-established ASX-listed Queensland strata service provider.