Company Updates, Renewables, Solar

RACQ acquires majority shareholding in GEM Energy

The Royal Automobile Club of Queensland (RACQ) has solidified its commitment to renewable energy by acquiring a majority shareholding in Australian residential and commercial solar company GEM Energy.

Formed in 1905, RACQ boasts almost 1.8 million members. For the past 117 years, the organisation has provided motoring, insurance and banking services to Queenslanders, and now renewable energy is part of its service charter.

RACQ CEO David Carter says its upcoming solar and battery offering will help members transition their mobility and home energy needs for a sustainable future.

“RACQ is committed to providing Queenslanders with affordable, reliable and high-performing solar energy to help reduce emissions, lower power bills and provide emergency power relief,” he says.

For the past two years, RACQ has partnered with GEM Energy to provide solar system installation services to its members, but now its majority shareholding in the company provides a new chapter in the organisation’s drive towards renewable energy.

“RACQ’s commitment to its members and the Queensland community is well known, and we’re proud it has recognised GEM Energy as a leader in renewable energy,” says GEM Energy CEO Jack Hooper.

“We look forward to working together to provide genuine advice and recommendations for sustainable energy solutions that best suit our customers’ individual needs.

“GEM Energy has installed more than 5000 solar and battery systems across the state since launching in Emerald, Queensland, in 2013, and we look forward to improving the lives of more Queenslanders through RACQ in the future.”

A RACQ branded solar and battery offering will launch later this year to provide energy solutions for residential and commercial customers, including solar power and battery storage for homes and businesses; electric vehicle charging; solar system health checks; solar mounting equipment for buildings, car parks and on-ground operations; and commercial LED lighting services.

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