ASX Announcements
September
Cannon-Brookes’ Grok fails to back AGL board on exec pay
The decision by Mike Cannon-Brookes’ private company to abstain on the remuneration vote signals tensions over emissions reduction plans are unresolved.
- Angela Macdonald-Smith
AGL, nation’s biggest carbon emitter, awarded stellar ESG rating
Influential proxy advisor CGI Glass Lewis says the Mike Cannon-Brookes-backed company is being transparent about its efforts to pivot to clean power.
- Angela Macdonald-Smith
Farquhar’s Atlassian era passes without a grand farewell
Co-founders Scott Farquhar and Mike Cannon-Brookes spent their final day of as co-CEOs working from home. Venture capitalists say Farquhar’s influence goes beyond Atlassian.
- Tess Bennett
August
Origin’s virtual power plant now as big as a coal power station
The company has claimed bragging rights over rival AGL for the largest virtual power plant in Australia – and perhaps the world.
- Ben Potter
- Results Wrap
- Chanticleer
Winners from profit season’s big Wednesday
All eyes were on CBA’s monster numbers, but Seven Group Holdings and AGL also delivered nice profit growth – and Pro Medicus impressed yet again.
- James Thomson and Anthony Macdonald
- Opinion
- Chanticleer
AGL’s accidental chairman a good lesson in leadership
Having settled a hornet’s nest, it must have been tempting for Patricia McKenzie to hang on.
- Anthony Macdonald
CBA breaks from the pack; ASIC sues ASX Ltd; AGL profits surge
Read everything that’s happened in the news so far today.
Resurgent AGL to accelerate clean energy after profits surge
The giant electricity and gas supplier beat profit forecasts and inked $250 million of acquisitions to speed up growth in batteries and solar power.
- Angela Macdonald-Smith
AGL Energy prepares to unveil big batteries play; acquires Firm Power
The company, which builds project to support the energy transition by providing firming power, was founded by Simon Ingram and Chris Wilson.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cannon-Brookes, Turnbull-backed solar maker cuts staff, replaces CEO
SunDrive, which also counts Blackbird as an investor, is restructuring its business at the same time as it courts global partners to expand its operations.
- Ben Potter
July
AEMO chief warns no chance of nuclear replacing ageing coal plants
Daniel Westerman, who runs the energy market operator, said gas generation would remain the “ultimate backstop” as fossil fuels exit the electricity grid.
- Angela Macdonald-Smith
Transmission ‘will get easier’ after EnergyConnect: Transgrid CEO
Brett Redman’s comments come as speculation mounts Transgrid will need to bring other contractors in to complete the delayed $2.3 billion transmission project.
- Updated
- Angela Macdonald-Smith
- Exclusive
- Emissions
NSW coal power stations put on notice over CO₂ limits
The new licence conditions come amid a resurgence in coal power generation in the state and across the National Electricity Market in the June quarter.
- Angela Macdonald-Smith
Why overseas money is pouring into Australian green energy
The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.
- Angela Macdonald-Smith
Power prices to surge amid sluggish rollout of clean energy: UBS
Wholesale power prices could be almost 50 per cent higher than last year, the investment bank’s analysts warn, as renewables project development has stalled.
- Angela Macdonald-Smith
June
Money from Mike Cannon-Brookes has so much energy
Through Boundless, the software billionaire’s donations find their way into interesting places.
- Mark Di Stefano
Can investors de-risk the energy transition? It depends who you ask
Energy companies and big investors are pivoting to projects that can skirt the transition roadblocks, cut carbon and make money for shareholders.
- Ben Potter
Ausbil’s Xiradis more bullish than most on ASX growth stocks
The 45-year market veteran is considering whether to back Guzman y Gomez’s IPO, saying the fast-food chain will “capture the imagination” of investors.
- Alex Gluyas
AGL Energy says investment case for wind and solar is ‘tricky’
But Macquarie Asset Management’s head of green investment sees plenty of opportunities for investors willing to “face into” these challenges.
- Hannah Wootton
Labor’s flagship emissions scheme a ‘headwind’ for gas: Engie
Labor’s flagship renewable energy scheme could undermine the economics of gas power in the National Electricity Market.
- Elouise Fowler