Earnings blitz ahead with updates due from Origin Energy, IAG, ASX Ltd, Northern Star, South32 and Treasury Wine, among others. ASX debut for new pharmacy and healthcare behemoth after Sigma-Chemist merger. Rising US inflation adds to Fed’s Trump tariff challenges.
Securing access to a key cog in the NSW renewables plan will come as relief to Origin following its $300m acquisition of the giant Yanco Delta wind development.
The delay in restoring capacity at Origin Energy’s Eraring coal power station means NSW is running without its two largest power plants operating at full capacity.
Key takeaways from Macquarie’s latest Green Energy Conference – which headlined the CEOs of Origin Energy and Santos – were the ever-present risks of a poorly managed transition.
Origin Energy has committed to a third expansion of the battery at its Eraring coal power station, which once finished will be one of the world’s largest.
Green hydrogen ambitions have flickered recently, but serious money is still flowing into the sector from international investors which excites people like Paul Barrett.
Australia must urgently develop energy market rules for beyond 2030 or risk an economic catastrophe, Origin Energy chief executive Frank Calabria has warned.
Sinopec is the latest in a wave of Asian buyers that have been looking to renegotiate their long-term LNG contracts to reflect the new pricing environment.
The energy major is abandoning its ambitious plans for hydrogen in the latest blow to the Albanese government’s dreams for the energy source to help drive the transition to net zero.
NSW producer Centennial Coal is axing 200 jobs at its Mandalong mine after failing to win a new supply deal with Origin for its Eraring coal-fired power station.
AGL Energy’s new technology business, Kaluza, plans a fivefold expansion of customer accounts to challenge Origin Energy’s own investment – market leader Octopus Energy.