Ikea launches massive project on rooftop of one of its stores: 'The smart choice'
Ikea Australia is making a significant move toward sustainability with the launch of a new solar energy project at its Marsden Park facility in Sydney. This initiative is part of the company's broader commitment to reducing its environmental footprint while also benefiting the local community.
Over the past decade, Ikea Australia has reduced its operational climate footprint by 89%, with solar energy playing a central role. The AU$2.9 million ($1.9 million) project will generate up to 70% of the energy required for the facility's 24-hour operations.
The installation includes 4,000 solar panels across a 9,000-square-meter (96,875 square feet) rooftop, along with a 1-megawatt battery system that stores excess energy for use during high-demand periods and overnight.
Ikea's sustainability efforts go beyond environmental benefits; they also support local jobs and provide more reliable energy to the surrounding community. Renea Robson, Ikea Australia's Country Sustainability Manager, emphasizes the dual impact: "Showing we have significantly reduced our emissions from operations while growing the Ikea Australia business proves that investing in climate action and delivering commercial success is absolutely achievable — together."
The solar project will not only power the facility but also support electric vehicles used for home deliveries, aligning with Ikea's goal of achieving 100% renewable electricity in its retail operations. The company has also increased its plant-based menu options, further reducing its environmental footprint.
Kealy Day, chief technology officer at Smart Commercial Solar, underscores its practicality: "What I'm most proud of in this project is how Smart has evolved with technology and the market to make solar and battery storage a cost-effective, practical solution for businesses. It's proof that clean energy isn't just the right choice — it's now the smart choice."
By continuing to prioritize renewable energy and sustainability, Ikea is not only reducing its environmental impact but also creating long-term business value. This project exemplifies how large corporations can make meaningful contributions to both their bottom line and the communities they serve.
Would you want EV-charging roads installed in your town?
Sign me up
Depends how much it costs
No way
I'm not sure
Click your choice to see results and speak your mind.
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 hours ago
- Yahoo
CEO, MD & Director of Ridley Picks Up 3.9% More Stock
Potential Ridley Corporation Limited (ASX:RIC) shareholders may wish to note that the CEO, MD & Director, Quinton Hildebrand, recently bought AU$315k worth of stock, paying AU$2.12 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.9%. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In fact, the recent purchase by Quinton Hildebrand was the biggest purchase of Ridley shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of AU$2.87. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. Ridley insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Ridley Ridley is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Ridley insiders own 2.7% of the company, worth about AU$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Ridley shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ridley. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Ridley. But note: Ridley may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Downer EDI Limited (ASX:DOW) Shares Could Be 39% Below Their Intrinsic Value Estimate
Using the 2 Stage Free Cash Flow to Equity, Downer EDI fair value estimate is AU$10.16 Downer EDI's AU$6.23 share price signals that it might be 39% undervalued Our fair value estimate is 78% higher than Downer EDI's analyst price target of AU$5.70 Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Downer EDI Limited (ASX:DOW) as an investment opportunity by projecting its future cash flows and then discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Believe it or not, it's not too difficult to follow, as you'll see from our example! Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (A$, Millions) AU$332.1m AU$370.1m AU$379.3m AU$474.1m AU$327.0m AU$327.9m AU$331.4m AU$336.8m AU$343.6m AU$351.5m Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x3 Analyst x3 Analyst x1 Est @ 0.26% Est @ 1.07% Est @ 1.63% Est @ 2.03% Est @ 2.30% Present Value (A$, Millions) Discounted @ 7.2% AU$310 AU$322 AU$308 AU$360 AU$231 AU$217 AU$204 AU$194 AU$184 AU$176 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = AU$2.5b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.2%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = AU$352m× (1 + 2.9%) ÷ (7.2%– 2.9%) = AU$8.6b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= AU$8.6b÷ ( 1 + 7.2%)10= AU$4.3b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$6.8b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of AU$6.2, the company appears quite good value at a 39% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Downer EDI as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.2%, which is based on a levered beta of 0.972. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Downer EDI Strength Debt is not viewed as a risk. Weakness Dividend is low compared to the top 25% of dividend payers in the Commercial Services market. Opportunity Annual earnings are forecast to grow faster than the Australian market. Trading below our estimate of fair value by more than 20%. Threat Dividends are not covered by earnings. Annual revenue is forecast to grow slower than the Australian market. Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For Downer EDI, we've put together three essential factors you should further examine: Risks: For example, we've discovered 2 warning signs for Downer EDI that you should be aware of before investing here. Future Earnings: How does DOW's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Yahoo
Pilot Energy First Half 2025 Earnings: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2024)
Net loss: AU$2.55m (loss narrowed by 43% from 1H 2024). AU$0.002 loss per share (improved from AU$0.004 loss in 1H 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Pilot Energy shares are up 33% from a week ago. Before you take the next step you should know about the 5 warning signs for Pilot Energy (4 are a bit unpleasant!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
