Latest news with #OriginEnergyLtd
Bloomberg
3 days ago
- Business
- Bloomberg
Origin Sees EV, Battery Boom Driving Virtual Power Plant Growth
Australia's biggest power retailer expects more households to link home batteries into ' virtual power plants,' a shift it sees curbing the cost of the energy transition and easing pressure on the nation's slow-moving grid build-out. The number of customer devices connected to Origin Energy Ltd. 's 'Origin Loop' VPP rose about 5% in the past year to 1.5 gigawatts of capacity, the company said as it released full-year earnings on Thursday. Almost 400,000 assets — including hot-water systems, batteries, solar panels and electric vehicles — are now connected to the platform.
Bloomberg
23-05-2025
- Business
- Bloomberg
Australia Pacific LNG Cuts Price in Massive Sinopec Supply Deal
Australia Pacific LNG agreed to cut the price of liquefied natural gas sold under a major contract with China's Sinopec. The price review resulted in a reduction in the oil-linked contract slope from Jan. 1, 2025, Origin Energy Ltd. — which holds a 27.5% stake in the export project, said Friday. The Sydney-based company sees a reduction in its underlying earnings from the Australia Pacific LNG plant of A$55 million ($35 million) in the six months through June 2025.
