Origin Energy says it won’t fight against new technologies such as rooftop solar and battery storage, but it remains committed to its major gas play – a multi-billion bet that has seen its share price plunge as the international oil price tanked.
Tag: "Origin Energy"
Financial markets are finally catching up to the news: Fossil fuels are in decline in both transport and electricity, and the woes of VW and Glencore. Even the Bank of England has sounded a warning. Meanwhile, the likes of BHP, Origin and AGL are trying to convince investors that everything is OK.
Origin Energy says solar is the cheapest form of energy for households, but warns that sub-standard systems – particularly inverters – are causing problems for consumers. It even suggested a “pink batts” moment could trigger the removal of remaining subsidies. But the company has also been at fault.
Origin Energy is bullish about Australia’s rooftop solar market, and wants to be the No. 1 player. But it’s not an easy target.
News Corp Australia staff are being offered heavily discounted deals on electric vehicles and rooftop solar, via Mitsubishi and Origin Energy. This is not satire.
Origin once dismissed solar PV as ‘panels in the paddock’, but it could be a key tool to give it the advantage over coal-fired competitors.
CEFC commits $100 million to Origin Energy to help utility giant expand its offerings of rooftop solar and battery storage to consumers.
Australia’s biggest two utilities have decided they want to own the rooftop solar on homes and business, and maybe the storage and EVs too. RE interviews the executives behind the strategies, and their attempts to switch from a centralised model to a distributed future.
Operator of one of Australia’s biggest networks says solar, battery storage and micro grids means the business models of centralised generators and retailers will be made redundant. In other words, no long term future for Origin, AGL or EnergyAustralia. The future is local, and that is bad news for coal, gas and nuclear.
Origin says Australia’s 20% renewable energy target ‘already nearly met,’ and additional mandatory investments would further increase electricity prices.
Origin Energy says its solar PV business is contracting, but is more profitable. It is focusing most of its renewable energy investments overseas.