AGL
AGL operates Australia’s largest electricity generation portfolio, with an operated generation capacity of 10,984 MW, which accounts for about 20% of the total generation capacity in the National Electricity Market. See below for the latest AGL News, Analysis, Profit Results, Share Price Information, and Commentary.
AGL underlying profit down 58% YoY in FY2022
AGL underlying profit down 58% YoY in FY2022
A drop in trading and origination electricity earnings contributed to this.
AGL expands green hydrogen study in Hunter Energy hub
Fortescue Future Industries will provide green hydrogen for the project.
AGL invests $27.7m to upgrade Clover hydro power station
This will add 14MW to the output capacity of the Kiewa Hydro Scheme
Over $3.7b battery storage projects compete for ARENA funding
ARENA has invited 12 projects to apply for $100m funding.
AGL-led consortium to study green hydrogen energy hub dev’t at Torrens Island
This will cater to users in South Australia and interstate, and even export markets.
AGL Energy withdraws demerger proposal
The company believes it will not receive the required 75% approval threshold.
Australia under 'dramatic transformation' as it adds 50GW renewables
The country expects its electricity will be supplied by renewable sources by 2025.
AGL acquires biogas plants provider Energy360
This is support of Australia’s clean energy transition.
AGL, Nu-Rock to assess feasibility of repurposing coal ash
The companies want to convert industrial waste materials to construction bricks.
AGL, Neoen enter virtual battery charging deal
AGL will charge and discharge up to 70MW of Neoen’s 100MW/200MWh Capital Battery.
AGL takes big step towards energy transition in Liddell power station closure
The station will be fully closed in April 2023.
ARENA grants $14m funding for AGL’s Broken Hill battery project
This will help fund the 50MW/50MWh lithium-ion large scale battery storage.
AGL’s proposed grid-scale battery at Liddell station gets gov't approval
The battery site has a 500MW, 2GWh capacity.
AGL shuts down gas power unit in South Australia
Renewables continued lowering of power prices makes it harder for fossil fuels to compete.
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