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Energy company says it is ‘well placed’ to take advantage of ‘remaining opportunities’ during the exit from fossil fuels
Power plant breakdowns, coal supply problems and soaring power prices have pushed EnergyAustralia to a $1 billion full-year loss.
The major power and gas retailer was hit by big losses after unexpected breakdowns at its biggest coal power plant, prompting a $400 million work program.
Shell to build mega battery in central New South Wales amid mounting concern about firmed storage.
EnergyAustralia is considering installing its biggest battery at the Mt Piper coal power station, as Australia worries about firming capacity.