(Bloomberg) Australia should consider lifting a ban on nuclear power as it rushes to replace retiring coal plants with clean energy, according to Origin Energy Ltd., a utility set to be acquired by Canada’s Brookfield Asset Management in a multibillion-dollar deal.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers
Australia Should Consider Nuclear, Brookfield Target Origin Says bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Origin Energy will “within weeks” begin building the first stage of a planned 700 MW/2,800 MWh grid-connected battery energy storage system being developed at the site of Australia's largest coal-fired power plant that is set to be shut down in less than 28 months.
A profit warning on Wednesday from Australia’s No. 2 power producer and the struggles of its bigger rival furnish the new government with stark evidence of the challenge of moving to a greener future while promising cheaper electricity. The Labor government, sworn in on Wednesday after Australians voted loudly for climate action, campaigned on cutting .
A profit warning on Wednesday
from Australia s No. 2 power producer and the struggles of its
bigger rival furnish the new government with stark evidence of
the challenge of moving to a greener future. | June 1, 2022