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Battery future bright but caution on costs

The battery supplier for AGL Energy’s first major storage project sees plenty of opportunity in Australia but is expecting a “pause” in the rapid cost declines seen in recent years. ....

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iTWire - AGL expands electric vehicle subscription service to Adelaide

Energy and telecommunications customer services provider AGL is expanding its Electric Vehicle (EV) subscription service to Adelaide. AGL says the mov. ....

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AGL to mothball gas power unit in SA

AGL to mothball gas power unit in SA
Jul 7, 2021 â 10.29am
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Low power prices mean AGL Energy will mothball one of the four units at its Torrens B gas power generator in South Australia more than 10 years earlier than its expected closure date, highlighting the vulnerability of traditional generation in the rapidly changing energy market.
The Australian Energy Market Operator said it is assessing the potential impact that the shuttering of the 200-megawatt Torrens B1 unit in October may have on energy supply and system security.
It is increasingly being forced to order gas plants in South Australia to run just to keep the grid stable amid surging renewables generation, and the closure of the unit will crimp its ability to call on those plants. ....

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Australia's AGL to shut gas-fired power unit

Australia's AGL to shut gas-fired power unit
naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.

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Past, present and future: AGL is making a mess of its clean energy transition

29 April 2021
Over the years I’ve seen lots of demergers by listed companies and most have been more or less successful at creating value. AGL’s effort so far is a case study in how to stuff it up.
Seemingly no agreement between Board and management.
Premature announcement with close to zero useful information for investors and their army of advisors.
No commitment to separate listing, which is the most fundamental rationale for doing it.
Captain and the ship part company mid journey.
At this rate AGL will almost single handedly give demergers a bad name. Having said that we’d be the first to accept Brett Redman’s comment: It’s hard. Still that’s all the more reason for working out the details first. ....

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