AGL Energy could approve battery investments worth some $1.5 billion over the next 18 months, as it spots an opportunity in the volatility created by the closure of coal plants and growth of renewable generation.
The electricity and gas giant set a new goal for 1.4 gigawatts of new storage projects in NSW and Queensland, as it unveiled a higher profit guidance for the year after a better-than-expected profit in the first half.
Source: https://www.afr.com/companies/energy/agl-profit-slides-as-retail-margins-squeezed-20250210-p5lasp