Origin Energy Limited (AU:ORG) has released an update.
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Origin Energy Limited announced its June 2024 Quarterly Report, highlighting a slight increase in LNG revenue despite a year-on-year drop, stable electricity sales, and a 10% decline in gas volumes. Noteworthy developments include a delayed retirement for Eraring Power Station, a 20% stake acquisition in Climatech Zero, significant investments in large-scale battery projects, and a valuation increase in Octopus Energy to US$9 billion. The report also mentions the company’s effective optimization activities leading to a production increase, and an expansion of Octopus Energy’s global presence through a new licensing agreement.
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