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Origin energy reports 17-fold surge in underlying profit in July-December

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Origin energy reports 17-fold surge in underlying profit in July-December

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Natural Gas News
Origin energy reports 17-fold surge in underlying profit in July-December

Summary

The Australian company has revised its full-year outlook for the energy markets segment. by: Shardul Sharma

Australia's Origin Energy on February 15 announced a 17-fold increase in underlying profit for the July-December period driven by higher earnings across all business segments, with a significant boost from the energy mar...

Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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