Latest Australian Energy Market News

1414 Degrees has made significant strides in developing its Aurora Energy Precinct, securing crucial regulatory approvals for its battery storage system and progressing its battery materials and hydrogen technologies.

Strike Energy reports steady progress on its South Erregulla gas power project, while optimising Walyering production and maintaining strong liquidity. The company navigates market conditions with a strategic reduction in output and plans for upcoming drilling activities.

QPM Energy has taken a significant step forward by signing a key agreement with Powerlink Queensland to connect its 112MW Isaac Power Station to the grid, targeting energisation by mid-2027.

1414 Degrees updates on the administration of its joint venture partner Vast Solar Aurora, exploring acquisition options while progressing key renewable projects. The company also advances its October 2025 placement with shareholder-approved options now moving towards ASX quotation.

Origin Energy has announced it will keep the Eraring Power Station operational until April 2029, extending its life by nearly two years to bolster NSW’s energy security during the shift to renewables.

1414 Degrees secures critical approvals from AEMO and ElectraNet for its 140 MW Aurora Battery Energy Storage System, advancing the project toward grid connection and commercial operation in 2026.

AEMO forecasts a severe domestic gas shortage in Western Australia from 2028, spotlighting H3 Energy’s Warro gas field as a critical potential solution amid rising prices and technical hurdles.

LGI Limited reported robust FY25 results with a 14% rise in EBITDA and secured six new contracts, positioning the company for a 25-30% EBITDA increase in FY26. Key project completions and expansions underpin this momentum.

AGL Energy has agreed to purchase four new gas turbines for $185 million to develop the Kwinana Swift Gas 2 project, securing 176MW of reserve capacity to support Western Australia’s energy transition.

Strike Energy has made significant strides in its integrated gas-to-power strategy, advancing the South Erregulla Peaking Gas Power Station and securing a major $86 million investment from Carnarvon Energy. The company also confirmed a substantial 180 PJ contingent resource at Ocean Hill, positioning itself strongly in Western Australia's evolving energy market.

Frontier Energy secures 88.06 MW of peak capacity credits for its Waroona Renewable Energy Project, guaranteeing $160 million in revenue over five years and underpinning its financing strategy.

Strike Energy has reached key milestones in its South Erregulla Peaking Power Plant project, with engine installations underway and a significant forecast increase in capacity payments boosting revenue prospects.